Coinfirm, a London, UK-based global RegTech leader for digital currencies and the blockchain-based financial ecosystem, closed $ 8 million in Series A funding.
The round was co-led by Six Fintech Ventures, the venture capital arm of SIX, and FiveT Fintech, followed by MiddleGame Ventures. Mission Gate and CoinShares also participated in this round.
The company intends to use the funds to continue its growth trajectory in the EU, expand its offering to the Asian and American markets and strengthen the offering of businesses and financial institutions, in order to complement its offering for players. of the crypto market.
Led by newly appointed CEO Dr Mircea Mihaescu, Coinfirm provides a risk management platform for crypto assets. It is fueling mass blockchain adoption by protecting the next generation of FinTechs from ransomware hacks, human trafficking, sanction evasion and terrorist financing through entities, addresses and rating transactions. risks.
Coinfirm is used by governments, financial institutions, depositories, payment providers, investment funds, and exchanges. The AML platform supporting over 1,500 protocols uses over 330 proprietary risk algorithms to provide a seamless and scalable solution to the stringent regulatory requirements for CeFi and DeFi.
Founded in 2016, the company is headquartered in London, UK, and retains offices in Warsaw and Torun, Poland and Tokyo, Japan.
Pawel Kuskowski will hand over to Dr Mircea Mihaescu as CEO of Coinfirm. Dr Mihaescu joined the company earlier this year as Executive Chairman and now serves as CEO. Along with the financing, Alexander Christen, CEO of FiveT Fintech, will join Pascal Bouvier, general partner of MiddleGame Ventures, and Dr Mircea Mihaescu on the board of Coinfirm. Maximilian Spelmeyer of SIX Fintech Ventures and Daniel O’Brien of Bird Capital join Coinfirm as non-director members.