SEBA Bank AG, a Swiss-based digital asset bank, looks to attempt a secondary capital raise to garner over $95 million in additional funds.
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.
“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
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.