Swiss crypto bank SEBA will attract $ 103 million of new capital

Swiss crypto bank SEBA will attract $ 103 million of new capital

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Switzerland-based regulated cryptocurrency bank SEBA is planning a second phase of fundraising in the amount of 100 million Swiss francs ($ 103.37 million), according to Financial News London.

SEBA expects to attract funds from new investors, including “financial institutions, family offices and individuals,” the publication said.

SEBA Crypto AG startup founded by ex-UBS employees in 2018 attracted 100 million Swiss francs to launch the crypto bank. Last August, the company received a banking license from the Swiss Financial Market Supervisory Authority (FINMA).

In November, a regulated cryptocurrency bank called SEBA Bank AG began operations in Switzerland.

Earlier, the bank announced the start of customer service in nine more countries. These included Singapore, Hong Kong, the United Kingdom, Italy, Germany, France, Austria, Portugal and the Netherlands.

Swiss crypto bank SEBA will attract $ 103 million of new capital

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