1Konto, a digital asset and FX focused broker connecting the fragmented market and providing broker dealers, OTC desks and hedge funds with access to multiple exchanges through one account, today announced the completion of a successful capital raise. According to the announcement, the combination of angel and seed funding totaled more than $3.8 million. 1Konto intends to use the proceeds to fund its upcoming agency execution service, slated for release in the second quarter of this year. “We first completed a previously unannounced angel round, which raised $875,000, and then we completed an additional $3 million in seed funding. The angel round involved a number of individual investors associated with a private equity firm from California, and the seed round capital came from Terra Crypto Capital,” said 1Konto cofounder and CEO Edwin Handschuh. “This funding allows us to take a product that is already out there, an API routing service that’s completed over 100,000 transactions and $50 million in volume in production, and we’re bringing that in house. We needed to raise capital in order to increase team size, as well as to have the liquidity for venues, exchanges and other key components.”
To view the full press release, visit https://ibn.fm/aANdJ
About 1Konto
1Konto, which means one account in German, is led by a team of rocket scientists, engineers and traditional market professionals coming together to create a world where all assets are connected and globally accessible at the best price. To accomplish this goal, the company is focused on revolutionizing the financial market infrastructure to provide the best execution and financial services for its counterparties. To learn more, please visit www.1Konto.com.
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