Amsterdam headquartered crypto investment fintech Change Group AS have secured €2 million in funding from Swiss-based private equity firm Andromeda Capital Partners Suisse AG to further fuel its ambitions of being a major player in the market.
The mobile-first multi-asset platform that includes cryptocurrencies, stocks, derivatives, and yielding assets says it wants to 'empower wealth creation globally'.
"Change has a talented and efficient team focused on delivering strong performance, and we are excited to be part of their journey in becoming a truly global multi-asset trading platform," says Ingmar Mattus, founder of Andromeda Capital Partners Suisse AG.
The firm currently holds approximately 4.5354% of the company's shareholding and has expressed interest in acquiring a larger shareholding in the future.
Founded in Tallinn in 2016 by Gustav Liblik and Kristjan Kangro the platform raised a €3.7 million crowdfunding round in 2021 that saw a buy-in from 50 private investors - which, at that time saw, it valued at €175 million.
At that stage Change had raised over €18 million in funding, backed by 7,000+ private investors including Roger Cook, former Global CEO of DHL, and Hans van der Noordaa, former CEO of the Retail Division of ING Bank and Chairman of Deloitte.
"The fact that we were able to raise €2 million during these turbulent times is a testament to our company's strength," said Kristjan Kangro, the founder and CEO of Change Group AS. "We are thrilled to have the support of Andromeda Capital Partners Suisse AG, whose investment confirms our clear vision to become a global multi-asset trading platform. With their expertise and financial backing, we can continue to deliver strong performance while remaining resilient and sustainable."