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Why is the bank account to which I transfer money French?
The receipt, transfer and collection of funds from Goparity users is made through an intermediary - MangoPay S.A. - an electronic currency institution that is part of the French group Crédit Mutuel Arkea.
For this reason, the recipient of the bank transfers is an account based in this country.
When you create an account, a personal digital IBAN will automatically be generated in order for you to perform financial transactions. You can check you IBAN in your account, on settings:
Lastly, if you define a savings plan strategy, you'll be attributed a second IBAN (eg. "férias 2023").
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Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at www.goparity.com. Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.