London-based crypto regtech firm Coinfirm announced the close of its Series A fund raise of US$ 8 million, and has appointed Dr. Mircea Mihaescu as its new Chief Executive Officer.
The funding round was co-led by SIX Fintech Ventures, the corporate venture arm of SIX, and FiveT Fintech, followed by MiddleGame Ventures. Mission Gate and CoinShares also participated in this round.
Alexander Christen, CEO of FiveT Fintech will join Pascal Bouvier, General Partner at MiddleGame Ventures, and Dr. Mircea Mihaescu on Coinfirm’s Board of Directors.
Meanwhile, Maximilian Spelmeyer of SIX Fintech Ventures and Daniel O’Brien of Bird Capital join Coinfirm’s board as non-director members.
The investment will enable Coinfirm to continue its rapid growth trajectory and strengthen its position in the EU as well as enabling the company to expand its offering to the Asian and US markets.
The funding will especially strengthen the firm’s enterprise and financial institution offering, to complement its strong offering for crypto market participants.
Additionally, Dr. Mircea Mihaescu joined the company earlier this year as Executive Chairman, and now steps into the CEO role, to lead the firm with his wealth of knowledge in SaaS scaling for emerging and financial technology companies.
“The Series A unlocks Coinfirm’s potential in the crypto compliance and analytics space as we expand in a fast-paced growth market.
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.”
said Dr. Mircea Mihaescu, CEO of Coinfirm.
Featured image: Screengrab from Coinfirm Youtube
