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Seba Bank collects 110 million Swiss francs


 

Seba Bank is known for its digital wealth offerings. FinTech will now receive 110 million Swiss francs for the expansion. This is intended to strengthen the mainstays in the Asian region.


The Seba Bank from Zurich keeps making headlines with its developments. Now she is causing a stir because she has been awarded around 105 million euros by various investors. In a press release on January 13th, the now four-year-old company wrote that this sum was well above the expected financing target.


Seba flying high

The oversubscribed amount comes largely from a consortium of specialized FinTech and blockchain companies. These included Altive , Ordway Selections , Summer Capital and DeFi Technologies . Alameda Research and FTX also participated in Series C. In addition, regular investor Julius Baer underscored his belief in the company and increased his stake in the bank.


Guido Bühler , CEO of Seba Bank, says: “This financing enables us to further develop our digital asset banking platform and to strengthen our presence around the globe by attracting new talent”.


Last year, the crypto bank appointed a CEO for the Asia-Pacific and Middle East region in order to expand and consolidate its mainstay in Hong Kong, Singapore and Abu Dhabi. These regions will receive even more attention in the future, as Börse Express reports. In addition, the company would like to further increase the “growth of institutional business through investments in product offerings and technologies”. Seba Bank is currently active in 25 markets around the world.


“Synergy effects”: One brings the customers, the other the bank license

The cooperation with the listed technology company DeFi Technologies could be particularly exciting in the future. Russell Starr, CEO of DeFi Technologies, says: “By working with DeFi Technologies, both contractual partners will be able to create value for each other - be it the introduction of new products in the ETP area, a possible joint launch of ETFs, with staking, with custody, or with other options that have not yet been taken. "


To the Seba Bank


The Zurich-based crypto bank Seba was founded in April 2018. 

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