CoinShares is investing $ 11.8 million in the online bank FlowBank, which was founded in Switzerland in 2020. There are other plans.
More positive crypto news from Switzerland. FlowBank can look forward to an 11.8 million US dollar investment from CoinShares. CoinShares acquired a total of 111,000 shares in the online bank, which corresponds to 9.02 percent of the expanded share capital.
Charles-Henri Sabet, Founder and CEO of FlowBank, commented:
One year after its successful founding and rapid growth, FlowBank is proud to announce that CoinShares … has become a new strategic investor. Because this reaffirms FlowBank’s commitment to pushing the boundaries of traditional investments. By providing easy-to-use and trustworthy access routes to traditional and decentralized finance for its customers.
Charles-Henri Sabet, Founder and CEO
Jean-Marie Mognetti, Co-Founder and CEO of CoinShares, also comments on the latest investment:
FlowBanks and our vision for the banking and investment industry fit together perfectly and will serve both companies as fertile ground for a successful partnership. It is a pleasure for us to become a strategic shareholder with Charles-Henri Sabet and his team. This enables us to support Flowbank in realizing its growth ambitions.
Jean-Marie Mognetti, Co-Founder and CEO of CoinShares
FlowBank plans expansion
The financial services provider was founded in 2020 and wants to make the financial markets accessible to everyone. To achieve this, the online bank offers, among other things, trading courses or is developing its own investment platform. In the press release speaks the bank on further projects and the use of the fresh capital:
FlowBank wants to revolutionize online banking soon beyond the Swiss borders and is planning international expansion. The collaboration with CoinShares, Europe’s largest and best-established provider of digital investment solutions, underscores FlowBank’s mission. We want to offer our customers a seamless and innovative banking and investment experience – without forgetting the Swiss banking tradition.