Finoa, a Berlin-based company, secures $15 million. Balderton Capital and Maven 11 Capital co-led the investment, with participation from Coparion, Venture Stars, Blue Bay Ventures, and Signature Ventures.
The funds will be utilised by the company to advance its development initiatives, penetrate new markets, and increase operations. Led by Christopher May and Henrik Gebbing. Co-Founders and Co-CEOs, Finoa is a regulated cryptocurrency asset custodian that provides custody and staking services to accredited investors.
The business holds financial institution licences for cryptocurrency custody, investment brokerage, and in-house cryptocurrency trading.
The platform offers a user-friendly interface that makes it easy for users to access the Decentralised Finance (DeFi) ecosystem while safely keeping and handling their cryptocurrency holdings.
The company was founded in Berlin in 2018 and is overseen by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), which is responsible for issuing licences under the German Banking Act (KWG).
Finoa GmbH is a registered custodian for crypto assets, supporting professional investors with custody and staking. The business holds financial institution licences for cryptocurrency custody, investment brokerage, and in-house cryptocurrency trading.