Fintech PR
Sygnum raises more than USD 40 million in interim close of oversubscribed financing round
ZURICH and SINGAPORE, Jan. 25, 2024 /PRNewswire/ — Global digital asset banking group Sygnum today announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this interim close the company’s post-money valuation stands at USD 900 million.
- The Strategic Growth Round will provide the group with additional financing to expand into new markets and further extend its suite of regulated products and services in order to take advantage of the increasingly positive market developments in the digital asset industry.
- The round is oversubscribed and, as of this interim close, has already raised more than USD 40 million against the company’s original ~USD 35 million target, with Azimut Holding, a global asset management group, as the lead investor.
- This latest fundraise came on the back of Sygnum’s strong financial and operational performance, and expanded regulatory footprint, which has been achieved during the “crypto winter.” Sygnum closed 2023 with a USD 100M+ annualised revenue run rate and achieved positive cash flow in Q4.
Global asset management group Azimut Holding is the lead investor for the round and are joined by other new and existing strategic and financial investors. Consistent with prior fundraising rounds, the Strategic Growth Round also saw Sygnum employees participating as personal investors on the same terms. Sygnumers, together with the co-founders, board members and management team continue to hold majority ownership of the company.
Proceeds from this financing round will be used to expand Sygnum’s geographic reach into new markets and accelerate the development of Sygnum’s fully regulated products such as its B2B (bank-to-bank) platform, which now powers the crypto offering of over 15 banks and financial institutions globally. In April 2023, Sygnum announced a partnership with PostFinance, one of Switzerland’s largest retail banks, to bring a range of bank-grade digital asset services to millions of Swiss customers. In November 2023, Sygnum Singapore inked a deal with the Singapore arm of 174-year-old private bank Bordier & Cie, expanding an existing partnership that began in 2021 in Geneva.
Since its last successful Series B fundraise, Sygnum’s assets under administration have grown to over USD 4 billion, with a client base of over 1,700 from more than 60 countries. To support the company’s increasing client activity and operations, the group continued to grow its global team through the “crypto winter,” now nearing 250 team members. Outside of Switzerland and Singapore, the group is also licenced to operate in the UAE and Luxembourg.
Giorgio Medda, CEO of Azimut Holding, says: “We are pleased to have led Sygnum’s Strategic Growth Round fundraising at this topical moment when the demand for well-regulated, institutionalised services in crypto looks set to surge in 2024. Sygnum has been a Group key partner since 2021 as, first in Europe, we have developed together the first tokenisation of a private credit portfolio to benefit our alternative investment funds asset allocation. From the beginning, we have appreciated the team’s expertise and high degree of innovation. We strongly believe in the evolution of technology and its positive impact on the investments industry, so we are delighted to contribute to the growth of Sygnum in a round that strengthens its position as a leading financial institution in the digital asset sector.”
Mathias Imbach, Co-Founder and Group CEO, says: “Closing a successful funding round in this macro environment with such strong partners is exciting, and we are thankful for our investors’ trust in us. Our core thesis has always been that Future has Heritage and our strategy to build trust via regulation and good governance has guided us throughout all market cycles. We look forward to continuing to empower everyone everywhere to own digital assets with complete trust.”
Gerald Goh, Co-Founder and CEO Singapore, adds: “This fundraising round is testament of Sygnum’s strong and unique position as a leading regulated financial institution in the global digital asset industry. The broader industry is emerging from the ‘crypto winter’ and investors and market participants are increasingly seeking to partner with trusted and well-managed financial institutions. For Sygnum, this fundraise will allow us to further build out our suite of fully regulated solutions to support investors as they increase their exposure to the asset class.”
About Sygnum Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenisation and B2B services.
In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution Licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg.
We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit www.sygnum.com.
Disclaimer: This document was prepared by Sygnum Bank AG. This document may contain forward looking statements and may be subject to change. The opinions expressed herein are those of Sygnum Bank AG, its affiliates, and partners at the time of writing. The document is for informational purposes only and contains general material. It is for use by the recipient only. It does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum Bank AG to purchase or sell assets or securities. It is not intended to be used as a general guide to investing and should be used for informational purposes only. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert to make a calculated decision. The information and analyses contained in this document have been compiled from sources believed to be reliable. However, Sygnum Bank AG makes no representation as to its reliability or completeness and disclaims all liability for losses arising from the use of this information.
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Media contact:
Dom Castley, Chief Marketing Officer, [email protected], Sygnum Bank AG Uetlibergstrasse 134a, 8045 Zurich, Switzerland
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PORT VILA, Vanuatu, Jan. 9, 2025 /PRNewswire/ — Vantage Markets has demonstrated its commitment to making a difference beyond trading and recently concluded its #TradeforHope initiative, in partnership with Vantage Foundation to support Grab Indonesia’s program, Wiramudi Grab.
From 12th –18th December, 2024, Vantage Markets pledged to donate a portion of its trading proceeds to the Vantage Foundation. This donation was made in support of the Foundation’s impactful collaboration with Grab Indonesia, timed to align with Indonesia’s Mother’s Day on December 22.
The Wiramudi Grab program with its Melaju dengan Syantiek campaign, is designed to tackle the challenges women and mothers face in balancing inflexible work hours with family responsibilities. Emphasizing “Progress without Compromise,” the program allows women to get income opportunities, flexible hours, and a range of benefits to help them grow both personally and professionally by joining as Grab driver-partners.
Through its partnership with Grab, Vantage Foundation is helping women overcome key barriers such as lack of capital and essential driving equipment. This support provides participants with the resources and financial assistance needed to start their journey as Grab driver-partners, creating opportunities for financial independence and personal growth.
Marc Despallieres, Chief Strategy & Trading Officer of Vantage, emphasized the company’s commitment to being more than just a broker: “At Vantage, we believe in using our platform to drive positive change. The #TradeForHope campaign reflects our dedication to local communities, proving that trading can be a force for good. Supporting the Vantage Foundation’s partnership with Grab allows us to directly empower families and foster sustainable growth.”
The #TradeForHope campaign is part of Vantage’s ongoing efforts to integrate social responsibility into its operations. By giving back through initiatives like these, Vantage is paving the way for a more inclusive and sustainable future for the communities it serves.
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.
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Fintech PR
Analytic Partners Strengthens Market Position and Enhances Customer Solutions with Analyx Acquisition
MIAMI, Jan. 9, 2025 /PRNewswire/ — Analytic Partners, a global leader in Commercial Analytics, announced today that it has closed on the acquisition of Analyx®, a marketing analytics software and services company. With multi-national offices in Germany and Poland, Analyx has an impressive customer base of significant European companies with a focus on Germany and Switzerland. This strategic acquisition extends Analytic Partners’ penetration in Europe and adds significant analytics and software development talent.
The acquisition of Analyx expands Analytic Partners’ ability to deliver Commercial Intelligence to major brands in Germany and throughout Europe. Analyx’s impressive customer roster has enabled the analysis of $5 billion in marketing spend over the last 12 months, with approximately 2,500 scenarios executed by customers over the last several years. The Analyx acquisition builds upon the momentum of its 2024 acquisition of Magic Numbers, a leading analytics firm in the UK, further deepening Analytic Partners’ presence in Europe.
“Analytic Partners is at the forefront of elevating marketing mix modeling by pioneering innovations that deliver a full commercial perspective. Our Commercial Decisioning Platform, GPS-Enterprise, offers decision-making tools to the world’s leading brands,” stated Nancy Smith, President and CEO of Analytic Partners. “The values and mission of the Analyx team, under the leadership of Claudio Righetti & Sascha Stürze, align perfectly with ours. Acquiring Analyx enhances our Commercial Analytics solution, extending it to more global enterprises and creating meaningful synergies that will benefit our European and global customers.”
“Joining Analytic Partners today is climbing the next S-Curve for Analyx! It enables us to further our mission to create value through advanced data science and self-service software for enterprise brands – at a truly global scale,” explained Founder and CPO, Sascha Stürze.
CEO, Claudio Righetti, added, “Joining forces with Analytic Partners aligns to the foundational vision of Analyx: Building and delivering world-class decision-support tools to enterprise customers worldwide. By joining Analytic Partners we can offer our customers a true global presence and expand the range of services offered.”
About Analytic Partners
Recognized as a leader in both the 2024 Gartner Magic Quadrant for Marketing Mix Modeling Solutions and The Forrester Wave™: Marketing Measurement and Optimization, Q3 2023 report, Analytic Partners provides marketing measurement and Commercial Analytics to Fortune 500 brands around the globe. We provide adaptive solutions for deeper business understanding and right-time planning and optimization – for marketing and beyond. We turn data into expertise so our customers can create powerful connections with their customers and achieve commercial success. For more information, visit analyticpartners.com.
About Analyx
Analyx® is a European leader in Marketing ROI decision support with offices in Poland, and Germany. It has served 10 of 40 DAX companies and other European multi-nationals in recent years with its advanced data science solution for marketing budget optimization at scale. It combines an experienced data analytics team with industry-experienced consultants providing independent and impartial marketing recommendations to the CMO office. If you’d like to learn more about Analyx®, please visit: analyx.com.
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Fintech PR
HR Path Acquires IntSys Solutions, Strengthening Its Workday Expertise and Expanding Presence in Northern Ireland
HR Path, a global leader in HR consulting and HRIS solutions, is proud to announce its strategic acquisition of IntSys Solutions, a Northern Ireland-based company specializing in Workday integration and innovative HR technology services.
PARIS, Jan. 9, 2025 /PRNewswire/ — HR Path empowers organizations through a comprehensive suite of HR solutions. With expertise across advisory, implementation, and managed services, HR Path supports over 3,000 clients worldwide on their HR digital transformation journeys. Established in 2001, the company operates in 22 countries, consistently delivering innovative and customized solutions to drive organizational success.
Founded in 2021, IntSys Solutions has quickly built a strong reputation for its customer-centric approach, extensive expertise in Workday implementation and integration, and tailored HR solutions that meet clients’ unique needs.
Following the acquisition of Three Plus Consulting in March 2024, a UK-based Workday specialist, this acquisition marks another significant step for HR Path in strengthening its capabilities and expanding its presence in Northern Ireland and the broader UK and Irish markets.
This acquisition further reinforces HR Path’s mission to empower companies through comprehensive HR solutions and services across advising, implementation, and managed services, solidifying its position as a global leader in the HR industry.
“Welcoming IntSys and its talented team into the HR Path Workday practice marks a significant step in expanding our ability to deliver seamless integrations and innovative solutions to our clients,” noted Thomas Ortega, Workday Partner at HR Path. “This new partnership aligns perfectly with HR Path’s focus on exploring new opportunities with Workday and providing our clients with enhanced options to meet their evolving needs.”
“We’re thrilled to join the HR Path family,” expressed Sean Sheerin, Managing Director of IntSys. “The journey to this partnership felt more like catching up with friends than formal business meetings, which speaks to how well our values align. This collaboration opens greater opportunities for both our team and our clients, allowing us to offer an enhanced range of services while maintaining the level of trust and quality we’re known for. Together with HR Path, we’re excited to create even better solutions and continue delivering exceptional value to our clients.“
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CONTACT: Fabienne LATOUR – [email protected]
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