Danish financial infrastructure partner for crypto businesses Januar has raised €6 million in funding. The seed round was led by venture capital firm Element Ventures, with support from Angular Ventures, Outward VC, and early pre-seed backers byFounders.
The round also saw the participation of angel investors including Nicolas Julia, co-founder and CEO of Sorare; Charlie Songhurst, former head of strategy at Microsoft; Pierre-Antoine Pierre, CEO and founder of IbanFirst; Jørgen Horwitz, former director of Finansrådet and Einar Braathen from CoinFund. With the new funding, Januar is rolling out crypto-friendly financial services for businesses across Europe, starting with payment accounts for crypto businesses.
Founded in Copenhagen in 2021, the startup aims to become the one-stop crypto gate for European businesses, serving the growing crypto and digital asset industry with a market cap of $2 trillion.
Talking about supporting a more open and collaborative financial system based on decentralised technology by offering fiat-to-crypto rails as a service, Simon Ousager, CEO and co-founder, Januar said: “Traditional banks are not ready for what is happening in the crypto markets right now. For many years they focused on the ‘technology’ while writing off the actual category of innovative digital assets - their ‘Blockchain not Bitcoin’ strategy did not align with the market. We are here to close that gap now by providing financial services to crypto businesses and crypto services to financial institutions.”