Crypto bank SEBA raised $120 million investment
With the support of the partners and shareholders, the bank is stepping up its expansion into new regions
13.01.2022 - 08:40
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What’s new? The official Twitter account of the SEBA cryptocurrency bank has published the news about the successful completion of the Series C funding round. In total, the bank managed to raise 110 million CHF (about $120 million) in investments from the large funds and current partners.
🔉 SEBA Bank Raises CHF 110 Million In Series C Funding To Fuel International Growth And Drive Institutional Business 🚀Read the full media release here: 📄 https://t.co/Qj4gieQQCD pic.twitter.com/Nk3EiD1BRe— SEBA Bank AG (@WeAreSEBA) January 12, 2022
“SEBA raises 110 million CHF in Series C funding to fuel international growth and drive the bank's institutional business.”
Who participated? The round was led by funds such as DeFi Technologies, Altive, Summer Capital, and Ordway Selections with the participation of Alameda Research and Julius Baer.
What will the funds be used for? The funding raised will be used by the bank to expand its business in Singapore and Hong Kong, as well as the UAE and other Middle Eastern countries. As a part of its strategy, SEBA will double its staff and work on launching new products for the bank’s current and new clients.
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