FINTECH Safello Crypto currency trading platform for retail and institutional investors FOUNDERS FRANK SCHUIL AND JOAKIM JOHANSSON HEADQUARTERS STOCKHOLM, SWEDEN VIEW WEBSITE INVESTMENT OCTOBER 2017 STATUS EXITED INITIAL INVESTMENT SEED LEAD The Investment As cryptoasset adoption ticks up across retail and institutions, the need for regulated brokerages is on the rise. While cryptoassets continue to gain adoption globally, leading to rising trading volumes and a growing need for sophisticated and regulated trading venues for professional investors as regulators enter the space to provide a balance between investor protection and fostering innovation. While for many players in the cryptoasset class regulation and trading licenses have only become strategic priorities in recent years, Frank founded Safello with this issue at the forefront, and the company has been operating a leading cryptocurrency and fiat brokerage platform, regulated by the Swedish FSA, since 2013. While the company’s origin is rooted in serving consumers, its offering has expanded into the growing enterprise and institutional market with the launch of Safello Business, as it continues to scale beyond the Nordics and into broader Europe. In the News MAY 05, 2021 Swedish crypto broker Safello’s planned IPO oversubscribed by 1,240% REUTERS “We are thrilled to see the great interest in Safello’s shares and what it signals for the future of our industry. The prospect of a cryptocurrency-based financial system is picking up steam in Sweden and beyond,” said Safello’s CEO Frank Schuil.The planned 40.5 million Swedish crowns ($4.78 million) IPO was subscribed for by 502 million crowns, Safello said, adding that it expects to list in Stockholm on May 12. READ THE ARTICLE VIEW ALL ARTICLES Want to learn more about our investments? BACK TO ALL COMPANIES Subscribe to our newsletter SIGN UP White Star Capital is a global multi-stage technology investment platform that invests in exceptional entrepreneurs building ambitious, international businesses. Operating out of New York, London, Paris, Montreal, Toronto, Tokyo, and Hong Kong, our presence, perspective, and people enable us to partner closely with our founders to help them scale internationally. Philosophy Companies Team Perspectives Newsroom Jobs ESG FUNDS Venture Fund Digital Asset Fund Copyright © 2021 White Star Capital Privacy PolicyTerms & Conditions