SEBA Bank Plans Secondary Capital Raise To Garner Over $95 Million In Additional Funds

SEBA Bank AG, a Swiss-based digital asset bank, looks to attempt a secondary capital raise to garner over $95 million in additional funds.


Swiss-Regulated Digital Asset Bank Plans $95M Capital Raise 👉 #CoinTelegraph #CryptocoinFactory #Bitcoin https://t.co/UxEXOENlIJ — CryptocoinFactory (@cryptofactory) January 18, 2020

On January 17, it has been reported by Financial News London that during the raise, SEBA aims to secure 100 million Swiss francs, equivalent to $96.5 million, “from new investors, including financial institutions, family offices, and individuals.”     

However, the bank announced its launch on November 12, 2019, after Switzerland’s Financial Market Supervisory Authority (FINMA) approved the outfit to operate in the world of securities and banking.

According to Guido Bühler, the CEO of SEBA, in a November 12 press release, SEBA raised significant capital in its first fundraising round, attracting over $103 million in U.S. dollar terms.

Bühler said:

“We are proud to have founded a bank within 18 months, raised CHF [Swiss francs] 100 million in capital from investors.”

Thus, it has also been reported that SEBA’s expansion to nine additional countries includes Hong Kong, the United Kingdom, Germany, France, Portugal, Singapore, Italy, and Austria.

Source: fnlondon.com | cointelegraph.com

#SEBABankAG #switzerland #CryptoNewsPoint #Funds #DigitalNotice

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