Conio closes $3 million funding round

Conio, which provides blockchain-based services to financial institutions, has raised $3 million in a Series A2 round, valuing the FinTech at $40+ million. 

Vincenzo Di Nicola, Co-founder, CEO and Technology Director of Conio, which was founded in 2015 and has developed an e-wallet for Bitcoin trading, says: “Our security protocols, guaranteed by proprietary patents, provide our partners with unique, genuinely world-class standards. The new funds raised allow us to ramp up our research and development activities in key industries and in others that will soon make use of digital currencies: from e-commerce to telecom, from financially smart cars to smart insurance contracts, leveraging cutting-edge blockchain technologies which we are helping to develop. In each of these markets, we are striving to be able to meet the growing demand of partnerships that we are getting from banks and insurance companies, enterprises and institutions.”

Shareholders include Poste Italiane, Banca Finanziaria Internazionale, Fabrick, David Capital and Boost Heroes. Andrea De Vido, CEO of David Capital, comments: “As a financial company focused on serving corporate clients by providing them all kinds of investment banking services, it is important for us to embrace cutting-edge solutions in this area. The disruptive development of ICOs and the regulatory challenge posed by the new digital IPOs require us to enter the playing field in order to provide our clients with a safe guide to navigate the universe of the new blockchain technologies. Our partnership with Conio strengthens our position as leaders in the offer of evolved investment banking services.”

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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