The round also includes well-renowned angel investors including Nicolas Julia, co-founder and CEO of Sorare, Charlie Songhurst, former Head of Strategy at Microsoft, Pierre-Antoine Pierre, CEO and Founder IBanFirst, Jørgen Horwitz, former Director of Finansrådet as well as Einar Braathen from CoinFund.
Januar hopes to be the most trusted one-stop cryptocurrency gate in Europe with the funds from the seed round. The company serves the growing crypto and digital assets industry, which has a market capital of $2 trillion. The company offers fiat-to crypto rails, a service that supports a more open financial system built on decentralized technology.
“We are building financial infrastructure that will help crypto companies gain the stable foundation they need to innovate and serve their customers with peace of mind. For years, legacy financial service providers have failed to serve these new digital asset businesses, leaving them at risk of being shut down with days’ notice. It’s time we recognize that entrepreneurs building the future of our financial system deserve an IBAN account, like any other business,” Simon Ousager, CEO of Januar and co-founder.
Januar is starting to launch crypto-friendly services for European businesses. Januar is well-positioned after obtaining its first Payment Service Provider license from the Danish FSA. This license includes crypto-specific risks, compliance, AML policies and compliance.
“We are delighted to back Januar in their mission to build this most critical piece of European financial services infrastructure – connecting old and new worlds. The market need is clear, Januar has the team, industry support and product offering to become a key component in Europe’s digital future,” Comments by Steve Gibson, Partner at Element ventures
“The Payment Service Provider license granted to us by the Danish FSA marks the next chapter for the European crypto industry and signifies trust in us that we’re among the best in the world at quantifying and managing risk in this space. We are excited by the chance to bring trust and transparency across Europe to these innovative Web3 and crypto businesses.
“Traditional banks are not ready for what is happening in the crypto markets right now. For many years they focused on the ‘technology’ while writing off the actual category of innovative digital assets – their ‘Blockchain not Bitcoin’ strategy did not align with the market. Despite the fact that assets like Bitcoin or Ethereum have seen their value increase exponentially, most banks had a dismissive approach to crypto-specific compliance measurements and were unable to provide proper support for the sector. With Januar, we are here to close that gap now by providing financial services to crypto businesses and crypto services to financial institutions,” Simon Ousager is the CEO and cofounder of Januar.
“Building financial infrastructure for the crypto economy that is fit for purpose is a once-in-a-generation opportunity. Januar’s mission of bringing trust and transparency to innovative digital assets and Web3 businesses resonated strongly with us and we are delighted to support the mission,” Comment Kevin Chong is Co-Head, Outward VC
Digital assets and decentralized transactions systems are more efficient, cheaper, and faster than traditional methods. They are changing the way value travels between individuals and companies around the globe. Europe is currently a neglected and underserved region. The US market is seeing crypto banks like Silvergate or Anchorage emerge.
“We are proud to enable innovative fintech entrepreneurs to run and grow their digital asset business by providing the financial infrastructure they need to build the financial system of tomorrow,” Simon Ousager, CEO & co-founder