PRESS RELEASE: “Finhaven Secures US$5.13 Million Series A Financing to Drive Innovation in Capital Markets”
VANCOUVER, BC, September 5, 2018 — — Finhaven Technology Inc. (“Finhaven”) is pleased to announce that it has secured US$5.13 million for its Series A funding round. The financing was led by Dunamu & Partners with participation from Lanebury Growth Capital Ltd. (LLL:CSE), Medici Leading Enterprise Fund, TheVentures, and two individual investors. In conjunction with the financing, Lance Tracey, CEO and director of Lanebury Growth Capital, has been appointed to Finhaven’s board with Martin Ertl and Alex Chung joining as Advisors.
Vancouver-based Finhaven is building a global investment banking platform that provides an end-to-end solution for issuing, investing and trading regulatory compliant digital securities. Finhaven views the challenges found in traditional capital markets as opportunities to apply its proprietary accounts-issuance-trading platform for improvement. The company’s high-capacity, cryptographic ledger can be applied to revolutionize and improve capital market functions, for both global issuers and investors.
The platform and its underlying cryptographic ledger provides solutions for identified blockchain limitations while focusing on capacity, liquidity, security, auditability and immutability. By reducing transaction costs, converging intermediaries and providing real-time clearing and settlement, Finhaven’s technology promotes time and cost efficiency in raising capital and trading.
“I believe Finhaven is well positioned to disrupt capital markets with their blockchain-based platform,” said Jinhwan Bae, CEO of Medici Investments. “I also believe in the leadership team, who’ve proven their ability to deliver results over the course of our relationship.”
The Series A funding will be used to further facilitate the product and business development of Finhaven as it drives innovation in capital markets. It positions Finhaven to leverage the team’s expertise in technological innovation and its deep finance background. As the company aims to become an integrated global securities exchange, Finhaven is forging ahead in building partnerships with investment dealers and exchanges who plan to transition onto the platform.
Established in Vancouver, Finhaven, a company at the forefront of capital markets innovation, is building an investment banking platform supporting the issuance and investment of digital securities and providing a marketplace to trade them. With its technical platform, Finhaven aims to become an integrated global alliance of exchanges. Finhaven’s proprietary, high-capacity cryptographic ledger enhances the platform’s quality through identity authentication, authorization and security, enabling capital market participants to save significant time and money. Finhaven views the challenges of traditional capital market procedures as opportunities to apply its proprietary accounts-issuance-trading platform, ultimately driving innovation in capital markets.
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Finhaven Technology Inc.