Bitcoin Suisse is in the middle of its Series A financing round. CHF20m have already been committed. Today the company announced the lead investor. The round will be led by Roger Studer, renowned Swiss banker, and the Studer Family Office.
Founded in 2013, Bitcoin Suisse pioneered crypto-financial services. As a regulated Swiss financial intermediary, undergoing licensing as a Swiss bank since October 2019, Bitcoin Suisse has become a market leader in trading, prime brokerage, custody, lending, staking, tokenization, and other crypto-financial services catered to the needs of private, institutional, and corporate clients alike.
The company is conducting a financing round at a CHF 275m pre-money valuation. In this Series A, “friends & family” subscribed and committed around CHF 20m to date. Swiss banker Roger Studer and the Studer Family Office will act as lead investor and opened the Series A "friends & family" phase, which started in April 2020.
Roger Studer of the Studer Family Office, states: “Bitcoin Suisse has a high-quality offer, based on a proven and solid business with state-of-the-art technology, and stands as a market leader in the Swiss crypto-financial space, poised to grow rapidly. For these reasons, the Studer Family Office is most excited and pleased to take part in the Series A offering”.
The CEO of Bitcoin Suisse, Dr. Arthur Vayloyan says: “As Bitcoin Suisse transitions into becoming a Swiss bank, company equity solidly above CHF 100m will provide a strong and profitable balance sheet. The Series A round opens the way to greatly accelerate and grow the business volume of Bitcoin Suisse, as well as its profitability. It is the right move for the company, and it is an excellent opportunity for investors to join an extraordinary journey”.
The Founder and President of the Board, Niklas Nikolajsen, sets forth: “Bitcoin Suisse is my life’s work, and this Series A constitute our first-ever capital raise. With the CHF 54m of company capital gathered through many years of retained earnings, we have come a long way. But looking forward, we could face limitations as to the speed of our growth, as we see great demand for collateralized loans, liquidity provision – and an ever increasing need to secure our on-balance client deposits through Swiss bank guarantees. With the Series A and the capital raised, we will be able to continue our exponential growth, as well as expand with cross border licenses.”
(Press release / SK)
Picture: Roger Studer, Niklas Nikolajsen, Arthur Vayloyan (left to right)
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