Who owns ALAT by Wema?
short answerALAT by Wema holds its own banking licence, so ALAT by Wema itself is the bank — customer deposits sit on its own regulated balance sheet rather than with a third-party sponsor.
Is ALAT by Wema a licensed bank?
Yes — it holds its own banking licence. Licence detail: Bank (Wema Bank).
Where is your money held?
Custody model: Custodial — on ALAT by Wema's own balance sheet as a licensed bank.
No sponsor bank or infrastructure provider is publicly documented for ALAT by Wema yet. Know one? Suggest it.
Is my money safe with ALAT by Wema?
As a licensed bank, eligible deposits at ALAT by Wema are typically protected by the local deposit-guarantee scheme up to the statutory limit (for example FDIC in the US, FSCS in the UK, or the €100,000 EU scheme). Confirm the exact scheme and limit for your country.
go deeperSee the full ALAT by Wema profile with every verified field, or ALAT by Wema alternatives. Raw fields: data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.