Finoa, a Berlin, Germany-based regulated crypto platform for smart capital allocators, reportedly raised $15m in funding.
The round was co-led by Maven 11 Capital and Balderton Capital with participation from Blue Bay Ventures, Signature Ventures, Coparion, and Venture Stars.
The company intends to use the funds to expand operations, its business reach, and its development efforts.
Led by Christopher May and Henrik Gebbing. Co-Founders & Co–CEOs, Finoa is a regulated custodian for crypto assets, servicing professional investors with custody and staking. The company is licensed as a financial institution for crypto custody, investment brokerage, and proprietary trading of crypto. The platform enables its users to securely store and manage their crypto assets, while providing a directly accessible, intuitive user experience, enabling seamless access to the ecosystem of Decentralized Finance (DeFi). Founded in Berlin in 2018, the company is a licensed financial institution under the German Banking Act (KWG), supervised by the Federal Financial Supervisory Authority – BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht).
Customers include venture capital firms, large corporations, and financial institutions.
FinSMEs
12/01/2024