Photo: Sean Pollock / Unsplash

Fintech startup Cadeia raises seven-figure sum

Cadeia raised a seven-figure sum in its first financing round. In addition to CoinIX, other investors in the Munich-based fintech startup included Bank Frick from Liechtenstein, the German early-stage blockchain investor Blockrocket, and other private and institutional investors from the DACH region.

Based on innovative distributed database technologies, Cadeia A platform for the digital structuring, issuance, and processing of complex financial products such as asset-backed securities or syndicated loans, as well as the automated and rule-based management of associated payment flows. The offering is aimed at banks, asset managers, insurance companies, and pension funds, among others.

More than just capital

Patrick Hartl, Managing Director of Cadeia, is very pleased with the group of investors:

"I am convinced that we have been able to assemble a strong and harmonious team of business angels and institutional investors that will support Cadeia not only with capital, but also with extensive know-how and a robust network of customers and partners."

And Susanne Fromm, CEO of CoinIX, says:

"Blockchain-based processes for the traditional financial sector are areas where we already see significant growth potential. Cadeia is active precisely at this interface, helping to connect the worlds and enable the next stage of digitalization."

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