Powering the mass adoption of blockchain with Coinfirm’s leading AML Risk Management Platform


Zug, October 2021. BV Ventures announces a follow-on investment in its portfolio company Coinfirm, the leader in RegTech for digital currencies and the blockchain-based financial ecosystem. BVV participated in the second tranche of the current USD8M Series A fundraise, co-led by SIX Fintech Ventures and FiveT Fintech, with MiddleGame Ventures, Mission Gate and CoinShares participating too.

Founded in early 2016 by experienced compliance, technology and finance professionals, Coinfirm has grown to become a globally recognized RegTech firm. Coinfirm’s industry leading risk management platform creates a safer blockchain economy by being at the forefront of innovation in crypto AML compliance and analytics. With offices in the UK, Poland, Canada and Japan, Coinfirm supports financial inclusion projects, combatting human trafficking and safeguarding the world’s digital economy. The company’s solutions are deployed by market leaders ranging from crypto exchanges to major financial institutions.

The investment capital will be used to continue developing Coinfirm’s cutting-edge enterprise and financial institution offering. This fundraise will enable Coinfirm to further accelerate its growth trajectory by strengthening its leading market position in Europe as well as expanding to the Asian and US markets.

Mircea Mihaescu, CEO of Coinfirm, commented: “BVV has been one of the very early backers of Coinfirm recognising our strong potential from the very beginning of our journey. As we enter our next phase of growth, I am delighted to see their continued support and the trust they place in Coinfirm. I look forward, together with our partners, to scale our business further, accelerate growth and consolidate our position as a leader in the crypto compliance and analytics space, safeguarding the world’s digital economy.”

Paolo Guida, Head of Investments at BVV commented, “As one of the early investors in Coinfirm, we at BVV have always been supporting Coinfirm’s vision of building a safer and more inclusive blockchain-based financial ecosystem. I am very pleased to have witnessed Coinfirm growing from an early stage start-up to a scalable business, well positioned to consolidate its leadership in the booming digital economy. I look forward to seeing them become the undisputed leader in the years to come.”

About BV Ventures (BVV)

BVV is a Swiss-Singaporean venture capital firm fully dedicated to emerging technologies and blockchain. It is a member of the Draper Venture Network (DVN), a global alliance of leading venture investors collectively managing more than $2bn. BVV has offices in Zug, Zurich and Singapore and partnerships in London, Frankfurt, San Francisco and Israel.

For more information, please visit www.bvventures.ch

About Coinfirm

Coinfirm’s AML Platform for crypto assets is powering the mass adoption of blockchain by protecting the next generation of FinTechs being tainted by funds from ransomware hacks, human trafficking, sanctions evasion and terrorist financing by risk scoring entities, addresses and transactions.

Coinfirm’s risk management platform is used by governments, financial institutions, custodians, payment providers, investment funds and exchanges. The 1,500+ protocol-supporting AML Platform utilizes 330+ proprietary risk algorithms to provide a seamless, scalable solution to stringent regulatory requirements for both CeFi and DeFi.

Founded in 2016, Coinfirm is headquartered in London, UK, with the company retaining offices in Canada, Poland and Japan. Over 250 entities have trusted the company to provide RegTech solutions to stay in compliance with FATF guidance.

For more information, please visit https://www.coinfirm.com