RATE Group | Switzerland’s Cryptocurrency Bank SEBA To Raise Upwards of $100M For Expansion
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Switzerland’s Cryptocurrency Bank SEBA To Raise Upwards of $100M For Expansion

18 Jan Switzerland’s Cryptocurrency Bank SEBA To Raise Upwards of $100M For Expansion

Posted at 20:39h in Cryptocurrency News by

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SEBA, the Swiss start-up bank selling cryptocurrency services to clients, is planning to initiate its second-stage fundraising. Less than two years after the first one that raised 100m Swiss francs ($103 M), the bank will seek the same amount to expand its services and develop additional products.

Seba Bank To Raise 100M

Last year, the Swiss Financial Market Authority (FINMA) granted SEBA with a banking license to operate as a financial services provider that focuses mainly on digital assets. By using the license, the bank enabled professional and institutional clients to invest, safely keep, trade, and borrow against traditional and digital assets. Moreover, the clients had the option to issue tokens as well.

SEBA quickly managed to expand its services beyond Switzerland. The bank can now operate in the U.K., Germany, France, Portugal, Italy, Austria, Singapore, and Hong Kong.

News from yesterday indicates that the Swiss crypto bank plans to have second-stage fundraising of 100M Swiss…

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