Finoa - About the company
Finoa is a series B company based in Potsdam (Germany), founded in 2018 by Christopher May and Henrik Gebbing. It operates as a Provider of custody, staking, and prime brokerage services for institutions. Finoa has raised $37M in funding from investors like Balderton Capital, MiddleGame Ventures and Maven 11, with a current valuation of $*****. The company has 104 active competitors, including 20 funded and 14 that have exited. Its top competitors include companies like Hex Trust, Cobo and Copper.
Company Details
Provider of custody, staking, and prime brokerage services for institutions. The company delivers a platform for institutional use, prioritizing security and usability. It supports a range of digital assets and staking protocols. The company also provides technology that enables regulated virtual asset service providers to protect and manage their customers' digital assets.
- Website
- www.finoa.io/
- Email ID
- *****@finoa.io, *****@finoa.io
Key Metrics
Founded Year
2018
Location
Potsdam, Germany
Stage
Series B
Total Funding
$37M in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jan 09, 2023
Investors
Ranked
11th among 104 active competitors
Employee Count
50 as on Aug 31, 2026
Investment & Acquisitions
Legal entities associated with Finoa
Finoa is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Finoa GmbH CIN: G1312_HRB32451P , Germany, Active | May 03, 2019 | - | - | |
Finoa GmbH CIN: HRB32451 , Germany, Active | May 02, 2019 | - | 63 (As on Dec 31, 2023) |
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Finoa's funding and investors
Finoa has raised a total funding of $37M over 3 rounds. Its first funding round was on Jan 07, 2020. Its latest funding round was a Series B round on Jan 09, 2024 for $*****. 6 investors participated in its latest round. Finoa has 8 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Finoa:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 09, 2024 | 9327546 | Series B | 1001887 | 2388086 | 5788865 | 1476108 |
Apr 29, 2021 | 3017416 | Series A | 3185032 | 1693760 | 1961928 | |
Jan 07, 2020 | 5810830 | Seed | 8798190 | 6897848 |
View details of Finoa's funding rounds and investors
Finoa's founders and board of directors
Founder? Claim ProfileHere are the details of Finoa's key team members:
- Christopher May: Co-Founder & CEO of Finoa. They are also an angel investor in 1 startup.Contact Info: 1 email address and 1 phone number
- Henrik Gebbing: Co-Founder of Finoa. Contact Info: 1 phone number
View details of Finoa's Founder profiles and Board Members
Finoa's employee count trend
Finoa has 50 employees as of Aug 26. Here is Finoa's employee count trend over the years:
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Finoa's Competitors and alternates
Top competitors of Finoa include Hex Trust, Cobo and Copper. Here is the list of Top 10 competitors of Finoa, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Custodian service for digital assets | $104M | 70/100 | ||
2nd | Provider of digital asset custody and wallet infrastructure solutions | $70M | 70/100 | ||
3rd | Copper 2018, Zug (Switzerland), Series C | Provider of digital asset custody and off-exchange settlement infrastructure services | $791M | 68/100 | |
4th | Unchained Capital 2017, Austin (United States), Series B | Custodian solutions for cryptocurrencies | $106M | 66/100 | |
5th | Bitcoin Suisse 2013, Zug (Switzerland), Series A | DIversified financial solutions for cryptocurrencies | $103M | 63/100 | |
6th | First Digital 2001, Hong Kong (China), Acquired | Custodian solutions for cryptocurrencies | $28.2M | 63/100 | |
7th | Blockchain infrastructure and application development services | $19.3M | 60/100 | ||
8th | Custodian services for cryptocurrencies | $100M | 57/100 | ||
9th | Financial custodian solutions for digital assets | $7.25M | 56/100 | ||
10th | Metaco 2014, Lausanne (Switzerland), Acquired | Cryptocurrency custodian solutions for banks | $18M | 56/100 | |
11th | Provider of custody, staking, and prime brokerage services for institutions | $37M | 54/100 |
Looking for more details on Finoa's competitors? Click here to see the top ones
Finoa's Investments and acquisitions
Finoa has a total of 1 investment in Return. Finoa has not made any acquisitions as of now.Reports related to Finoa
Here is the latest report on Finoa's sector:
News related to Finoa
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Magma to build out liquid staking on Monad and restaking with Ether.fi following $3.9M seed fundraiseThe Tech Outlook•Oct 30, 2024•Magma, Bloccelerate, Animoca Ventures, Maelstrom and 16 others
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The German Crypto Clean Finoa raises $ 15MCoins.fr•Jan 09, 2024•Finoa, Maven 11, Blue Bay Ventures, Balderton Capital and 3 others
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Ledgible And Finoa Integration: Empowering Institutional Investors In CryptoFinancial IT•May 26, 2023•Ledgible, Finoa
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Crypto Custodian Finoa Gets License Approvals From German Regulator BaFinCoinDesk•Feb 28, 2023•Finoa
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Finoa integrates Meta Pool enabling first in-custody liquid staking of $NEAR for institutional investorsFintech Finance•Nov 08, 2022•Finoa, Meta Pool
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