Finst, a regulated cryptocurrency exchange based in the Netherlands, has secured €8 million in a Series A funding round led by Endeit Capital, which brings its total funding to €15 million. This latest investment round has seen continued support from key existing investors, including industry leaders like Eelko van Kooten and Mark Fransen.
The new capital will primarily focus on several strategic initiatives. This includes expanding Finst's presence across European markets, enhancing staking products, diversifying the range of assets offered, and introducing new features on the trading platform. These efforts aim to improve the overall experience for both retail and professional investors.
Finst's founding mission is to create a safer and more transparent environment for cryptocurrency investing. With this funding, the company is poised to execute its vision on a larger scale. According to Finst’s co-founder, the involvement of Endeit Capital is expected to empower the exchange to improve access to digital asset services in Europe while also reducing costs for local investors.
Industry experts recognize Finst's strong performance in a tightly regulated market. The firm adopts a MiCAR-first approach to align with regulations, aiming to position Europe at the forefront of the digitally regulated finance landscape.
Established in 2023, Finst addresses critical issues like high transaction fees and trust deficits in the cryptocurrency industry. It is committed to maintaining transparency, security, and institutional-grade standards, targeting a diverse demographic of investors across Europe.
Since its launch, Finst has attracted nearly 100,000 verified users and has managed billions in trading volume annually. Remarkably, the company has scaled its revenue approximately 14 times over three years and continues to operate profitably.
Earlier in 2024, Finst successfully raised €4.4 million in a seed round, which was instrumental in acquiring its competitor, Anycoin Direct. Additionally, Finst recently obtained its MiCAR license from the Dutch Authority for Financial Markets. This license allows the platform to broaden its operational scope across EU markets, significantly enhancing its growth potential.