SEBA Bank raises USD 120 mln in Series C

Thursday 13 January 2022 11:40 CET | News

SEBA Bank, a digital assets firm with a Swiss banking license from FINMA, has announced that it has raised CHF 110 million (USD 120 million) in an oversubscribed Series C funding round.

The round was co-led by Altive, Ordway Selections, and Summer Capital, as well as DeFi Technologies, a NEO listed player in decentralised finance. Alameda Research, a global cryptocurrency quantitative trading firm and liquidity provider, as well as core partner of FTX, also participated in the round.

SEBA Bank said that this funding round will accelerate the growth that it has achieved over the past year. The firm is currently supporting 25+ markets globally, having strengthened its presence in APAC earlier this year, along with other priority markets in the Middle East including a dedicated office in Abu Dhabi.

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Keywords: funding, online banking, digital assets, digital banking
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Switzerland
This article is part of category

Banking & Fintech