Regtech innovator Coinfirm has closed an investment from Middlegame Ventures, to further its mission in becoming the global leader in AML solutions.
Focused exclusively on early-stage FinTech Startups, venture capital firm Middlegame Ventures brings investment, operational, and regulatory expertise across financial services.
Pascal Bouvier, Managing Partner of Middlegame Ventures comments:
“We are excited to partner with Pawel and the Coinfirm team to realize their vision to become a central provider of compliance and security in a tokenized economy. We look forward to working with Coinfirm to accelerate their traction with financial institutions and provide support to law enforcement and regulatory agencies globally.“
Pawel Kuskowski, CEO and Co-Founder of Coinfirm comments:
“The unrelenting focus on financial innovation is a quality Coinfirm and Middlegame Ventures both share. I also welcome the team’s mix of investment, operations, and regulatory expertise that will enhance the realisation of Coinfirm’s vision as the global leader in AML space.”
The investment will accelerate the buildout of Coinfirm’s product offerings, which provide industry-leading compliance, analytics and transaction security solutions to blockchain and cryptocurrency businesses.
A primary growth focus is Coinfirm’s core AML & Analytics Platform, which offers an easy-to-use SaaS functionality for financial institutions. Coinfirm will also invest in its Travel Rule solution, as well as its Trudatum and Reclaim Crypto initiatives, which solve problems of critical importance to the international distribution and circulation of cryptocurrencies.
Earlier this year Coinfirm closed its first institutional investment round, where it raised over $4 million. That round, announced in January 2020, saw participation from experienced FinTech- and blockchain-focused investors including NKB, Alfabeat, Gauss Ventures and Blockchain Valley Ventures.
Coinfirm is a global leader in AML and regulatory technology for blockchain and cryptocurrencies. It offers the industry’s largest blockchain coverage, supporting over 1,400 cryptocurrencies and protocols including Bitcoin, Ethereum, Hyperledger, and many more. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions like PKO BP. The company’s services also include Reclaim Crypto in partnership with Kroll, as well as Trudatum, a standalone regtech platform that allows any file to be registered, signed, and verified with 100% accuracy.
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About Middlegame Ventures
MiddleGame Ventures (MGV) is a leading financial services technology venture capital firm. Its focus is on supporting innovation in the financial sector as organisations reinvent themselves to compete and service clients in the digital age.
Central to MGV’s thesis is that disruption in banking, payments, capital markets, asset management and insurance business models by new intermediaries will drive a fundamental re-architecting of incumbents and create entirely new value chains.
MGV is well-positioned to help this financial services renaissance based on the founding team’s extensive investment, operational and regulatory experience.
MGV was established in 2018 by Pascal Bouvier, Michael Meyer and Patrick Pinschmidt. Bouvier and Meyer have substantial FinTech investment experience having co-founded one of the industry’s first FinTech-only venture funds at Route 66 Ventures. Pinschmidt was a senior official at the US Treasury Department following a decade as a sell-side research analyst covering financial services for Morgan Stanley and Merrill Lynch.
MGV is headquartered in Luxembourg with offices in Dublin and Washington DC. MGV also owns and operates NadiFin, a growth stage accelerator for European startups (www.nadifin.com).
For more information on the MGV team, strategy and portfolio, please visit www.middlegamevc.com.