SEBA Bank, a digital assets firm with a Swiss banking license from FINMA, announced that it has raised CHF 110 million in a significantly oversubscribed Series C funding round.
The round was co-led by Altive, Ordway Selections, and Summer Capital, as well as DeFi Technologies, a NEO listed leader in decentralised finance.
Alameda Research, a global cryptocurrency quantitative trading firm and liquidity provider, as well as core partner of FTX, also participated in the round
Existing investors, including Julius Baer, increased their positions in the funding round.
SEBA Bank said that this funding round will further accelerate the considerable growth that it has achieved over the past year.
The firm is currently supporting over 25 markets globally, having strengthened its presence in APAC earlier this year by appointing Sam Lin as CEO of Asia to solidify its presence in Hong Kong and Singapore; along with other priority markets in the Middle East including a dedicated office in Abu Dhabi.
SEBA Bank also deepened its executive talent with a number of appointments to its senior leadership team, and will further grow its headcount and expand into new markets.
Guido Buehler
Guido Buehler, CEO at SEBA Bank, said,
“With the support of such a strong group of investors, offering depth and breadth across the domains of finance, fintech, and blockchain, SEBA Bank is privileged to access a wide range of new skills and capabilities to fast-forward our growth plans.
This funding will allow us to further develop our digital asset banking platform and strengthen our presence in markets across the globe by attracting new talent.”
The post SEBA Bank Raises CHF 110 Million in Series C Fundraise appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.
Comments