Coinfirm Raises $8m in Series A Funding Round

Coinfirm, the global leader in RegTech for digital currencies and the blockchain-based financial ecosystem, announced yesterday the successful close of its Series A fund raising of USD 8 million, which was co-led by SIX Fintech Ventures, FiveT Fintech and MiddleGame Ventures with participation from Mission Gate and CoinShares.

The investment will enable Coinfirm to continue its rapid growth trajectory and strengthen its market-leading position in the EU as well as enabling the company to expand its offering to the Asian and US markets. The funding will especially strengthen the firm's enterprise and financial institution offering, to complement its strong offering for crypto market participants.

"The Series A unlocks Coinfirm's potential in the crypto compliance and analytics space as we expand in a fast-paced growth market. I am excited to be joining Coinfirm in its next step on the journey to power the mass adoption of blockchain whilst we remain committed to delivering the very highest value to our clients and partners." – Dr. Mircea Mihaescu, CEO of Coinfirm

In the first half of 2021 Coinfirm almost doubled the SaaS customer count whilst the company grew MRR by over 70%. The firm has added on new, critical, features to the firm's flagship product, the AML Platform, in addition to creating a number of industry-leading crypto compliance solutions for the burgeoning decentralized finance sector.