Who owns PEPPER?
Is PEPPER a licensed bank?
Yes — it holds its own banking license. License detail: Israeli banking license (Bank Leumi digital brand, Bank of Israel).
Where is your money held?
Custody model: Custodial — on PEPPER's own balance sheet as a licensed bank.
No sponsor bank or infrastructure provider is publicly documented for PEPPER yet. Know one? Suggest it.
Who's behind PEPPER?
PEPPER was founded by Bank Leumi (2017), headquartered in Tel Aviv, IL.
Is my money safe with PEPPER?
As a licensed bank, eligible deposits at PEPPER 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.
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.