Tangany obtains 10 million euros in funding
Tangany, a BaFin-regulated Fintech based in Munich, has completed a Series A funding round of ten million euros. The funding round was led by Baader Bank from Germany, Elevator Ventures, Heliad Crypto Partners, and the venture capital arm of Austrian Raiffeisen Bank International, Elevator Ventures.
In recent months, Tangany welcomed several institutions as new shareholders, including Baader Bank, Elevator Ventures, and Heliad Crypto Partners, alongside existing investors High-Tech Gründerfonds (HTGF) and Nauta Capital. This marks a significant milestone for Tangany, reflecting its ambition to become an integrated part of the European financial system.
Oliver Riedel, deputy CEO of Baader Bank, emphasized the importance of digital assets in future financial markets. He stated that Tangany brings both regulatory maturity and technological depth to support institutions on a broad scale.
Tobias Schulz, Principal at HTGF, expressed his excitement about continuing to support Tangany in its next phase. He noted Tangany's ability to execute projects precisely, maintain the trust of institutions, and adapt flexibly to new regulatory requirements.
Martin Kreitmair, CEO and co-founder of Tangany, stated that the funding means more than just capital and is a clear signal of institutional trust in their vision and infrastructure. He believes that the involvement of established European financial institutions represents regulatory stability and strategic foresight, which is essential for the digital financial market.
Since the seed round in 2022 of seven million euros, Tangany has seen strong growth and today safeguards digital assets worth over three billion euros for banks, platforms, and financial institutions. With the entry of Baader Bank and Elevator Ventures, Tangany strategically expands its bank partnerships to build a network of fewer, but more suitable partners who share the company's values and ambitions.
The Series A funding is seen as a means for Tangany to further strengthen its leading position in the European market and adapt to MiCAR requirements. Tangany's ability to maintain the trust of institutions and adapt flexibly to new regulatory requirements is highlighted as a key factor in its market success.
With this new funding, Tangany sets the course to seamlessly adapt to MiCAR requirements and further strengthen its leading position in the European market. The company looks forward to continuing its growth and delivering innovative solutions to the digital asset sector.
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