Copenhagen-based Januar secures €6 million to launch compliant crypto gate for European business
Summary
Founded in 2021 by ex-Chainalysis compliance experts, crypto entrepreneurs, and fintech veterans, Januar is on a mission to support a more open and collaborative financial system based on decentralized technology by offering fiat-to-crypto rails as a service. Simon Ousager, CEO and co-founder of Januar explained: “We are building financial infrastructure that will help crypto companies gain the stable foundation they need to innovate and serve their customers with peace of mind. It’s time we recognize that entrepreneurs building the future of our financial system deserve an IBAN account, like any other business.” Digital assets and decentralized transactions are regarded as faster, better and cheaper -and they are shaking up the way value moves between people and businesses globally. And while the value and usage of assets, like Bitcoin and Ethereum, multiplied many times over, the dismissive approach of most banks left them with little insights into crypto-specific compliance measurements and an inability to properly serve and support the industry. Steve Gibson, Partner at Element Ventures added: “We are delighted to back Januar in their mission to build this most critical piece of European financial services infrastructure – connecting old and new worlds.
Funding
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