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- Trust & compliance
Clarity for partners and their compliance teams.
Where we are today, how we intend to operate with licensed partners, and what must be true before anything launches — in one place, without marketing gloss.
§ 01 Current statusAs of October 1, 2026
Exactly where things stand today.
We update this board as agreements, approvals and launches happen — not before.
AreaStatus
U.S. platform
Product design, prototypes and partner selection
In developmentConsumer accounts & deposits
No accounts are opened and no deposits are accepted
Not offeredCards & credit
No cards are issued and no credit is extended
Not offeredMoney transmission
No consumer funds are transmitted by Simba Money LLC
Not offeredInsurance & immigration services
No insurance is sold and no legal advice is given
Not offerediOS app (U.S.)
In development; not available for download
In developmentSponsor bank & card issuer
Selection open; no partner is announced
SelectingPayment partners
Selection open for tuition delivery and domestic payments
SelectingUniversities
Pilot conversations open; no partnership is announced
Conversations openWhat Simba Money is
- A financial technology company building a student-focused experience
- The intended coordinator of a program delivered through licensed partners, once selected
- Responsible for its own applicable obligations, including marketing accuracy, privacy and security
- Part of the Simba Money and Simba Group ecosystem
What Simba Money is not
- A bank, or a holder of U.S. banking, lending or money transmitter licenses
- FDIC-insured — and we make no claim of deposit insurance
- A law firm or an insurance producer
- Currently offering any product to U.S. consumers
§ 02 Proposed operating model
One student experience. Defined provider responsibilities.
We intend to build a student-focused experience around regulated capabilities delivered by appropriately authorized providers, consistent with the interagency guidance on third-party relationships.
Simba Money
Student experience, technology, onboarding support, communications and coordination across partners — with its own applicable compliance responsibilities and partner oversight.
- Simba Money
- Student experience, technology, onboarding support, communications and coordination across partners.
- Partner bank
- Holds deposits and owns the account program: CIP, BSA/AML, account terms, ACH and wire, disclosures and reporting.
- Card issuer & processor
- Cards, network rules, processing, disputes and chargebacks.
- Payment providers
- Domestic payment processing, tuition delivery and reconciliation with universities.
- Universities
- Accept tuition, approve branding and communications, support students.
- Specialist providers
- Carriers, admissions specialists, immigration professionals and licensed insurers.
Proposed model for discussion. Final roles, controls, disclosures and contracts must be agreed with each partner before launch.
§ 03 Responsibility matrixProposed · for discussion
Who does what — written down before launch.
A starting allocation for a sponsor-bank program. The final matrix is negotiated with each partner and reflected in contracts, policies and oversight.
Owns Accountable and performsPerforms Carries out under oversightSupports Provides data, tooling or escalation
| Function | Simba Money | Partner bank | Other providers |
|---|---|---|---|
| Customer identification & KYC | Performs | Owns | Supports |
| Sanctions screening (OFAC) | Supports | Owns | Owns |
| Transaction monitoring & SAR filing | Supports | Owns | Supports |
| Deposits & account terms | Supports | Owns | — |
| Card issuing, disputes & chargebacks | Performs | Owns | Supports |
| EFT error resolution (Reg E) | Performs | Owns | Supports |
| ACH & wire origination and returns | Supports | Supports | Owns |
| Marketing & disclosures review | Performs | Owns | Supports |
| Customer support (first line) | Owns | Supports | Supports |
| Complaints handling & reporting | Performs | Owns | Supports |
| Information security & privacy (app) | Owns | Supports | Supports |
| Third-party oversight & audit access | Supports | Owns | — |
Illustrative starting point for discussion. Responsibilities depend on the final program structure, applicable law and each partner's policies.
§ 04 Regulatory mapFrameworks in scope
The rules we expect to design around — named up front.
A working map of the U.S. frameworks we expect to be relevant to the program and how we intend to approach each. Applicability is confirmed with partners and counsel.
| Area | Framework | Intended approach |
|---|---|---|
| Bank partnership | Interagency Guidance on Third-Party Relationships: Risk Management (2023) | Documented controls, reporting and audit access supporting the bank's oversight of Simba Money. |
| Identity & AML | Bank Secrecy Act; CIP rule 31 CFR 1020.220 | Onboarding built to the bank's CIP, KYC and BSA/AML program, with clear escalation. |
| Sanctions | OFAC regulations 31 CFR Chapter V | Screening at onboarding and on activity by the responsible regulated party. |
| Deposit insurance claims | FDIC misrepresentation rule 12 CFR Part 328, Subpart B | No insurance claims today; future references name the bank and state coverage limits. |
| Electronic transfers | EFTA · Regulation E 12 CFR Part 1005 | Disclosures, error resolution and liability limits for covered consumer transfers (for example ACH and card), handled with the bank. Wire transfers are generally outside Regulation E. |
| Domestic payments | Nacha Operating Rules (ACH); UCC Article 4A and Federal Reserve Regulation J (wires) | ACH and wire origination by the bank under its agreements; clear payment review screens and confirmations in the app. |
| Deposit accounts | Truth in Savings · Regulation DD 12 CFR Part 1030 | Account disclosures supplied by the bank and presented clearly in the app. |
| Credit cards | TILA · Regulation Z incl. CARD Act; ECOA · Regulation B; FCRA 12 CFR 1026.51, 1026.57; 12 CFR Part 1002 | Lender-owned underwriting and notices; student-specific rules designed in from the start. |
| Privacy | GLBA · Regulation P; state privacy laws 12 CFR Part 1016 | Privacy notices, consent and data minimization; honoring Global Privacy Control on this website. |
| Fair marketing | UDAAP 12 U.S.C. §§ 5531, 5536 | Every public claim reviewed with the responsible partner before publication. |
| Money transmission | State money transmitter laws | Funds movement through the bank or appropriately licensed providers. |
| Student records | FERPA 20 U.S.C. §1232g; 34 CFR Part 99 | Institutional data only with student consent or as FERPA permits. |
| Immigration services | Representation rules 8 CFR 292.1 | No legal advice; legal matters referred to attorneys or accredited representatives. |
| Insurance | State insurance producer licensing | Insurance offered only by licensed carriers and producers. |
| Accessibility | ADA; WCAG 2.2 | Website and app designed and tested toward WCAG 2.2 AA. |
This summary is provided for discussion and is not legal advice. Final applicability depends on the program structure and will be confirmed with partners and counsel.
§ 05 Data & security on this websiteImplemented today
What we already do — not what we plan to.
This website is built for business inquiries. Please don't send identity documents, account details or confidential files through it.
No third-party trackers
No advertising pixels, no session recording and no third-party scripts. Fonts and assets are self-hosted.
Consent-first analytics
Optional first-party analytics stay off until you allow them. Global Privacy Control is honored.
Protected inquiry records
Inquiries are stored outside the public web directory. We aim to keep ordinary inactive inquiries for no longer than 12 months.
A deliberately small backend
Only two endpoints run code. Requests are origin-checked and rate limited, the form uses a short-lived session token, and protections fail closed if they cannot be enforced.
Responsible disclosure
Found an issue? See our security.txt and report it through the contact form.
§ 06 Tanzania background
Different jurisdictions, kept clearly apart.
Simba Money Tanzania and the broader Simba Group provide the background to our U.S. initiative. The Tanzanian business and the proposed U.S. program operate in different jurisdictions.
In Tanzania: Simba Money (Private) Limited states that it is authorised and regulated by the Bank of Tanzania as an Electronic Money Institution. That authorization does not establish any authority to offer financial services in the United States.
Verification: Partners can verify Tanzanian status directly with the Bank of Tanzania. Licensing documentation is available during due diligence.
§ 07 Due diligence
A focused review, on your checklist.
We welcome due-diligence conversations with prospective partners. A typical first review covers:
Corporate structure & ownership
Formation documents, ownership and control, group relationships and key people.
Proposed activities & jurisdictions
Products, target customers, supported countries and the licensing analysis behind them.
Product & funds flows
How money and data move, who holds funds and where each control sits.
Risk & compliance responsibilities
The responsibility matrix, policies roadmap, complaints handling and escalation.
Technology & data handling
Architecture, security practices, data maps and vendor dependencies.
This website is an introduction, not a substitute for corporate documentation, regulatory analysis or a completed compliance review. See our full disclosures.
Now selecting launch partners
Build the U.S. student platform with us.
We're speaking with sponsor banks, card and payment providers, universities and specialist service partners. Tell us what you bring — we'll show you exactly where it fits.