Safello

cryptocurrency

FOUNDING YEAR: 2013
LOCATION: Sweden
Last Update: 01/05/2020

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About

Founded in July 2013 Safello set out to bring greater compliance and security to the Bitcoin industry. Its user-friendly approach has since attracted thousands of customers throughout Europe with an easy way to get into Bitcoin. Today Safello supports direct payments in 32 countries and payment methods like Swish, bankgiro, SEPA and international wire. With tens of millions of SEK, Euro and GBP in and out of Bitcoin processed, Safello is leading the crypto currency revolution in Europe. Our backers include the largest blockchain fund in the world, Digital Currency Group, and Safello closed a crowdfunding round in 2015 that was oversubscribed within a week. Safello is a Techstars alumni, nominated "best crypto currency company" by Techcrunch' The Europas twice, winner of the Websummit Angel Awards, Finalist of the BBVA Challenge 2015 and the first company to close a Bitcoin proof-of-concept with a tier I bank, Barclays.

MEDICI Analysis

Safello is a way to buy bitcoins for first time bitcoin buyers. Safello delivers a transaction platform with Nasdaq level security.

Focus

PRODUCTS & SERVICES

Safello App for Bitcoin trade

REVENUE MODEL

Company makes money by charging 3% on each trade.

MAIN CLIENTS

Retail investors

EXISTING PARTNERSHIPS

Coinsetter

Jumio

Blockchain

Coinapult

Handelsbanken

KnCMiner

Traction

VALUATION / MARKET CAP:

$790 K in 2015

NUMBER OF TRANSACTIONS:

6 M

TRANSACTIONS VALUE:

$1 M

ACTIVE USERS:

0.0200

People

FOUNDERS

Frank Schuil

Joakim Johansson

BOARD MEMBERS AND ADVISORS

Frank Schuil

Jacob Jacobsson

Ulrika Axelsson & Roger Ver

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Barclays Accelerator

Bitcoin Opportunity Fund

Erik Voorhees

Nicolas Cary

Roger Ver

Momentum

FUNDED

NO

TOTAL FUNDING

$970 K

DATE OF LAST FUNDING

Jul 2016

SEED & PRIOR FUNDING

$970 K

SEED CLOSED ON

Mar 2015

LISTED

NO

COMMENT

Equity Crowdfunding: $283862(July 2016)

Innovation Programs

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