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by
Adeniyi Olowoporoku
on
December 23, 2020 Blockchain
Swiss digital asset firm SEBA Bank has revealed that it has raised 20 million Swiss francs ($22.48 million) in its latest round of funding.
New Round of Funding Aimed at Expansion
SEBA Bank revealed in a press release that the Series B funding had been approved at its extraordinary general meeting. The company did not disclose the names of the investors that partook in the funding but revealed that some of the investors were from Switzerland, Europe, and Asia.
With the capital raise, SEBA Bank intends to accelerate the growth and reach of the company. It also revealed that the equity capital will strengthen its capital base and enable the bank to offer expanded products and services.