The financing round was co-led by SIX Fintech Ventures and FiveT Fintech with participation from MiddleGame Ventures, Mission Gate, and CoinShares.
"The Series A unlocks Coinfirm’s potential in the crypto compliance and analytics space as we expand in a fast-paced growth market. I am excited to be joining Coinfirm in its next step on the journey to power the mass adoption of blockchain whilst we remain committed to delivering the very highest value to our clients and partners."
The financing round was led by Force Over Mass, FMO and NN Group to support the company as it scales operations in Egypt.
"Egypt has around 2.4 million individual businesses and 104 million people, some 67% of whom do not have a bank account, while 94% have no access to credit. The dopay business model engages with business owners in the first instance, meaning they don’t have to attract individual customers. Each company signing up with dopay brings an entire workforce in a single transaction, and this is a very strong growth driver. Their new platform provides frictionless onboarding for employees, while enabling dopay to scale their business at pace."
General Atlantic led the Series E financing round to support the company growth.
"Enterprises need to effectively close information gaps by rapidly transforming operational data into analytics-ready datasets that fuel business intelligence, AI, and ML innovation,"
The seed round was led by Index Ventures with participation from Eka Ventures, Venrex, and Dylan Field.
"It’s all very well to ask people to ‘shop responsibly’, but the reality is that consumers only have the choices that businesses offer, and it’s not fair to put the burden on individuals to constantly sacrifice cost and convenience."
