Connect with us

Hi, what are you looking for?

Loan And Finance

Crypto regtech Coinfirm raises $8; appoints Mircea Mihaescu CEO

rsz dsc 0092

Coinfirm, a regtech targeting digital currencies and blockchain-based finance, has raised $8 million in funding and appointed industry veteran Mircea Mihaescu as CEO.

The Series A round was co-led by SIX Fintech Ventures and FiveT Fintech (a venture fund recently spun out of core banking vendor Avaloq in a management buy out), with participation from MiddleGame Ventures, Mission Gate and CoinShares.

London-based Coinfirm claims governments, financial institutions, custodians, payment providers, investment funds and exchanges among the clients for its AML and risk management technology for crypto assets and the wider blockchain-based financial ecosystem.

The funding will be used to consolidate Coinfirm’s position in the EU and to expand its offering to the Asian and US markets. In particular, the company will focus on building out its enterprise and financial institution offering.

Meanwhile, co-founder Pawel Kuskowski is handing over the CEO baton to Mihaescu, who has been executive chairman since earlier this year.

In a 30 year career, Mihaescu has been a banker in both North America and Russia, a VC, an IBM executive, an academic and a fintech startup founder.

Says Mihaescu: “I am excited to be joining Coinfirm in its next step on the journey to power the mass adoption of blockchain whilst we remain committed to delivering the very highest value to our clients and partners.”


Source link

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply


Top Stories

Coinbase is expanding its operations into various countries in Europe amid a “crypto winter.” Despite laying off numerous employees and rescinding job offers, Coinbase’s...

Top Stories

African degens are on a journey to the moon. With crypto, African people’s savings are hedged against insane inflation levels, they can find employment...

Top Stories

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption...

Top Stories

Crypto exchange Binance has signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement. Binance...

Top Stories

When cryptocurrencies like Bitcoin (BTC) go through bear phases like the one we currently find ourselves in, the idea of earning passive income from...

Online Business Success

A representational image of the Federal Board of Revenue building. — APP/File The Federal Board of Revenue (FBR) announced that the last date for...


You May Also Like


Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...