FinchPay
Key Data
- Trading Name: FinchPay (finchpay.io)
- Legal Entity: UAB FINCH TECHNOLOGIES
- Activities: Virtual Asset Service Provider
- Location: Lithuania
- Regulations: under the supervision of Lithuanian FCIS
- Key People: not given
- Latest news: FinchPay
- Latest update: September , 2024
FinchPay is a Lithuania-based virtual asset service provider specializing in fiat-to-crypto and crypto-to-fiat transactions. The company is operated by UAB Finch Technologies and is licensed under the supervision of the Lithuanian Financial Crimes Investigation Service (FCIS).
Offering
FinchPay offers services for buying, selling, and exchanging major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and various Stablecoins such as USDT and USDC, as well as altcoins such as XRP, BNB, and ADA.
- Over-the-Counter (OTC) Trading: FinchPay allows high-volume, peer-to-peer transactions that take place outside traditional exchanges.
- On-Ramp/Off-Ramp Transactions: FinchPay supports multiple fiat currencies like EUR, USD, AED, and CAD, and over 40 digital assets, providing a wide range of options for cryptocurrency exchanges.
- Fast Onboarding and Deep Liquidity: The platform offers fast-track onboarding for new clients and ensures deep liquidity for larger transactions, making it ideal for institutional clients and high-net-worth individuals.
- Compliance: As a regulated entity, FinchPay ensures a high level of security and transparency, adhering to strict anti-money laundering (AML) and know-your-customer (KYC) procedures.
Who They Serve
FinchPay primarily serves institutional clients, high-net-worth individuals (HNWI), and corporate entities, offering tailored services for businesses in industries like fintech and online gaming that handle cryptocurrency inflows. Private clients also use the platform for seamless crypto transactions
Regulation
FinchPay is authorized to provide virtual currency exchange and custody services under the supervision of Lithuanian Financial Crimes Investigation Service (FCIS).
Customer Review
Trustpilot: 4,4 Stars with 40+ Reviews
Key People
- not given
Conclusion and Rating
Compliance Rating: Orange
While FinchPay meets the necessary regulatory standards and is licensed by the Financial Crimes Investigation Service (FCIS) in Lithuania, there is a notable lack of transparency regarding its leadership and key personnel. The absence of publicly available information about its executive team creates uncertainty regarding accountability and corporate governance. This lack of detail prevents us from fully trusting the internal operations despite their adherence to external regulations.
Customer Rating: Green
From a customer perspective, FinchPay performs very well. The company has received positive feedback from both private and corporate clients, praising its seamless transactions, reliable service, and professional support team. These reviews suggest that customers are highly satisfied with their experiences, which indicates that the platform delivers on its promises.
In summary, while FinchPay is strong in terms of regulatory compliance and customer satisfaction, the lack of transparency about its key personnel leads us to assign an orange rating for compliance and a green rating for customer experience.
