Blockchain regtech startup, Coinfirm, announced on Wednesday it secured $700,000 from Luma Ventures during an ongoing seed round to continue its growth and development.
Coinfirm has built a blockchain risk and compliance platform. The company’s platform notably brings transparency and security to its blockchain transaction and is utilized for potential applications. Coinfirm has formed partnerships with MIT Enterprise Forum, PKO BP, and PWC’s Startup Collider. The company claims:
“Coinfirm opened the first blockchain lab in Central Europe as the go-to hub for blockchain research, development and collaboration. With a global team, access to one of the largest structured blockchain databases and a portfolio of solutions, the Coinfirm Blockchain Lab has created a premiere environment to research, develop and adopt blockchain.”
Pawel Kuskowski, co-founder and CEO of Coinfirm, stated:
“We’re growing at a very fast rate and need to scale up quickly to continue to lead and expand on the global market. Luma brings not only a valuable VC investor but also a synergistic one that brings many benefits to the table and we’re looking to bring in co-investors that provide the same dynamic. They give us a new set of extensive experience, network, and assets in tech and financial ecosystems as well as a partner who can assist us on in our further development from the ground up.”
Tomasz Cichowicz, Partner at Luma Ventures, then added:
“Coinfirm’s team convinced us by showing their in-depth industry expertise, passion and determination to realize their ambitious long-term plan. We are confident that with our support they will secure their leading position in the blockchain AML risk and compliance space. This is an important investment for Luma as it allows us to play a strategic role in the imminent transformation of the FinTech sector.”