SCRYPT Secures $5 Million in Strategic Funding to Accelerate Growth
May 30, 2024, 3:32 pm
SCRYPT, a Swiss fintech leader, doubles client book and sees trading volume skyrocket, securing $5 million in strategic funding to fuel expansion.
SCRYPT, a rising star in the Swiss fintech sector, has just closed a $5 million strategic funding round led by Braza Bank, with support from venture capital firms like Funfair Ventures, Cabrit Capital, and Atlantic Labs. This injection of capital comes at a time when SCRYPT has doubled its client book and witnessed an astounding 18-fold increase in trading volume year on year.
Founded in 2020 by the dynamic duo of Norman Wooding and Sylvan Martin, SCRYPT has quickly risen from a humble basement startup to a powerhouse in the crypto asset financial services realm. With billions in trading volume under its belt, the company now offers a full suite of crypto services, including trading, custody, and staking.
Having garnered the trust of over 200 institutional clients, SCRYPT recently obtained regulatory approval in Switzerland to launch asset management solutions through SCRYPT Digital Investments AG, which received a portfolio manager license from FINMA in July 2023.
Norman Wooding, SCRYPT's Founder & CEO, expressed his excitement for the company's future, especially as they set their sights on expanding into the LATAM market and tapping into its flourishing crypto landscape. The partnership with Braza Bank, a key player in FX and cross-border payments, further solidifies SCRYPT's position as a trusted industry leader.
Marcelo Sacomori, Braza Bank's Founder & CEO, highlighted the strategic nature of their collaboration with SCRYPT, emphasizing the latter's expertise in the crypto asset space and regulated infrastructure. This partnership aims to introduce cutting-edge cryptocurrency services to Braza Bank's vast customer base.
Sylvan Martin, SCRYPT's Founder & COO, underscored the significance of this funding round, marking a pivotal moment for the company as they expand their team and operational capacity. The market's validation of SCRYPT's vision and execution thus far serves as a testament to their strategic direction and growth trajectory.
In conclusion, SCRYPT's $5 million strategic funding round signifies a new chapter in their journey towards scaling operations and enhancing product offerings to meet the evolving needs of clients worldwide. With a dedicated team driving their success, SCRYPT is poised to seize market opportunities with renewed vigor and continue their upward trajectory in the fintech landscape.
SCRYPT, a rising star in the Swiss fintech sector, has just closed a $5 million strategic funding round led by Braza Bank, with support from venture capital firms like Funfair Ventures, Cabrit Capital, and Atlantic Labs. This injection of capital comes at a time when SCRYPT has doubled its client book and witnessed an astounding 18-fold increase in trading volume year on year.
Founded in 2020 by the dynamic duo of Norman Wooding and Sylvan Martin, SCRYPT has quickly risen from a humble basement startup to a powerhouse in the crypto asset financial services realm. With billions in trading volume under its belt, the company now offers a full suite of crypto services, including trading, custody, and staking.
Having garnered the trust of over 200 institutional clients, SCRYPT recently obtained regulatory approval in Switzerland to launch asset management solutions through SCRYPT Digital Investments AG, which received a portfolio manager license from FINMA in July 2023.
Norman Wooding, SCRYPT's Founder & CEO, expressed his excitement for the company's future, especially as they set their sights on expanding into the LATAM market and tapping into its flourishing crypto landscape. The partnership with Braza Bank, a key player in FX and cross-border payments, further solidifies SCRYPT's position as a trusted industry leader.
Marcelo Sacomori, Braza Bank's Founder & CEO, highlighted the strategic nature of their collaboration with SCRYPT, emphasizing the latter's expertise in the crypto asset space and regulated infrastructure. This partnership aims to introduce cutting-edge cryptocurrency services to Braza Bank's vast customer base.
Sylvan Martin, SCRYPT's Founder & COO, underscored the significance of this funding round, marking a pivotal moment for the company as they expand their team and operational capacity. The market's validation of SCRYPT's vision and execution thus far serves as a testament to their strategic direction and growth trajectory.
In conclusion, SCRYPT's $5 million strategic funding round signifies a new chapter in their journey towards scaling operations and enhancing product offerings to meet the evolving needs of clients worldwide. With a dedicated team driving their success, SCRYPT is poised to seize market opportunities with renewed vigor and continue their upward trajectory in the fintech landscape.