Coinfirm

regtechblockchaincomplianceekyc/aml/cftrisk management

FOUNDING YEAR: 2016
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

Coinfirm provides a blockchain anti-money laundering (AML) combating the financing of terrorism (CFT) risk and compliance platform with applications in such industries as cryptocurrency, banking and business intelligence.The platform aims to bring transparency and security to blockchain transactions while solving AML/CTF/Sanctions and counterparty risk management problems. Coinfirm has opened the first blockchain lab in Central Europe as the go-to hub for blockchain research, development and collaboration in March 2016. Currently, the company's product is in beta stage as of Feb 2017.

MEDICI Analysis

Coinfirm is an AML risk and compliance platform for blockchain and focuses on bringing transparency and security to blockchain transactions while solving AML/CTF/Sanctions and counterparty risk management problems. It leverages proprietary algorithms and big data analysis to provide structured actionable data that will enable enterprises to streamline their compliance process. Additionally, it develops dedicated blockchain solutions like verification platform (trudatum)​ that is being adopted by multiple financial institutions.

Focus

PRODUCTS & SERVICES

Coinfirm offers various custom solutions to Fortune 500 companies, Blockchain players, financial institutions, and governments like: Custom Reports and Data: It specializes in preparing actionable reports and data-led solutions by leveraging a structured database of blockchain transactions, external resources, and big data algorithms allowing for quick and accurate decisions. Business Intelligence: Provides business intelligence data on entities active on blockchain markets. Compliance Analysis: Helps organizations to create and update their compliance policy and risk matrix. Forensics Investigations: Coinfirm specializes in investigating exchange hacks, misappropriation of assets, and extortions related to blockchain transactions.

REVENUE MODEL

SaaS. Per query, per package, license

MAIN CLIENTS

BitAML

EXISTING PARTNERSHIPS

The company has partnerhips with Bisnoee

Cashaa

Microsoft

BitMarket

Chronobank.io

Dash

Coinflux

Bacca etc

PRIMARY PROBLEM SOLVED

Compliance for blockchain transactions and data provenance and verification.

company provided insights

Traction

NUMBER OF TRANSACTIONS:

100.00

ACTIVE USERS:

1,000

People

FOUNDERS

Pawel Kuskowski

Grant Blaisdell

Paweł Aleksander

Jakub Fijołek

Maciej Ziółkowski

NUMBER OF EMPLOYEES

11-50

INVESTORS:

LUMA INVESTMENT

KEY EMPLOYEES:

Pawel Kuskowski(CEO); Jakub Fijolek(CTO); Pawel Aleksander(CFO); Paweł Aleksander(COO); Grant Blaisdell(CMO)

COMMENT:

Our founding team provides a unique dynamic,powerful combination. Our Co-Founder,CEO is the formal global head of AML processes for such financial institutions like RBS,is a recognized thought leader in the blockchain compliance. Our COO ran fraud investigations for major corporations such as AccelorMital. Other founder come from the cryptocurrency, blockchain,California startup ecosystems. This combination delivers a team who is able to handle both sides of the equation,deliver results.

Momentum

FUNDED

YES

TOTAL FUNDING

$700 K

DATE OF LAST FUNDING

Feb 2017

TOTAL FUNDING COMMENT

The company is planning to use its funds to expand and further build services and features onto their platform. (Feb. 2017)

SEED & PRIOR FUNDING

$700 K

SEED CLOSED ON

Feb 2017

LISTED

YES

For Investors

FUNDING NEEDED:

$1 M

USES OF FUNDS RAISED:

1. Infrastructure

2. Development

3. Talent Acquisition

4. Global Expansion (Asia, US)

MONTHS LEFT WITH CURRENT CASH BURN RATE:

9 months from 22 Jun, 2017

Innovation Programs

BASICS

FOUNDING YEAR:

2016

LOCATION:

United Kingdom

Views:

314 VISITORS | 646 VIEWS
LATEST FUNDING ROUND

$700 K

About

Coinfirm provides a blockchain anti-money laundering (AML) combating the financing of terrorism (CFT) risk and compliance platform with applications in such industries as cryptocurrency, banking and business intelligence.The platform aims to bring transparency and security to blockchain transactions while solving AML/CTF/Sanctions and counterparty risk management problems. Coinfirm has opened the first blockchain lab in Central Europe as the go-to hub for blockchain research, development and collaboration in March 2016. Currently, the company's product is in beta stage as of Feb 2017.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Coinfirm is an AML risk and compliance platform for blockchain and focuses on bringing transparency and security to blockchain transactions while solving AML/CTF/Sanctions and counterparty risk management problems. It leverages proprietary algorithms and big data analysis to provide structured actionable data that will enable enterprises to streamline their compliance process. Additionally, it develops dedicated blockchain solutions like verification platform (trudatum)​ that is being adopted by multiple financial institutions.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

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Coinfirm

About

Coinfirm provides a blockchain anti-money laundering (AML) combating the financing of terrorism (CFT) risk and compliance platform with applications in such industries as cryptocurrency, banking and business intelligence.The platform aims to bring transparency and security to blockchain transactions while solving AML/CTF/Sanctions and counterparty risk management problems. Coinfirm has opened the first blockchain lab in Central Europe as the go-to hub for blockchain research, development and collaboration in March 2016. Currently, the company's product is in beta stage as of Feb 2017.

Focus

PRODUCTS & SERVICES

About Coinfirm A recognized as a leader in their field and ranked among the most influential blockchain and regtech companies, Coinfirm serves as a foundation for the safe adoption and use of blockchain. Coinfirm’s Blockchain AML & Compliance Platform uses proprietary algorithms and big data analysis to provide structured actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. The blockchain agnostic platform not only benefits companies operating around blockchain but also major financial institutions, asset management companies, and BI companies. In addition, Coinfirm develops dedicated blockchain solutions such as their verification platform "trudatum". Currently being piloted for adoption by multiple financial institutions and insurance companies, trudatum is an easy to use and adopt blockchain solution to register and verify the ownership and authenticity of any type of document, file, or data.

REVENUE MODEL

SaaS. Per query, per package, license

TOP PROBLEM SOLVED

Compliance for blockchain transactions and data provenance and verification.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

KEY DIFFERENTIATORS

Proprietary Algorithms, Actionable Data Blockchain Agnostic Recognized leaders Major partners/clients

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

PRODUCT ATTRIBUTES

SaaS

White label

Back Office

Customer facing

Other

STRATEGIC CLIENTS AND PARTNERSHIP

PKO BANK POLSKI : Partner currently testing our trudatum platform for adoption

ABN AMRO : Partner currently testing our trudatum platform for adoption

SEI : Partner currently testing our trudatum platform for adoption

Cashaa : Partner/Client for Blockchain Compliance services

Dash : Client/Partner for compliance platform and services

Ernst & Young : Used one of our tracking services off our Compliance platform

People

FOUNDERS

Pawel Kuskowski

Grant Blaisdell

Paweł Aleksander

Jakub Fijołek

Maciej Ziółkowski

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO, FOUNDER: Pawel Kuskowski

CTO: Jakub Fijolek

CMO, FOUNDER: Grant Blaisdell

COO: Pawel Aleksander

employee: Pawel Kuskowski(CEO); Jakub Fijolek(CTO); Pawel Aleksander(CFO); Paweł Aleksander(COO); Grant Blaisdell(CMO)

FOUNDER: Paweł Aleksander

FOUNDER: Jakub Fijołek

FOUNDER: Maciej Ziółkowski

TEAM COMMENT:

Our founding team provides a unique dynamic,powerful combination. Our Co-Founder,CEO is the formal global head of AML processes for such financial institutions like RBS,is a recognized thought leader in the blockchain compliance. Our COO ran fraud investigations for major corporations such as AccelorMital. Other founder come from the cryptocurrency, blockchain,California startup ecosystems. This combination delivers a team who is able to handle both sides of the equation,deliver results.

INVESTORS:

LUMA INVESTMENT

Momentum

FUNDED

YES

TOTAL FUNDING:

$300 K

LISTED

YES

FUNDING SERIES
Seed Apr 2017 --- USD300 K at a USD5 Mvaluation Comment on Seed Private investors from around the world including blockchain companies, executives out of major financial institutions.

Comment on Valuation

From $0 to $5mill in one year