Legal

Registration

Aurora Exchange Oy is a Finnish privately held company, registered in the Finnish trade registry with ID 2484214-9. Our office is at Bulevardi 14 A, 2nd floor, in Central Helsinki.

Consumer lending license

The Finnish administration has granted us a license to extend consumer credit to Finnish customers (AVI license number LU9/2016).

Payment processing and customer funds

Aurora Exchange works with MangoPay to process payments and store customer funds. Your funds are stored in virtual wallets managed by Mangopay. The actual money is stored in leading European banks such as ING and Barclays Bank. Your funds are held separately from Mangopay’s and Aurora Exchange’s assets.

Mangopay is an European e-money issuer and payment processor regulated by CSSF, the banking regulator in Luxembourg. Aurora Exchange acts are e-money distributor for Mangopay.

Mangopay is a subsidiary of Leetchi SA which is  a subsidiary of Crédit Mutuel Arkéa, which is a French cooperative bank with approximately 100 billion euro in the balance sheet. Leetchi SA was founded by Céline Lazorthes who is one of the FinTech trailblazers.

Working with Mangopay provides multiple benefits. Acting as Leetchi’s e-money distributor, lending and borrowing can be expanded to any country where Mangopay SA is licensed to operate, which means more liquidity in the market for you. Also, Mangopay being a subsidiary of a bank, provides a high level of security, compliance and segregation of assets.

Auditors

Aurora Exchange Oy is audited by RSM Finland Oy, with Esa Rusanen CPA as the lead auditor. At the time of writing, RSM Group is the sixth largest international accounting chain in the world.

Compliance

As a  regulated e-money issuer, Mangopay complies with the European regulations related to money laundering and terrorist financing and CSSF’s regulations. We collect information required for these purposes, such as copies of ID cards.  For any questions related to compliance, or if you suspect a violation of compliance (e.g. inappropriate transactions), we urge you to contact compliance@aurorax.co immediately.

Copyrights and trademarks

All materials and concepts on this service are copyrighted by Aurora Exchange Oy.

Aurora Exchange, AuroraX and Aurorax.co names, logos and “Smart people meet smart money” slogan are trademarks, or registered trademarks of Aurora Exchange Oy.

Every effort has been made to ensure the images used on the website are licensed and used in compliance with attribution requirements of the respective owners and creators. In case you believe your images are used incorrectly, please contact us at ipr@aurorax.co and we will remove any such material.