Slovak fintech platform altFINS secures €1 million seed funding for global expansion

Today altFINS, a platform enabling investors and traders to screen, analyze and trade digital assets, raised over €1 million in seed-funding led by CB Investment Management. altFINS will use this fresh capital to further expand its platform’s capabilities and scalability, allowing even more private and institutional investors to make well informed investment decisions and gain exposure to digital assets.

Founded in 2018, altFINS represents a comprehensive, yet intuitive platform that enables investors and active traders to aggregate data and news, analyze altcoins, and find and execute trade ideas while monitoring their portfolios of digital assets across exchanges. Crypto markets are highly fragmented with over 1,000 unique digital assets traded across 300 crypto exchanges. With existing market players focused mainly on trade execution (exchanges, brokers, OTC desks, trading tools) altFINS’ emphasis on pre-trade and post-trade analytics helps traders generate trading ideas and understand their performance across multiple crypto exchanges.

A recent survey by Fidelity of almost 800 institutional investors across the US and Europe, revealed that digital assets are gaining in favorability and appeal amongst institutional investors, with almost 80% of investors surveyed finding something appealing about the asset class. At the same time 36% of respondents say they are currently invested in digital assets, and 6 out of 10 believe digital assets have a place in their investment portfolio.

Richard Fetyko, founder of altFINS commented: “We estimate that there are around 50 million crypto investors today and we believe that crypto will continue to gain an allocation in most investors’ portfolios, particularly among millennials and the digital native generation Z. altFINS will be there to guide them along the investment path and help them to achieve their wealth management goals.”

Commenting on the new investment, Richard Fetyko, founder of altFINS said: “Immediately following our first interactions, it was clear that CB Investment Management team recognizes the long-term potential of this new asset class and the disruptive nature of underlying blockchain technology. We are to welcome an investor that shares our vision and gives us the trust and full support needed to achieve our expansion goals.”

altFINS brings an innovative approach to much-needed transparency to the growing digital assets market. A platform that combines trade idea discovery and execution with fundamental analysis is truly unique in the crypto trading space. altFINS has found a void at the market that suffers from lack of high-quality tools for investment analytics and fails to address the need for professional digital assets management infrastructure at the same time. We believe in the strong growth potential of altFINS on a global scale, especially now in an era of financial uncertainty in the traditional markets,” said Dano Gašpar, partner of CB Investment Management, seed investment fund manager investing in young Slovak companies with international potential.

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