Caution Investors Kapitec Invest – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Who is Kapitec Invest?
Kapitec Invest is a company that claims to offer secure e-banking services, including fixed deposit rates, deposit plans, and loan plans to its account holders. According to their website, they have over 24 million account holders, 3 billion total transactions, and a presence in over 240 countries[1]. However, the entity is not supervised by the CSSF and has not been granted any authorization to provide banking services, investment services, or other financial services in or from Luxembourg[2].
Regulation and Compliance:
The CSSF has issued a warning concerning the fraudulent activities carried out by Kapitec Invest. The entity is not authorized to provide any financial services in or from Luxembourg, and the CSSF has warned the public against engaging with them[2].
Customer Reviews:
There are no customer reviews available for Kapitec Invest, likely due to the fact that the entity is not authorized to provide financial services in Luxembourg.
Products and Services:
Kapitec Invest claims to offer fixed deposit rates, deposit plans, and loan plans to its account holders. They also offer various online payment services such as PayPal, Stripe, Paystack, Skrill, Flutterwave, Mollie, and Payeer[1]. However, it is important to note that the entity is not authorized to provide any financial services in or from Luxembourg[2].
Location:
Kapitec Invest claims to have a registered office at 3 Rue Ierweschtgaas, L-6868 Wecker, Luxembourg[2]. However, the CSSF has warned the public against engaging with the entity, as it is not authorized to provide any financial services in or from Luxembourg[2].
Customer Service:
There is no information available on Kapitec Invest’s customer service, likely due to the fact that the entity is not authorized to provide financial services in Luxembourg.
Conclusion:
Kapitec Invest is an entity that claims to offer e-banking services, including fixed deposit rates, deposit plans, and loan plans to its account holders. However, the CSSF has issued a warning against the entity, stating that it is not authorized to provide any financial services in or from Luxembourg. As such, it is important to exercise caution and avoid engaging with Kapitec Invest.
Citations:
[1] https://kapitec-invest.com
[2] https://www.cssf.lu/en/2023/09/warning-concerning-the-fraudulent-activities-carried-out-by-the-entity-kapitec-invest/
