4 years ago

Coinfirm Secures $8 Million in Series A Funding Led by Six Fintech Ventures and FiveT Fintech

  • Coinfirm, a global leader in RegTech for digital currencies, closed an $8 million Series A funding round co-led by Six Fintech Ventures and FiveT Fintech

  • The company plans to use the funds for growth in the EU, expansion into Asian and US markets, and strengthening its offering for financial institutions

  • Coinfirm, founded in 2016, is headquartered in London with offices in Poland and Japan

  • Dr

  • Mircea Mihaescu, recently appointed CEO, will lead the company's growth strategy.

      • ProblemTechnology Infrastructure

      "Making sure that crypto transactions are safe and compliant with regulations is a major challenge for financial institutions and businesses, as they need to prevent money laundering, terrorist financing, and other illicit activities. Crypto transactions are difficult to trace and can be used to hide the origin of funds. This makes it hard for financial institutions and businesses to comply with KYC/AML regulations."

      Solution

      "Coinfirm provides a risk management platform for crypto assets, allowing them to assess the risk of transactions and users. Their software analyzes vast amounts of data to identify potentially risky transactions, helping financial institutions to comply with KYC/AML regulations, and prevent fraud and other financial crimes."

      Covered on