Coinfirm secures £5.8m Series A funding to expand internationally and scale enterprise offerings
The financing round was co-led by SIX Fintech Ventures and FiveT Fintech with participation from MiddleGame Ventures, Mission Gate, and CoinShares.
Coinfirm provides regulatory technology solutions for digital currencies and blockchain networks. The firm offers anti money laundering compliance platforms for financial institutions and crypto market participants.
RegTech provider Coinfirm has secured £5.8m in a Series A financing round co-led by SIX Fintech Ventures and FiveT Fintech. The capital will be deployed to accelerate international expansion into Asian and US markets, alongside strengthening enterprise and financial institution offerings. Additional participation came from MiddleGame Ventures, Mission Gate, and CoinShares.
Alongside the funding announcement, Dr Mircea Mihaescu has stepped into the role of Chief Executive Officer, succeeding founder Pawel Kuskowski. Mihaescu previously served as executive chairman and brings experience in software scaling to the firm. The company has experienced growth in its customer base and recurring revenue over the first half of the year.
From the founder
"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."
Mircea Mihaescu
Chief Executive Officer at Coinfirm
Use of funds
- 01Expand into international markets
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About the company
Coinfirm
Coinfirm provides regulatory technology and compliance platforms for digital currencies.