09 May 2025

XPro + associated providers (Shiiro Academy, B2Pay, Homnifi) – Multi-level marketing schemes offering financial services without registration, false and misleading claims

The FMA has been made aware of several promoters of the XPro multi-level marketing scheme operating in New Zealand. 

XPro promotes the products of several ‘partner’ schemes: Shiiro Academy, B2Pay, and Homnifi. Each of these Partner schemes offers financial products or services, but they are not authorised to provide these in New Zealand. 

None of XPro’s partner schemes are members of an approved dispute resolution scheme. If an investor has a complaint about these schemes, they will not be able to seek resolution through a dispute resolution scheme. 

The FMA recommends caution when dealing with XPro, any XPro promoters, or any of these XPro partner schemes. Our specific concerns about each organisation are set out below.

 

XPro

XPro does not provide any financial products or services. Instead, it promotes the financial products and services offered by its partner organisations: Shiiro Academy, B2Pay and Homnifi. 

XPro is a multi-level marketing scheme. It sells subscriptions, which grant members access to XPro’s “rewards program”. Subscribers earn rewards by selling the products and services offered by XPro’s partner organisations, and by recruiting new XPro members to sell those products and services. 

The FMA is concerned that XPro’s partner organisations are providing financial products and services in New Zealand without the appropriate licence and without being registered on the Financial Service Providers Register (FSPR). Several of the partner organisations have also made misleading claims about their financial products and services.

Shiiro Academy

Shiiro Academy offers what it describes as “trading signals” for foreign exchange derivatives, recommending specific trades to its members. This is regulated financial advice. Shiiro is not licensed to provide financial advice in New Zealand, and it is not registered on the FSPR.  

The FMA is also concerned about unsubstantiated and misleading statements which Shiiro has made about its investment returns. Shiiro has claimed that investors can “GET RICH QUICK” and “EARN $10,000 OVERNIGHT” using its services. These claims are unrealistic and are likely to mislead investors. 

Foreign exchange derivatives are very high-risk investments and investment in these products usually carries significant financial risk. Be wary of any derivatives advisers or coaches who claim that they can give you access to easy money or help you to get rich quick. 

B2Pay

B2Pay offers cryptocurrency payment cards. B2Pay is not registered on the FSPR, and is not authorised to provide this service in New Zealand. 

Homnifi

Homnifi provides a cryptocurrency wallet service, allowing members to store cryptocurrency and process deposits, withdrawals and transfers. Homnifi is not registered on the FSPR, and is not authorised to provide these wallet services in New Zealand. 

Report New Zealand XPro promoters to the FMA

If you have been approached by individuals in New Zealand promoting XPro or any of its partner schemes, report them to the FMA. 

Make a complaint

 

Platform Websites Email Social media profiles
XPro

Xpro.gitbook.io

Xbackoffice.myxpro.app       

[email protected]   

Youtube: @XPRO.GLOBAL, @GeniusInvestors

Instagram: @xpro.global

Facebook: xerapro.official

Threads: @xpro.global

Shiiro Academy

Shiiro.com

[email protected]

Youtube: @ShiiroGlobal

Tiktok: @shiiro.global

Instagram: @shiiro_global

Telegram: shiiroglobal

B2Pay

B2Pay.app

[email protected]

Tiktok: @b2pay

Instagram: @b2fintech

Facebook: B2Fintech

Threads: @b2fintech

Homnifi

Homnifi.com

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Youtube: @Homnifi

Instagram: @officialHomnifi

Facebook: Homnifi

X: @Homnifi

Telegram: Homnifi