About Finoa
Finoa is a company based in Potsdam (Germany) founded in 2018 by Henrik Gebbing and Christopher May.. Finoa has raised $37 million across 3 funding rounds from investors including Balderton Capital, Maven 11 and Blue Bay Ventures. The company has 63 employees as of December 31, 2023. Finoa offers products and services including Custody, Staking, and Prime Brokerage. Finoa operates in a competitive market with competitors including Cobo, Metaco, Hex Trust, Unchained Capital and Propine, among others.
- Headquarter Potsdam, Germany
- Employees 63 as on 31 Dec, 2023
- Founders Henrik Gebbing, Christopher May
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Finoa Gmbh
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Annual Revenue
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Net Profit
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EBITDA
$6.01 M (USD)556as on Dec 31, 2021
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Total Equity Funding
$37 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Series B
Jan 09, 2024
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Investors
Balderton Capital
& 6 more
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Employee Count
63
as on Dec 31, 2023
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Products & Services of Finoa
Finoa offers a comprehensive portfolio of products and services, including Custody, Staking, and Prime Brokerage. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure storage and management of digital assets for institutions.
Enables earning rewards on crypto assets through delegated staking.
Integrated platform for crypto trading and on/off-ramp access.
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Funding Insights of Finoa
Finoa has successfully raised a total of $37M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $15.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series B - Finoa | Valuation | Maven 11 , Balderton Capital | |
| Apr, 2021 | Amount | Series A - Finoa | Valuation | Balderton Capital | |
| Jan, 2020 | Amount | Seed - Finoa | Valuation | MiddleGame Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Finoa
Finoa has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Balderton Capital, Maven 11 and Blue Bay Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is provided to tech startups by Maven 11.
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Blue Bay Ventures is focused on early-stage technology investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Finoa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Finoa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Finoa Comparisons
Competitors of Finoa
Finoa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cobo, Metaco, Hex Trust, Unchained Capital and Propine, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital asset custody and wallet infrastructure solutions are provided by Cobo.
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| domain | founded_year | HQ Location |
Cryptocurrency custody solutions are provided for banks.
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| domain | founded_year | HQ Location |
Custodian service for digital assets
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| domain | founded_year | HQ Location |
Cryptocurrency custody solutions with multi-signature storage are provided.
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| domain | founded_year | HQ Location |
Digital custody and crypto management solutions are offered online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Finoa
Frequently Asked Questions about Finoa
When was Finoa founded?
Finoa was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Finoa located?
Finoa is headquartered in Potsdam, Germany. It is registered at Potsdam, Brandenburg, Germany.
Is Finoa a funded company?
Finoa is a funded company, having raised a total of $37M across 3 funding rounds to date.
How many employees does Finoa have?
As of Dec 31, 2023, the latest employee count at Finoa is 63.
What does Finoa do?
Finoa was founded in 2018 in Potsdam, Germany, focusing on the digital assets sector. Custody services for cryptocurrencies are provided, including staking options, biometric authentication for secure access, and integrated trading features. Digital asset APIs are available for integrating management infrastructure into client systems. Operations emphasize regulated custody in the European market.
Who are the top competitors of Finoa?
Finoa's top competitors include Hex Trust, Cobo and Unchained Capital.
What products or services does Finoa offer?
Finoa offers Custody, Staking, and Prime Brokerage.
Who are Finoa's investors?
Finoa has 7 investors. Key investors include Balderton Capital, Maven 11, Blue Bay Ventures, Signature Ventures, and coparion.
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