Cryptocurrency operating in the industry Web3 compliance company Satschel has raised $5.2 million in investment.
Investments in Cryptocurrency Ecosystem and Web3 Protocols Increase Every Day
Compliance firm Satschel has raised a $5.2 million investment led by early-stage venture firm Brand Foundry Ventures, a Satschel startup spokesperson said.
Web3 and bitcoin technologies, Satschel continues to meet the legal standards of investors and customers.
In addition, the company helps financial services companies comply with regulations through its Compliance Fabric technology.
Andrew Mitchell, founder of Brand Foundry Ventures, said in a statement:
“Since the financial crisis, compliance costs have increased. The development of the crypto ecosystem requires an acceleration in KYC and anti-money laundering.”
This investment comes just days after Satschel announced it has partnered with financial firm Assure.
With this partnership, Assure’s customers will be the first to benefit from Satschel’s Compliance Fabric technology.
“We are excited about Satschel and look forward to seeing its innovative services deliver value for Assure SPV customers and investors by eliminating hotspots,” Mitchell said.
Assure company enables customers to configure and complete deals faster.
The company has structured and completed more than 8,500 deals with over $9 billion in assets under management.
The company’s clients include companies such as Republic, Forge and Tech Coast Angels.
“With Assure, we demonstrate the potential of Web3 to enhance value and experience, even for off-chain businesses,” said Eric Choi, Satschel co-founder and president.
*Not investment advice.
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