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September 17, 2021

Coinfirm appoints new CEO and gains $8m in funding

By Anita Senaratna

Coinfirm, a RegTech for digital currencies and blockchain-based finance, has appointed Dr. Mircea Mihaescu as its new chief executive officer (CEO).

Mihaescu joined the company earlier this year as executive chairman, and will be replacing Pawel Kuskowski in the CEO role. The announcement also follows the end of its Series A funding round, during which it raised $8m (£5.8m).

Commenting on his new role and Coinfirm’s funding round, Mihaescu said:

“The Series A unlocks Coinfirm’s potential in the crypto compliance and analytics space as we expand in a fast-paced growth market. I am excited to be joining Coinfirm in its next step on the journey to power the mass adoption of blockchain whilst we remain committed to delivering the very highest value to our clients and partners.”

The Series A is co-led by SIX Fintech Ventures, FiveT Fintech, MiddleGame Ventures, Mission Gate and CoinShares. Alexander Christen, CEO of FiveT Fintech will join Mihaescu on the company’s Board of Directors, along with Pascal Bouvier, general partner at MiddleGame Ventures. Maximilian Spelmeyer of SIX Fintech Ventures and Daniel O’Brien of Bird Capital join Coinfirm’s board as non-director members.

The investment will enable Coinfirm to continue its growth in the EU, as well as expand its presence in the Asian and US markets. The funding will also strengthen the company’s enterprise and financial institution offering, to complement its offering for crypto market participants.

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