Record Series A Raised by New European Leaders in Crypto, SwissBorg

Record Series A Raised by New European Leaders in Crypto, SwissBorg

Lausanne, Switzerland–(Newsfile Corp. – March 15, 2023) – With just 2 weeks to go, European-based crypto investment platform, SwissBorg, has gathered nearly 14,000 investors across three jurisdictions in its Series A fundraising – one of the largest on record for an early investment round.

SwissBorg has quickly become a major European player in crypto, having acquired over a million app users and over 150 million in revenue since launching its crypto investment app in 2021. The Swiss crypto asset management company, which raised CHF52m, was among the most successful ICOs of the ICO . boom 5 years ago.

SwissBorg

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Community first philosophy

The co-founders, Cyrus Fazel and Anthony Lesoismier, have become known in the area for their community-first approach to business.

“At SwissBorg, we never use the word ‘customer’. For us, this means us and them. Our vision has always been to create a community that cooperates on the same level with the common goal of creating a fairer and meritocratic future.” – Cyrus Fazel, CEO and co-founder of SwissBorg

With this in mind, the recent launch of their Multi-Asset Launchpad tool is aimed at bringing early investment opportunities usually enjoyed by a select few to the masses. Their own Series A has led the way here, allowing any member of the public with $100 to become a shareholder.

Back in 2018, SwissBorg conducted the first ever blockchain referendum to allow their ICO investors, right from the start, to decide the direction they wanted to take their product – desktop or mobile.

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Growth forecasts

Crypto offerings from major brands have boosted the adoption rate, with researchers projecting 1 billion people worldwide to use crypto by 2030. Last year alone saw the adoption rate continue to rise from 306 million in January to 425 million in December – another 39%.

SwissBorg implemented a “dynamic valuation” model with the Series A fundraising, where the valuation of the holding unit in the group is determined based on the proceeds from the fundraising. This came true with their community – regardless of whether the total fundraising amount is achieved or not, investors will receive the maximum possible ownership.

In the short term, SwissBorg will continue to grow its Earn product, connecting users with decentralized financial platforms that generate returns on cryptoassets in a transparent manner, and their Thematics product, which allows users to invest in a bundle of cryptoassets according to to their faith.

They estimate the following impact on the number of users who have completed onboarding (KYC).

End of 2022

End of 2023

End of 2024

End of 2025

End of 2026

Users who completed onboarding (millions)

0.73

0.95

1.31

1.91

2.98

Road to accessibility

SwissBorg’s vision is to make wealth accessible to everyone. Their app is often touted as a leader for its ease of use and security – noted here by independent reviewers Coin Bureau.

With this in mind, CSO Anthony Lesoismier plans to steer the company towards decentralized products to give users firm control over their wealth, including plans for a Web3 wallet to give users of the SwissBorg app further access to the world of decentralized finance.

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“Decentralization and crypto exist as a way to make a financial world that is more fair and equitable. The transition to decentralized finance (DeFi) will not happen overnight. Building a centralized system infused with the value and transparency of DeFi will be key to enable this transition. This is what SwissBorg will stand for.” – Anthony Lesoismier, CSO and co-founder of SwissBorg.

More information
To learn more about SwissBorg Series A and to participate yourself, click here.

SwissBorg is headquartered in Switzerland, has a Virtual Asset Service Provider license regulated by the FIU in Estonia, and is registered as a PSAN with France’s AMF. The SwissBorg app allows users to manage their wealth, with possible fiat transfers for most European currencies, an exchange aggregator to provide users with the best exchange rates and liquidity, and opportunities for users to earn a return on crypto assets. Visit their website here.

Disclaimer
Fshared forecasts are a forward-looking statement based on SwissBorg’s assumptions and on the information currently available. These figures cannot be considered a contractual obligation. SwissBorg has no responsibility if the information in these charts is found to be inaccurate for any reason and if the price of CHSB and/or the valuation of SwissBorg is not in line with the forward-looking statements in these charts.

Media contact:

Company name / brand name: SwissBorg
Contact person: Alex Fazel
Contact person Title: Chief Partnership Office
Company email: [email protected]
Website: www.swissborg.com
Social: https://twitter.com/swissborg

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