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Crypto Finance completes Series B funding

Source: Crypto Finance

Crypto Finance AG successfully completed its Series B investment round, raising CHF 14 million in new funding.

With this new capital, the total funding raised for Crypto Finance is CHF 36 million, and the Crypto Finance Group can continue to grow despite current challenges posed by Covid-19. This is an achievement and testimony to the Crypto Finance track record and strategy. Jan Brzezek, CEO and Founder of Crypto Finance AG, expressed: “I am excited to share our Series B funding news. It lets us continue with our vision and strategy to provide market-leading, professional crypto asset management, trading, and infrastructure.”

The financing round was led by renowned Swiss investor Rainer-Marc Frey and the Asian-based private equity fund Lingfeng Capital. Several existing and new investors joined from across Europe and Asia, including Asian-based QBN Capital. For this funding round for Asia Pacific, Crypto Finance AG engaged PricewaterhouseCoopers Limited to successfully introduce investors with the right strategic focus and expertise.

“The robust financial regulatory field and vibrant crypto community attracted QBN to invest in Switzerland. Crypto Finance AG is one of the best in its ranks. Digital asset trading is here to stay, and we can learn from Swiss experience”, says Dr Frank Tong of QBN Capital.

Dr Ming Shu, Lingfeng Capital, concurred: “The team at Lingfeng is very impressed with the Crypto Finance AG management and operations. This opportunity brings us exposure to the promising crypto asset fintechs working within the regulatory framework and a partner with traditional finance sector experience. We look forward to building a bridge between Europe and Asia with Crypto Finance, and the convergence of traditional and digital asset classes.”

With just over 50% of overall Group business linked to international clients, Crypto Finance will commit the new funding to continued international expansion and product and service development. This focus reinforces the secure, reliable crypto asset operations that the Crypto Finance Group provides today to a growing variety of institutional and professional investors.

Jan Brzezek and the Board of Directors at Crypto Finance AG are pleased to announce that Dr Ming Shu, Partner with Lingfeng Capital, will be proposed as a new member of the Board of Directors at the Annual General Assembly. Dr Shu has a deep regulatory and industry network and extensive operational experience with multinational financial institutions, including both Henderson Global Investors and Alibaba. Lingfeng Capital brings a strong added value to European fintechs expanding into Asia.

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