James is a founding partner at Valar Ventures. He previously served as chief operating officer at Thiel Capital and general counsel at Clarium Capital Management.
Valar Ventures led the seed financing alongside participants BNY Mellon, Third Prime and Gaingels to support product development.
"We’re proud to support AbbeyCross in their seed funding round. Their mission to improve execution quality and transparency for Emerging Markets is aligned to our desire to continue improving the FX market for our clients. It reflects our commitment to emerging technology partnerships that accelerate market structure enhancements and enable us to better serve our clients. We look forward to working with the AbbeyCross team and other market participants to unlock this potential."
— Jason Vitale, Global Head of Foreign Exchange, Fixed Income, Equities & Capital Markets
The financing round was led by Peter Thiel's Valar Ventures to support the platform's separation from Bitpanda and its development as an independent exchange.
"given its potential, we also knew and planned that its success would naturally make it evolve to become its own business."
Valar Ventures led the seed round with participation from Passion Capital and Leo Capital.
"For businesses on the high street, every penny counts. Businesses need fairer solutions that improve cash flow and keep prices down for their customers. Open banking payments with Atoa could make a significant impact to their bottom line."