The Seba Bank from Zurich always makes headlines with their developments. Now she is causing a stir because she has been awarded around 105 million euros by various investors. In a press release On January 13, the now four-year-old company wrote that this sum was well above the financing target that was actually expected.
Seba flying high
The oversubscribed amount comes largely from a consortium of specialized FinTech and blockchain companies. Among them were found alternative, Ordway Selections, Summer Capital and DeFi Technologies. Also Alameda Research and FTX participated in Series C. In addition, regular investor Julius Baer also underscored their belief in the company and increased its stake in the bank.
Guido Buehler, CEO of Seba Bank, says: “This financing enables us to further develop our digital asset banking platform and strengthen our presence around the globe by attracting new talent”.
Last year, the crypto bank appointed a CEO for the Asia-Pacific and Middle East region to expand and consolidate its foothold in Hong Kong, Singapore and Abu Dhabi. These regions should benefit from even more attention in the future Exchange Express reported. In addition, the company wants to further increase the “growth of the institutional business through investments in product offerings and technologies”. Seba Bank is currently active in 25 markets worldwide.
“Synergy effects”: One brings the customers, the other the bank license
Especially the cooperation with the listed technology company DeFi Technologies could be exciting in the future. Russell Starr, CEO of DeFi Technologies, says: “By working together with DeFi Technologies, both contractual partners will be able to create value for each other – be it the launch of new products in the ETP area, a possible joint launch of ETFs, in staking, in custody, or in other options that have not yet been explored.”
To the Seba Bank
Zurich-based crypto bank Seba was founded in April 2018. Since then, BTC-ECHO has reported on their developments several times. For example, when in September 2021 they became the first crypto bank with a focus on digital assets to issue a CISA [KAG] –License granted by the renowned supervisory authority FINMA. Seba Bank currently offers the following coins: BTC, ETH, DOT, LTC, XTZ, ADA, XLM, USDC, BCH, SNX, UNI, YFI, LINK, AAVE, CHF, USD, GBP, EUR, HKD, SGD, PLN, JPY.
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