1Konto Announces Completion Of $3.85M Capital Raise, Anticipates Launch Of New Execution Service In Q2
1Konto Announces Completion Of $3.85M Capital Raise, Anticipates Launch Of New Execution Service In Q2
04/05/22, 9:35 AM
Location
philadelphiaMoney raised
$3.85 million
Round Type
seed
via InvestorWire — 1Konto, a digital asset and FX focused broker connecting the fragmented market and providing Broker Dealers, OTC Desks and Hedge Funds with access to multiple exchanges through one account, has announced the completion of a successful capital raise. The funding, consisting of both angel funding and seed funding, totaled more than $3.8 million. 1Konto plans to use the proceeds to fund its upcoming agency execution service, planned for release in the second quarter of this year.
Company Info
Location
philadelphia, pennsylvania, united states
Additional Info
Additionally, the company notes that juggling multiple venues, settlement cycles and lines of credit is operationally complex and prone to error. The company has created a single onboard access point to more than 2,500 high-quality markets and a proprietary routing engine that analyzes millions of routes, instantly uncovering pricing dislocations and price improvements that are passed on to their counterparties. In addition, the company streams prices in 20 digital assets and 7 fiats for 351 unique pairs and provides single-account access to the markets, making programmatic or on-demand settlement easy and simple.