We are glad to announce our most recent funding, allowing us to continue growing our customer base and develop new products. In addition to experienced business angels, two blockchain foundations are joining us as strategic investors.

Welcoming new partners

Our previous investor Daniel Masters, Executive Chairman at CoinShares led this round, with business angels from London and Hamburg, as well as SatoshiPay CEO Meinhard Benn joining him. We’ve also received investment from the blockchain foundations æternity (Liechtenstein) and AERGO (Hong Kong).

æternity is a “blockchain 3.0 platform designed to deliver unmatched efficiency, transparent governance and global scalability”.

AERGO is a leading enterprise blockchain organisation backed by Blocko Korea, which is funded by Samsung Ventures.

We will publish details of our partnerships with these open source blockchain projects in separate announcements shortly.

Funding details

The funds totalling approximately €1 million were transferred using fiat currencies GBP and EUR, and cryptocurrencies Ether and æternity Mainnet tokens. The company was valued at €17m, which is the same valuation as during our July 2018 funding round.

As announced in a recent stock market news update by our investor Blue Star Capital, we decided not to float SatoshiPay publicly, but to continue operating as a private company for the time being.

SatoshiPay CEO Meinhard Benn said: “We’ve had an amazing year in 2018, with exciting technological and business advances at SatoshiPay, and a powerful start into 2019 by announcing our partnership with Europe’s largest digital publishing house Axel Springer. While timing for the planned completion of our public listing was unfortunate, the strong interest we have seen from institutional investors along the way gives us great confidence that we are on the right track to growing our company into a leading FinTech player in the future.”

We are looking forward to more exciting opportunities our new partners will open up for us!

The SatoshiPay team