Stanhope Financial Group Secures $10 Million Funding from Gate.io
- The crypto trading platform led a Series A funding round.
- This funding will be used to develop the group's product offerings.
On Thursday, Gate.io, a cryptocurrency trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, announced that its venture capital firm Gate Ventures led a $10 million Series A funding round for Stanhope Financial Group. According to the press release, a portion of this funding will be used to develop its product offerings, strengthen its management team, expand its market share, and prepare for SH Digital, which is the upcoming affiliate digital assets division of the launch company.
Stanhope Financial Group has seen significant growth within its business divisions since it began operations in October 2021. Its SH Payments division, licensed as an Electronic Money Institution, provides businesses with global banking solutions for sending and receiving money efficiently.
CEOs Statements
“Our suite of Tier 1 banking services has been specifically developed to enable ambitious businesses to make faster, more effective payments, access investment products and embrace digital trading with complete confidence. For too long, fast-growing SMEs have been overlooked by the established banks and institutions, and we’re here to change that. This major 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 will go directly towards expanding our expertise, developing new products and offering companies access to all the services they need to thrive, but have been denied,” Kevin von Neuschatz, the Group CEO of Stanhope Financial Group, commented.
Mohit Davar, the Executive Chairman of Stanhope Financial Group, added: "These are exciting times for Stanhope Financial Group, and this investment will enable us to further expand our key divisions which have already made huge inroads into the market. I want to take this opportunity to thank all investors, especially Gate Ventures, for the confidence they have shown in the team to continue to deliver on its strategic plans and create tremendous shareholder value."
Yesterday, as a means of expanding its reach, Gate.io launched an institution services division. The new entity, Gate Institutional, will provide services to market makers and brokers.
On Thursday, Gate.io, a cryptocurrency trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, announced that its venture capital firm Gate Ventures led a $10 million Series A funding round for Stanhope Financial Group. According to the press release, a portion of this funding will be used to develop its product offerings, strengthen its management team, expand its market share, and prepare for SH Digital, which is the upcoming affiliate digital assets division of the launch company.
Stanhope Financial Group has seen significant growth within its business divisions since it began operations in October 2021. Its SH Payments division, licensed as an Electronic Money Institution, provides businesses with global banking solutions for sending and receiving money efficiently.
CEOs Statements
“Our suite of Tier 1 banking services has been specifically developed to enable ambitious businesses to make faster, more effective payments, access investment products and embrace digital trading with complete confidence. For too long, fast-growing SMEs have been overlooked by the established banks and institutions, and we’re here to change that. This major 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 will go directly towards expanding our expertise, developing new products and offering companies access to all the services they need to thrive, but have been denied,” Kevin von Neuschatz, the Group CEO of Stanhope Financial Group, commented.
Mohit Davar, the Executive Chairman of Stanhope Financial Group, added: "These are exciting times for Stanhope Financial Group, and this investment will enable us to further expand our key divisions which have already made huge inroads into the market. I want to take this opportunity to thank all investors, especially Gate Ventures, for the confidence they have shown in the team to continue to deliver on its strategic plans and create tremendous shareholder value."
Yesterday, as a means of expanding its reach, Gate.io launched an institution services division. The new entity, Gate Institutional, will provide services to market makers and brokers.