Fiat Republic raises £5.5m in seed extension funding to drive international expansion and strategic hires
The financing round featured participation from Kraken Ventures, Fabric Ventures, and Arca.
Fiat Republic operates a specialist banking as a service platform designed to connect traditional financial institutions with web3 infrastructure. The firm provides multi currency accounts and payment rails through a developer friendly application programming interface.
Fiat Republic has secured £5.5m in a seed extension funding round to accelerate its commercial growth and regulatory footprint. The capital was provided by a syndicate including Kraken Ventures, Fabric Ventures, Arca, Inovo Ventures, and Pretiosum Ventures, alongside returning backers Speedinvest, Credo Ventures, and Seedcamp.
The proceeds will be deployed toward strategic recruitment, deepening banking relationships, and scaling operations into new international jurisdictions. The announcement coincides with the company securing an electronic money institution licence from De Nederlandsche Bank, which permits regulated financial operations across the European Economic Area.
From the founder
"This investment underscores the confidence our investors have in Fiat Republic’s vision and the future trajectory of the company in the financial space. With our newly acquired Dutch EMI licence, Fiat Republic will now operate across the entire European Union, providing e-money and payment services. Passporting from the reputable and credible jurisdiction of the Netherlands not only boosts our legitimacy in the traditional finance world but also highlights our commitment to high compliance standards, security, and close collaboration with regulators. This move, to me, also signals that the Netherlands is open for business ahead of the upcoming MiCA regulation."
Adam Bialy
CEO and co-founder at Fiat Republic
Investor perspective
"Arca is enthusiastic to back Fiat Republic on its mission to bridge the gap between traditional banking and the rapidly growing financial needs of web3 projects. Our investment in Fiat Republic represents a deep belief in making compliant industry standards for individual transactions easy to follow by all market participants, whether you are a crypto platform, bank, or regulator."
Michal Benedykcinski
SVP, Arca
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Kraken Ventures
Anil Hansjee
Fabric Ventures
Michal Benedykcinski
Arca
Inovo Ventures
Pretiosum Ventures
Speedinvest
Credo Ventures
Seedcamp
Categories
About the company
Fiat Republic
Fiat Republic provides banking as a service infrastructure connecting traditional finance with web3 platforms.