Cerchia, a Zug, Switzerland-based fintech company that is building a capital markets platform to create an efficient, transparent, and compliant solution for direct risk transfer between reinsurers and investors, raised CHF 1.3M in funding.
The round was led by HTGF and private investors.
The company intends to use the funds to accelerate growth and expand operations.
Founded in 2020 by Michael Rey (CEO) and Dr. Fabian Buchmann (COO), Cerchia enables direct risk transfer between investors and buyers of insurance coverage (e.g. reinsurers or corporates). The company has developed a proprietary direct risk transfer platform (DRTTM) on the Zilliqa Blockchain. Its team is going to launch the first product in spring 2023 to provide uncorrelated returns and climate risks hedge.
FinSMEs
24/01/2023
About Cerchia
www.cerchia.io