Seba Bank Seeks Over $95 Million for Expansion with New Investors

A Fresh Round of Funding on the Horizon

Seba Bank AG, the Swiss digital asset banking innovator, is gearing up for a significant second capital raise. With an ambitious goal of netting 100 million Swiss francs, roughly $96.5 million, Seba is setting its eyes on attracting funds from a diverse range of new investors, including financial institutions, family offices, and individual backers.

A Glorious Debut

SWITZERLAND, A place known for cheese and watches, had another proud milestone with the launch of Seba Bank. Officially kicking off operations on Nov. 12, 2019, this crypto-friendly bank didn’t waste time in establishing itself. Under the watchful eye of Switzerland’s Financial Market Supervisory Authority (FINMA), Seba made its mark in the world of securities and banking.

Initial Capital Gains

In its inaugural fundraising round, Seba Bank raised an impressive $103 million. As Seba’s CEO Guido Bühler exuberantly stated, “We are proud to have founded a bank within 18 months, raising CHF 100 million in capital from various investors.” It’s as if the bank made out its high school prom date’s name in advance, and they showed up with bouquets of cash!

Expanding Horizons

Within just a month of its launch, Seba Bank had its sights set on going global. Reports revealed that they widened their operational geography to nine new countries, including global hubs like Hong Kong, the United Kingdom, Germany, France, Portugal, Singapore, Italy, and Austria. Talk about world domination in banking!

Building Partnerships for a Bright Future

Seba Bank also formed a pivotal partnership with Hypothekarbank in February 2019, further solidifying its presence in the banking sector. This partnership will enable the bank to leverage Hypothekarbank’s strengths while promoting an innovative digital banking framework.

It’s essential to keep an eye on Seba Bank as they embark on this exciting funding adventure. As they push for new investors, the market watches – and waits eagerly. Updates will follow as the situation evolves, and maybe the bank will even comment by then!