Nayms said to raise £1.5m in funding

Nayms, which empowers cryptocurrency investors to reinsure crypto-risk, has reportedly netted £1.5m in seed equity.

XBTO served as the lead investor, with participation also coming from Coinbase Ventures, Maven11, InsurTech Gateway and the founders of Synthetix, according to a report from Business Cloud.

Plans are to fully launch the platform in 2021, following the graduation from the Bermuda Monetary Sandbox with a full license, it said. With this fresh capital, Nayms will launch larger pilot programs.

Nayms is looking to raise a Series A round in Q1 2021, it said.

The InsurTech enables cryptocurrency investors to reinsure crypto-risk. Its traceable smart contract is built on a trustless system, meaning insurance brokers can put a contract between market participants in unlimited areas, it claims.

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.