Yes, your money is safe with Bankera. Your account is protected with a number of cybersecurity measures, including multi-factor authentication.
The funds held in your account are electronic money that is safeguarded by an electronic money institution (EMI). Thus, the electronic money at Bankera is fully backed by liquid assets, such as cash, its equivalents (short-term deposits at banks) or highly liquid bonds, and is also segregated from the funds of the financial institution itself.
This safeguarding model is beneficial for the clients of such institutions, as it creates an additional layer of security. In the case of the financial institution becoming insolvent, its customers would still be able to recover their funds.
You can find out more on this topic in our blog post.