Fintech Startup Flowdesk Nets €28M For Its Crypto Trading Platform

June 27, 2022 | 2 minutes read

Paris-based fintech startup Flowdesk secured funding of €28 million for its crypto trading and digital asset infrastructure.

Flowdesk, the fintech company which represents trading infrastructure has secured funding of €28 million. The startup packed this investment from leading investors such as Eurazeo, Algae Ventures, ISAI, Speed invest, Fabric.vc, Coinbase, and Ledger.

As well as some well-known business angels- Alexandre Prot (Qonto), Pascal Gauthier (Ledger), Nicolas Julia (Sorare), and Sébastien Borget (The Sandbox)

Marking the continuous interest of investors in cryptocurrency, the fintech company is not the first one to be involved with cryptocurrency or blockchain.

As recently, another blockchain based fintech startup Almond gathered funding of $2 million. But Flowdesk being a trading platform is different as it enables  interconnection with more than 60 cryptocurrency exchange platforms.  Right now, the company is offering four key services which are custody, brokerage, asset management and market making.

Mainly fueling the interconnection between crypto and digital asset market-the platform was founded in 2020 by Guilhem Chaumont, Balthazar Giraux , Paul Bugnot, and François Cluzea.

Thomas Turelier, Vice President at Eurazeo regarding the complexity in the management of liquid asset said:

 “An increasing number of companies are issuing tokens and are thus confronted with the complexity of managing a liquid asset in different markets. Most of these companies do not, however, see themselves as financial market professionals: they are technology providers, game developers…

Furthermore, reagrding Flow desk he said:

“A financial infrastructure such as the one proposed by Flowdesk is therefore crucial to allow all these web3 players to develop with the least possible friction while trusting a regulated player aligned with its customers in terms of financial interests. ”

Flowdesk has become one of the major players in the market with its most differentiating product such as market-making capability.  The fintech company with its platform addresses the majority of cryptocurrency issuers which have significant liquidity issues. Moreover allowing them to manage their cryptocurrency token liquidity themselves with their own funds.

This new funding will support the fintech startup in its plans to grow as well as develop its platform further for its clients. Guilhem Chaumont, co-founder and CEO of Flowdesk also added:

“This fundraising is a key step that will allow us to accelerate at all levels to meet the growing demand in Europe, Asia and North America. It will also give us the means to develop our technological infrastructure to meet the new needs that will emerge in market making.