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Notabene Raises $10.2M To Help Crypto Exchanges Comply With New Global Regulations

Nov 08, 2021•over 3 years ago

Amount Raised

$10.2 Million

Privacy And SecurityPaymentsFinancial ServicesAppsMobileInformation TechnologySoftware

Description

Notabene, a New York, NY-based crypto compliance SaaS startup, has raised $10.2 million in a Series A funding round co-led by F-Prime Capital and Jump Capital. The latest investment brings Notabene’s valuation to $45 million.

Company Information

Company

Notabene

About

The company plans to use the proceeds from the funding round to scale its technology to support an influx of new customers. Brændgaard added that beyond ensuring compliance, the identity-verification services Notabene provides also help build trust between consumers transacting in crypto, who want to ensure they are transacting with the correct counterparty and avoiding the risk of fraud. Of 25 crypto exchanges who responded to a survey by investor Jump Capital, 90% said they plan to use Notabene for travel rule compliance, Peter Johnson, a Jump Capital partner who is joining Notabene’s board of directors, told TechCrunch.

Funding Insights

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