Coinfirm Secures £ 5.8 Series A Investment Jointly Led by SIX Fintech Ventures and FiveT Fintech – UK Tech Investment News

CoinfirmRegTech, Global Leader of Digital Currency and Blockchain-Based Financial Ecosystem, announces the successful end of US $ 8 million Series A funding and welcomes Dr. Mircea Mihaescu as the new CEO. society.

This investment will allow Coinfirm to continue its rapid growth trajectory, strengthen its market-leading position in the EU and expand its offerings to the Asian and US markets. Financing strengthens the offerings of companies and financial institutions in particular to complement their strong offerings to crypto market participants.

Series A is co-led by SIX’s corporate venture divisions, SIX Fintech Ventures, FiveT Fintech, followed by MiddleGame Ventures. Mission Gate and CoinShares also participated in this round. In addition, Pawel Kuskowski will pass the baton to Dr. Mircea Mihaescu as CEO of Coinfirm. Dr. Mircea Mihaescu joined the company earlier this year as Chairman and now serves as CEO, leading the company with extensive knowledge of SaaS scaling for emerging and financial technology companies.

“Series A unleashes Coinfirm’s potential in the areas of crypto compliance and analytics as it expands into a rapidly growing market. Joining Coinfirm is the next step in promoting blockchain mass adoption. We are pleased to be part of it, while we continue to strive to provide the best value to our clients and partners. ”– Dr. Mircea Mihaescu, CEO of Coinfirm

In the first half of 2021, Coinfirm almost doubled the number of SaaS customers and increased MRR by more than 70%. In addition to creating a number of industry-leading crypto compliance solutions for the fast-growing decentralized financial sector, the company has added new key features to its flagship product, the AML platform.

Alexander Christen, CEO of FiveTFintech, will join Pascal Bouvier, General Partner of MiddleGame Ventures, and Dr. Mircea Mihaescu of Coinfirm’s Board of Directors. Maximilian Spelmeyer of SIX Fintech Ventures and Daniel O’Brien of Bird Capital have joined Coinfirm’s board of directors as part-time members.

About Coinfirm

Coinfirm’s AML platform for crypto assets empowers blockchain mass adoption by protecting next-generation FinTech from ransomware hacking, trafficking, sanctions evasion, risk scoring entities, addresses, and transactional terrorist financing. Promoting. Coinfirm’s risk management platform is used by governments, financial institutions, custodians, payment providers, investment funds and exchanges.

Over 1,500 protocols that support the AML platform utilize over 330 unique risk algorithms to provide a seamless and scalable solution to the stringent regulatory requirements of both CeFi and DeFi.

Founded in 2016, Coinfirm is headquartered in London, England, with offices in Warsaw and Torun in Poland and Tokyo, Japan. More than 250 entities trust their companies to provide RegTech solutions to stay compliant with the FATF guidance. See below for more information.

About SIX FinTech Ventures:

SIX FinTech Ventures is the VC division of Swiss financial market infrastructure provider SIX, which aims to enhance the innovation and competitiveness of Swiss and Spanish financial centers, by investing in early global startups. .. SIX FinTech Ventures invests in scalable seed and Series A stage companies that can grow into segment leaders. See below for more information.

About FiveT Fintech:

FiveT Fintech invests in and supports leading entrepreneurs who redesign financial services through digitalization and the use of cutting-edge technology. Formerly known as Avaloq Ventures, we work closely with the Avaloq ecosystem of over 150 established banks, spanning 30 countries and with client assets of over $ 4.5 billion. FinTech has more than 120 start-ups. At the forefront of financial innovation, FiveTFintech helps banks and financial services providers enter new territories and provide early-stage fintech companies with a platform for prosperity and expansion. See below for more information.

— End of release —

Coinfirm official link:

Press contacts and inquiries:

Sachin Dutta

Coinfirm, Marketing Officer

[email protected]

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Coinfirm Secures £ 5.8 Series A Investment Jointly Led by SIX Fintech Ventures and FiveT Fintech – UK Tech Investment News

Source link Coinfirm Secures £ 5.8 Series A Investment Jointly Led by SIX Fintech Ventures and FiveT Fintech – UK Tech Investment News

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