• Baanx Group

  Participated · Series A · Mar 2024

  Baanx is a London, UK–based B2B2C service provider focused on digital-asset friendly financial services. Its core products include physical and virtual debit cards, digital wallets, IBANs/DDA accounts, borrowing/lending, remittance/FX, payment gateways and related payments infrastructure. The company also offers white-label, fully managed applications to user communities to support mass adoption of blockchain technology, digital assets and cryptocurrencies. Led by CEO Garth Howat, Baanx positions itself as a bridge between Web3 technology and the financial services sector. The company raised $20m in a Series A and has raised a total of more than $30m to date. It intends to use the new funds to expand operations, broaden its business reach and support development efforts. Baanx positions itself as a future-facing cryptobank network delivering fiat and crypto mobile banking services and a mobile wallet. Its product roadmap includes insured custody of crypto assets, multi-exchange integration for best-price crypto purchases, virtual cards for crypto-and-fiat payments, white‑labeling and bank‑license sharing to deploy cryptobanks, and crypto‑secured lending and short‑term stablecoin loans. The company says subsidiaries have completed millions in consumer loans in the EU and that it has agreements for up to 1.3 million customers to start using its wallet and services. Baanx is conducting a token pre-sale and has announced a $2 million investment tied to that sale. The team is described as having extensive banking and fintech experience from firms such as JP Morgan, Mastercard, Commerzbank, and UBS. The group states its goal is to simplify and secure crypto‑market payments and enable mass adoption through a combined blockchain crypto and fiat system.

• SignalPlus

  Participated · Series A · Aug 2022

  SignalPlus provides institutional-grade infrastructure in the crypto derivatives market, focusing on options trading systems, automated market-making, and structured product solutions. Its services are deeply integrated into mainstream crypto options markets, and the company holds a leading market share in Asia. SignalPlus has been supported from an early stage by HashKey Capital, which led its seed round and made additional follow-on investments prior to this $40 million strategic investment. Following the new investment, SignalPlus and HashKey plan to collaborate on product innovation and global business expansion to grow their institutional services footprint. The company is positioned to leverage the partnership to enhance its strategic competitiveness within the global digital asset derivatives ecosystem. No revenue or user metrics were disclosed in the announcement.

• Ren Labs

  Participated · Equity · Feb 2022

  Ren Labs is the team behind the popular Ren cross-chain bridge and is building Catalog, a cross-chain automatic market maker (AMM) as the first application on a forthcoming Ren blockchain. Catalog aims to bring DeFi to chains without smart-contract functionality by simplifying the AMM experience and abstracting backend complexity. Its planned features include single-sided staking to mitigate impermanent loss and an impermanent-loss protection insurance pool tied to a Catalog token. Catalog will also support direct interactions with users' bank accounts for deposits and withdrawals, according to the announcement. Ren Labs announced a $7.5 million raise to advance Catalog's development; the team formed Ren Labs in October 2021. The company is targeting an April launch for Catalog and a full Ren chain launch in Q3 or Q4, and plans to expand into a suite of DeFi products thereafter.

No current team members are available.