The Seba Bank of Zurich continues to be in the news with its novelties. Now he is causing a stir because several investors have awarded him around 105 million euros. In a press release on January 13, the company, now four years old, wrote that this sum was well above the expected funding target.
Seba flying high
The oversubscribed amount comes largely from a consortium of companies specializing in FinTech and blockchain. These included Altive, Ordway Selections, Summer Capital, and DeFi Technologies. Alameda Research and FTX also participated in Series C. In addition, regular investor Julius Baer highlighted his confidence in the company and increased his stake in the bank.
Guido Bühler, CEO of Seba Bank, says: “This financing enables us to further develop our digital asset banking platform and strengthen our presence around the world by attracting new talent.”
Last year, the crypto bank appointed a CEO for the Asia-Pacific and Middle East region to expand and consolidate its mainstay in Hong Kong, Singapore, and Abu Dhabi. These regions should receive even more attention in the future, such as Express Bag informed. In addition, the company would like to further increase “institutional business growth through investments in product and technology offerings.” Seba Bank is currently active in 25 markets around the world.
“Synergy effects”: one brings the clients, the other the banking license
Cooperation with the publicly traded technology company DeFi Technologies could be particularly exciting in the future. Russell Starr, CEO of DeFi Technologies, says: “By working with DeFi Technologies, both contractual partners will be able to create value for each other, whether it be the introduction of new products in the ETP area, a possible joint ETF launch, with rethinking , with custody, or with other options that have not yet been made.
To the Seba Bank
Zurich-based crypto bank Seba was founded in April 2018. Since then, BTC-ECHO has reported several times on its developments. For example, when it became the first crypto bank focused on digital assets to launch a CISA in September 2021. [KAG] –Received a license from the recognized supervisory authority FINMA. Seba Bank currently offers the following currencies: BTC, ETH, DOT, LTC, XTZ, ADA, XLM, USDC, BCH, SNX, UNI, YFI, LINK, AAVE, CHF, USD, GBP, EUR, HKD, SGD, PLN, GUAY.
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