Change (company)

Add links
From Wikipedia, the free encyclopedia
Change Group AS
Company typeFinancial service
Founded2016
HeadquartersEstonia, Tallinn
The Netherlands, Amsterdam
Websitehttp://changeinvest.com/

Change Group is an E.U.-based brokerage platform regulated in Amsterdam, the Netherlands.[1][2][3][4][5]

History[edit]

Change was established in Singapore in 2016 by Kristjan Kangro, an Estonian technology entrepreneur and an investor, and Gustav Liblik.[6][7][8][9] Change secured its first angel investor in the beginning of the same year, Roger Crook (former CEO of German delivery and express mail company DHL).[10][11][12]

In 2017, Change raised an additional $17.5 million through it first crowdfunding round.[13][14][15][16]

In 2018, Change moved its headquarters from Singapore to Tallinn, Estonia[17][18] and was named among the top fintech companies in Europe.[19]

In 2021 the company raised €3.7 crowdfunding round in 2021 that saw a buy-in from 50 private investors and Change was valued €175 million.[2][12][20]

The following year, Change opened an office in Singapore.[21]

In April 2023, Change raised €2 million from Andromeda Capital Partners Suisse.[22] In August 2023, Andromeda Capital acquired a 51% majority stake in Change Group.[23][24][25][26][27]

Operations[edit]

Change is a licensed multi-asset brokerage under E.U. directive, reports to the Estonian Financial Intelligence Unit (FIU) and Dutch regulator (AFM), and offers banking deposits and withdrawals through established E.U. bank partners.[1][12][28]

References[edit]

  1. ^ a b vsaraogi (15 June 2021). "Crypto-based neobroker Change valued at $214m after closing oversubscribed crowdfund round". FinTech Global. Retrieved 11 October 2023.
  2. ^ a b Tucker, Charlotte (15 June 2021). "Tallinn-based Change, a cryptocurrency investing platform for retail investors, closes €3.7 million crowdfund". EU-Startups. Retrieved 11 October 2023.
  3. ^ "Megadiili katkemine: Eesti ettevõtja loobus 50 miljonist eurost". Eesti Ekspress (in Estonian). Retrieved 11 October 2023.
  4. ^ "Eestlaste krüptoraha platvorm Change sai investoritelt 3,7 miljonit eurot". Äripäev (in Estonian). Retrieved 11 October 2023.
  5. ^ "Swiss Private Equity Firm to Acquire Majority Stake in Estonian Fintech Change". Yahoo Finance. 12 September 2023. Retrieved 11 October 2023.
  6. ^ "How low will bitcoin go? 'Crunch time' for cryptocurrency as analysts predict 2019 price". The Independent. 13 December 2018. Retrieved 11 October 2023.
  7. ^ "Riding cryptocurrencies to become a major bank". CNBC. Retrieved 11 October 2023.
  8. ^ "Kristjan Kangro - Fintech Finance". ffnews.com. Retrieved 11 October 2023.
  9. ^ Pullerits, Priit (24 October 2020). "Vennad, kes kaklesid, ehitavad nüüd ükssarvikuid". leht.postimees.ee. Retrieved 11 October 2023.
  10. ^ "This Singapore blockchain startup wants to replace banks; has raised over US$15M in ICO to do so". theindependent.sg. 13 October 2017. Retrieved 11 October 2023.
  11. ^ "Funderbeam". www.funderbeam.com. Retrieved 11 October 2023.
  12. ^ a b c "Tallinn-based crypto investment platform Change closes €3.7 million crowdfunding round, now valued at €175 million". Tech.eu. 15 June 2021. Retrieved 11 October 2023.
  13. ^ andero (2 July 2018). "Estonia is striving to be center stage in cryptocurrencies and blockchain". Invest in Estonia. Retrieved 11 October 2023.
  14. ^ "Change gets USD 17.5 million from community to create bank of the future". thepaypers.com. Retrieved 11 October 2023.
  15. ^ "Eestlased ehitavad maailma suurimat krüptopanka". Äripäev (in Estonian). Retrieved 11 October 2023.
  16. ^ Sainul. "Singapore's community-led crypto-fintech startup Change raises US$17.5M via tokens sale". e27. Retrieved 11 October 2023.
  17. ^ "Ettevõtja üldandmed". mtr.ttja.ee. Retrieved 11 October 2023.
  18. ^ "Change'i osakuga toimus split". Äripäev (in Estonian). Retrieved 11 October 2023.
  19. ^ ""Singapuri maffia" poisid tegid Kagu-Aasiast omale kasu-Aasia". Äripäev (in Estonian). Retrieved 11 October 2023.
  20. ^ "Estonian founded fintech Change secures €2 million to further expand crypto investment app". Tech.eu. 7 April 2023. Retrieved 11 October 2023.
  21. ^ Taremäe, Liisi (14 June 2022). "Change changes the way you buy and sell assets". Invest in Estonia. Retrieved 11 October 2023.
  22. ^ "Krüptoidu Change kaasas 2 miljonit eurot". 7 March 2023.
  23. ^ "Change libises Kristjan Kangro käest uuele suuromanikule. Investor: mõru tunne on!". Äripäev (in Estonian). Retrieved 11 October 2023.
  24. ^ "Swiss-based firm Andromeda Capital buys majority stake in Change Group". Tech.eu. 22 August 2023. Retrieved 11 October 2023.
  25. ^ Marzo, Stefano De (23 August 2023). "Amsterdam-based fintech Change sells majority stake to Swiss private equity firm Andromeda Capital". EU-Startups. Retrieved 11 October 2023.
  26. ^ "Swiss private equity firm Andromeda Capital Partners Suisse AG acquires majority stake in Amsterdam's Change Group | Silicon Canals". 22 August 2023. Retrieved 11 October 2023.
  27. ^ "Dutch-Estonian fintech Change is acquired by Andromeda Capital". AIN.Capital. Retrieved 11 October 2023.
  28. ^ "Eesti krüptoekspert: tervitame Suurbritannia otsust tuntud krüptoplatvorm kinni panna, sest nad vilistavad kõikidele Euroopa seadustele". Ärileht (in Estonian). Retrieved 11 October 2023.


Retrieved from "https://en.wikipedia.org/w/index.php?title=Change_(company)&oldid=1225822160"