SEBA Bank secures successful Series C funding round
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SEBA Bank secures successful Series C funding round 14 January 2022Switzerland Reporter: Jenna Lomax
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SEBA Bank (SEBA), the FINMA licensed digital assets banking platform, has secured a successful Series C funding round, raising CHF 110 million (£8.8 million).
The funding round was initiated to accelerate SEBA’s innovation in its digital asset banking and investment services.
The round was co-led by a consortium of specialised blockchain and fintech investors, including DeFi Technologies, one of the first publicly listed blockchain investment companies for traditional investors specialising in decentralised finance.
Alameda Research, a global cryptocurrency quantitative trading firm and liquidity provider, as well as a partner of FTX, also participated in the round. Existing investors, including Julius Baer, increased their positions in the funding round.
SEBA Bank currently supports more than 25 markets globally, having strengthened its presence in Asia Pacific (APC) earlier this year, by appointing an APAC CEO Sam Lin to solidify its presence in Hong Kong and Singapore.
The bank also expanded in the Middle East with the opening of a dedicated office in Abu Dhabi.
Commenting on the funding round, Guido Buehler, CEO at SEBA Bank, says: “With the support of such a strong group of investors SEBA Bank is privileged to access a wide range of new skills and capabilities to fast-forward our growth plans. This funding will allow us to further develop our digital asset banking platform and strengthen our presence in markets across the globe by attracting new talent.”
Russell Starr, CEO of DeFi Technologies, comments: “Our investment in SEBA Bank is both a testament to SEBA Bank’s industry leading digital asset banking services and the importance of blockchain as a core technology in the future development of our financial system.”
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