Crypto Finance Secures Series B funding
- The Swiss firm completes another funding round, raising CHF 14 million
Swiss holding company Crypro Finance AG has closed a CHF 14 million Series B Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term led by renowned Swiss investor Rainer-Marc Frey and the Asian-based private equity fund Lingfeng Capital.
A number of existing and new investors joined from across Europe and Asia, including Asian-based QBN Capital.
Crypto Finance AG engaged PricewaterhouseCoopers to introduce investors with the right strategic focus and expertise for this Asia Pacific funding round.
With this new capital, the total funding raised for Crypto Finance is CHF 36 million. The Crypto Finance Group continues to grow despite the current challenges posed by Covid-19.
“I am excited to share our Series B funding news. It lets us continue with our vision and strategy to provide market-leading, professional crypto asset management, trading, and infrastructure,” said Jan Brzezek, CEO and Founder of Crypto Finance AG.
“The robust financial regulatory field and vibrant crypto community attracted QBN to invest in Switzerland. Crypto Finance AG is one of the best in its ranks. Digital asset trading is here to stay, and we can learn from Swiss experience,” Dr Frank Tong of QBN Capital, said.
"We look forward to building a Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term between Europe and Asia with Crypto Finance, and the convergence of traditional and digital asset classes,” Dr Ming Shu, Lingfeng Capital, notes.
With just over 50% of overall Group business linked to international clients, Crypto Finance will commit the new funding to continued international expansion and product and service development.
New Board member
Brzezek and the Board of Directors at Crypto Finance AG also announced that Dr Ming Shu, Partner with Lingfeng Capital, will be proposed as a new member of the Board of Directors at the Annual General Assembly.
Dr Shu has a deep regulatory and industry network and extensive operational experience with multinational financial institutions, including both Henderson Global Investors and Alibaba. Lingfeng Capital brings a strong added value to European fintechs expanding into Asia.
Swiss holding company Crypro Finance AG has closed a CHF 14 million Series B Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term led by renowned Swiss investor Rainer-Marc Frey and the Asian-based private equity fund Lingfeng Capital.
A number of existing and new investors joined from across Europe and Asia, including Asian-based QBN Capital.
Crypto Finance AG engaged PricewaterhouseCoopers to introduce investors with the right strategic focus and expertise for this Asia Pacific funding round.
With this new capital, the total funding raised for Crypto Finance is CHF 36 million. The Crypto Finance Group continues to grow despite the current challenges posed by Covid-19.
“I am excited to share our Series B funding news. It lets us continue with our vision and strategy to provide market-leading, professional crypto asset management, trading, and infrastructure,” said Jan Brzezek, CEO and Founder of Crypto Finance AG.
“The robust financial regulatory field and vibrant crypto community attracted QBN to invest in Switzerland. Crypto Finance AG is one of the best in its ranks. Digital asset trading is here to stay, and we can learn from Swiss experience,” Dr Frank Tong of QBN Capital, said.
"We look forward to building a Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term between Europe and Asia with Crypto Finance, and the convergence of traditional and digital asset classes,” Dr Ming Shu, Lingfeng Capital, notes.
With just over 50% of overall Group business linked to international clients, Crypto Finance will commit the new funding to continued international expansion and product and service development.
New Board member
Brzezek and the Board of Directors at Crypto Finance AG also announced that Dr Ming Shu, Partner with Lingfeng Capital, will be proposed as a new member of the Board of Directors at the Annual General Assembly.
Dr Shu has a deep regulatory and industry network and extensive operational experience with multinational financial institutions, including both Henderson Global Investors and Alibaba. Lingfeng Capital brings a strong added value to European fintechs expanding into Asia.