- DeFi Technologies, a technology company bridging the gap between traditional capital markets and decentralized finance, is co-leading the round with an investment of CHF25 million and will also receive a seat on SEBA Bank’s Board of Directors.
- Successful financing round is over-subscribed at CHF110 mln and is co-led by a consortium of specialized blockchain and fintech investors, including Altive, Ordway Selections, and Summer Capital. Alameda Research, a leading quantitative trading firm and core partner of FTX, also participated in the round.
- SEBA funding to fuel expansion in APAC and the Middle East and to drive institutional business growth through investment in product offering and technology
- Round was significantly oversubscribed, with existing investors, including Julius Baer , increasing their investment, reinforcing the future-proof business model of SEBA as bank of the new economy
SEBA Bank, a fully integrated, FINMA licensed digital assets banking platform, today announced that it has closed a successful Series C funding round, raising CHF 110 million. The round was comprised of a consortium of specialized blockchain and fintech investors, co-led by DeFi Technologies (NEO: DEFI) (GR: RMJ.F) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, with an investment of CHF25 million. As part of the investment, DeFi Technologies will also receive a seat on SEBA Bank’s Board of Directors. Other funding partners included Altive, Ordway Selections, and Summer Capital. Alameda Research, a leading quantitative trading firm and core partner of FTX, also participated in the round. The round was significantly oversubscribed, with demand far exceeding the initial funding target. Existing investors, including Julius Baer, increased their positions in the funding round.
To view the full press release, visit https://nnw.fm/Kifdx
About DeFi Technologies Inc.
DeFi Technologies is a digital asset investment firm bridging the gap between traditional capital markets and decentralized finance. Its mission is to expand investor access to industry-leading decentralized technologies and the future of finance. The company believes that decentralized technologies lie at the heart of financial innovation. On behalf of its shareholders and investors, DeFi Technologies identifies opportunities and areas of innovation, and builds and invests in new technologies and ventures in order to provide diversified exposure across decentralized finance. As a trusted partner for its clients and investors, the company provides industry-leading products and top-quality research and education in this fast-growing space. For more information, visit the company’s website at www.DeFi.tech.
NetworkNewsAudio, a service of NetworkNewsWire (NNW), allows you to sit back and listen to market updates, interviews and company press releases. NetworkNewsAudio keeps you informed on publicly traded companies we’re watching. The audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio is a Brand Awareness Distribution Solution from NetworkNewsWire.
For more information, visit www.NetworkNewsAudio.com
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.