---
title: "How Axra Protects Your Money"
canonical: "https://www.useaxra.com/security/protect-your-money"
updated: "2026-07-30T00:00:00.000Z"
type: "tier1"
---

# How Axra Protects Your Money

> How we protect your money. Trust is earned through consistent, reliable security. Here's exactly what we do to keep your funds and data safe — every second of every day.

## Key facts

- **AES encryption:** 256-bit
- **Fraud monitoring:** 24/7
- **Funds segregated:** 100%
- **Regulated jurisdictions:** 3

## Eight layers of protection

Axra uses multiple overlapping security layers, so no single failure can compromise your account or funds.

| Layer | What it does |
| --- | --- |
| Military-grade encryption | Every piece of financial data — in transit and at rest — is protected with AES-256 encryption and TLS 1.3, the same standard used by global banks. |
| Two-factor authentication | Every login and transaction requires a second factor — SMS code, authenticator app, or biometric. Your PIN alone is never enough to move money. |
| AI-powered fraud detection | Our machine-learning systems analyse every transaction in real time, flagging unusual locations, amounts, or rapid-fire activity before funds move. |
| Real-time transaction alerts | Every debit, credit, login, and card transaction triggers an instant push notification — you always know what is happening the moment it happens. |
| Segregated customer funds | Your money is held in segregated accounts with our regulated banking partners, completely separate from Axra’s operating capital. |
| New device approval | Signing in from a new device requires approval from a trusted device you have already verified — attackers cannot log in even with your password. |
| Regulatory compliance | Axra operates under Money Services Business (MSB) registrations in Canada, the UK, and the USA, with regular independent compliance audits. |
| Instant account freeze | If you suspect unauthorised activity, freeze your account instantly from the app — no phone call needed. All pending and future transactions stop. |

## Biometric security

On supported devices, Axra uses your device's biometric hardware — fingerprint reader or Face ID — as a second layer of access control. Biometric data never leaves your device; we only receive a cryptographic confirmation that authentication succeeded.

## Your account tools

Beyond what we do in the background, the Axra app gives you direct control over your security posture:
- View all active sessions and log out any device remotely
- Set custom daily and per-transaction spending limits
- Receive login alerts for every sign-in, including location and device type
- Enable or disable international card payments with one tap
- Run an automated security health check from your settings

## Continuous improvement

Security threats evolve constantly, and so do we. Our security team conducts quarterly penetration tests with independent third-party researchers, reviews all protocols after any incident — industry-wide or our own — and participates in the wider fintech security community to stay ahead of emerging threats.

## Related

- [Fraud and scams](https://www.useaxra.com/security/fraud-and-scams)
- [Report a lost device](https://www.useaxra.com/security/report-lost-device)
- [Security bug disclosure](https://www.useaxra.com/security/bugs)

## Sources

- [How Axra Protects Your Money](https://www.useaxra.com/security/protect-your-money)

---

Axra is a product of GoFree and is provided by GoFree Global Inc and its affiliated entities. Please check our FAQ page for information on which GoFree entity provides services in your region, or reach out via in-app chat or support@joingofree.com.

GoFree Global Inc is registered in Delaware, United States, and is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). Registration Number: 20222296774. License Number: 31000281485025.

GoFree Global Technology Limited is registered in Canada and is registered as an MSB and payment service provider with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), with RPAA registration in progress with the Bank of Canada. Registration Number: 1001010436. License Number: C100000512.

The registered address for GoFree Global Inc is 1111B S Governors Ave STE 48051, Dover, DE 19904, United States. The registered address for GoFree Global Technology Limited is 2967 Dundas St. W. #1037, Toronto, ON M6P 1Z2, Canada.

Other operating entities include GoFree Global Technology Limited in Nigeria and GoFree Global Technology Limited in Rwanda. We are not a bank; banking services are provided by duly licensed partner banks, and deposits are FDIC insured where applicable.