The firm ended another financing round with $14.5 million from Asia and Switzerland as well as a new director.
Crypto Finance won the funding in a recently-concluded financing round, it said in a statement on Thursday. This brings the total it has raised in its nearly three years to 36 million francs.
Rainer-Marc Frey, a Swiss fund-of-fund billionaire and existing investor in Crypto Finance, led the funding along with Lingfeng Capital, a private equity fund based in Asia. Crypto Finance said several existing and new investors from Europe and Asia, including QBN Capital in Asia, ponied up.
Rivals Hunt for Money
Besides the fresh funding, Lingfeng partner Ming Shu will join Crypto Finance's board. The company said it will put the new funding towards its international expansion as well as product and service development. More than half of its business is with international clients.
Crypto Finance isn't the only digital asset firm that needs to replenish its coffers this year: Bitcoin Suisse, as well as banks Seba and Sygnum, are looking to tap new investors this year, as finews.com reported.
- We'd like to hear from you! Participate in our reader survey by 30 April, and you can win one of five sets of two bottles of wine from Maison Albert Bichot.
