Crypto Bank Sygnum Raises $40 Million for Growth, Acquisitions
- Asset manager Azimut Holding leads the investment round
- Sygnum says it’s looking to Europe for future acquisitions
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Crypto bank Sygnum AG raised 35 million Swiss francs ($41 million) to fund expansion and acquisition plans as the group looks at stepping up its presence in new geographies.
The investment was led by asset manager Azimut Holding and comes at a valuation of about 725 million Swiss francs, similar to a previous round in January 2022, Gerald Goh, co-founder and chief executive officer of Sygnum Singapore, said in an interview.