Cryptio raises a $10 million series A for their crypto back-office platform

News

The enterprise-grade crypto accounting & reporting platform will continue to help financial institutions, corporates and crypto-native businesses navigate the fragmented digital-asset landscape with confidence.

Cryptio has secured $10 million in a Series A round led by Point Nine with the participation of Alven among other investors.

Accountability and reporting are a priority – both for crypto-native businesses and financial institutions with digital assets operations and holdings, especially in turbulent markets.

Cryptio is known for its proprietary data infrastructure, transforming complex on-chain activity into institutional-grade reports and ledgers. The company saw revenue grow 12x since its seed round led by Draper Associates in March last year – despite the market downturn.

“The biggest challenge with crypto accounting on the institutional level is having auditable and reliable transaction history data. At Cryptio, we’re obsessed with data accuracy and have partnered with Layer-1 foundations to build proprietary blockchain indexers. We’re able to reliable pull transaction data and perform mini-audits, ‘sanity checks’ to prove data quality.”Antoine Scalia, Founder and CEO of Cryptio

Their clients already include 200+ crypto-native enterprises such as Consensys (creators of Metamask), Aave, DeFi Saver, and The Sandbox. They plan to invest heavily in go-to-market hiring, product development, and expanding their offering to publicly traded companies and institutions.

“Making the token-based economy backwards compatible with traditional finance and compliance is key to onboard institutions and corporations alike. Cryptio is building this “web3 to web2” bridge for accounting, tax, and reporting and enabling projects and companies to operate with one foot in both worlds, securely. The team has proven to be remarkably resilient and built a product that has been battle-tested by the very best in the industry”.

Bartosz Jakubowski, Principal at Alven.


Share

Qonto and Penta join forces to strengthen European leadership in digital business finance

Qonto, the leading European business finance solution, announced today its intent to acquire German fintech champion Penta.

Read

Venture Capitals and AI-powered startups

When investigating an AI startup for a funding round, it is often difficult to distinguish impactful AI solutions from ideas that only use AI as a buzzword or marketing catalyst. We had the chance to work on the review of more than 100 academic references on AI startups, in the context of Maxime Lhoustau’s Master Thesis for HEC Paris and TU Munich. In this article, you will find the key takeaways.

Read

Kaiko announces a $53M Series B

The funding will enable Kaiko to further consolidate its position as the global industry reference for centralized and decentralized digital assets data services.

Read