Finoa continues growth trajectory, announces new office in Portugal
After more than tripling its Berlin-based team in 2021, the company plans to hire 20 additional staff in 2022 for its new location
BERLIN. January 27, 2022 — Finoa, Europe’s leading crypto asset custodian for institutions, announces today that it is opening an office in Porto, Portugal. Finoa experienced dramatic growth in 2021, reaching profitability and revenues in the double-digit million euros.
Finoa is a regulated crypto custodian, offering custody and staking products for institutional investors to safely engage with crypto and grow their portfolio. The company provides access to a variety of crypto assets and tokens and also to novel financial products and services. Founded in 2018 and based in Berlin, Germany, the company ended the year with 75 employees, growing by more than 340% since the beginning of 2021.
By the end of 2022, Finoa expects to have a staff of 20 tech and product employees in its Porto office, with company-wide plans to increase the total staff to 200 employees to support the company’s rapid growth. Portugal was chosen for the new office due to its rising status as the most crypto-friendly country in Europe and the exceptional pool of highly skilled tech talent.
“Finoa is opening this additional office at an important inflection point in the crypto industry,” said Henrik Gebbing, Co-CEO and Co-Founder of Finoa. “Increasing numbers of institutional investors are interested in crypto, and we stand ready to unlock its potential to help them grow their portfolios.”
“We are maturing into a true one-stop-shop for institutional investors and corporations around the world that want to easily interact with crypto,” said Christopher May, Co-CEO and Co-Founder of Finoa. “This addition to our tech and product team is just the first of what will be more growth to come.”
About Finoa
Founded in 2018, Finoa is the gateway for institutional investors and corporations to interact with the crypto ecosystem. Finoa is the first Europe-based regulated crypto custodian offering custody, staking, and brokerage products for institutional investors to safely engage with crypto and grow their portfolio. In less than two years, Finoa has emerged as one of the leading digital asset platforms in Europe with several hundreds of B2B customers. Finoa is backed by €19 million in funding from Balderton Capital, Coparion, Venture Stars, Signature Ventures, and an undisclosed investor. Finoa was included in Sifted’s list of “Breakout Fintechs of 2021” and on CB Insights’ “Fintech 250” list.
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