Who owns Simple.?
Is Simple. a licensed bank?
Yes — it holds its own banking license. License detail: Moroccan banking license (Attijariwafa bank digital brand, Bank Al-Maghrib).
Where is your money held?
Custody model: Custodial — on Simple.'s own balance sheet as a licensed bank.
No sponsor bank or infrastructure provider is publicly documented for Simple. yet. Know one? Suggest it.
Who's behind Simple.?
Simple. was founded by Attijariwafa bank (2026), headquartered in Casablanca, MA.
Is my money safe with Simple.?
As a licensed bank, eligible deposits at Simple. 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.