Coincover, a Cardiff-based digital asset protection provider, has scored $30m in a funding round headed by Foundation Capital.
Founded in 2018, Coincover is the first and only service to guarantee digital funds will not be lost or stolen.
By combining insurance with the latest security features, we significantly reduce risk and make digital currency investments simple, safe, and secure for retail and business customers.
According to Finextra, Coincover already works with more than 300 businesses, from exchanges and wallets to hedge funds, family offices, and banks.
It also works directly with a number of digital asset custodians to help them keep their clients safe. Current customers include Fireblocks and Bitso.
The new funding, Coincover claims, will go towards recruitment, product updates and building partnerships.
Coincover co-founder David Janczewski said, “In the wake of a challenging year for the crypto market, Coincover is in high demand, as businesses and consumers scramble to safeguard their digital assets.
“Through this new funding, we can supercharge our service for all existing and future customers – building a better and more mature digital asset ecosystem in the process.”
Tazapay, a cross-border payments company, has recently raised $16.9m in its Series A funding round, which was led by Sequoia Capital Southeast Asia.
With the funds, the company hopes to scale its business across Asia and expand into other regions where there are rising demands for its platform. These regions include the Middle East and Europe.
Copyright © 2023 FinTech Global
