Who owns Cake?
short answerCake is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while Cake builds the product and interface.
Is Cake a licensed bank?
No — it runs on a sponsor bank (BaaS model). Licence detail: Partner: VPBank.
Where is your money held?
Custody model: Custodial.
No sponsor bank or infrastructure provider is publicly documented for Cake yet. Know one? Suggest it.
Who's behind Cake?
Cake was founded by Be Group x VPBank (2021), headquartered in Ho Chi Minh, VN.
Is my money safe with Cake?
Deposits are held by Cake's sponsor bank, so any insurance flows through that bank rather than Cake. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.
go deeperSee the full Cake profile with every verified field, or Cake 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.