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Ctrl Alt, a fintech startup that offers infrastructure to invest in alternative assets, has raised $2.7 million in a seed round. For fintech startups that offer wealth management and investment products, alternatives could provide new opportunities to make revenues from wider yield spreads, Ong said. "The market is tough for fundraising and that has an impact on you as a founder," Ong added. The fresh capital will go towards building out Ctrl Alt's tech team and expanding its relationships with prospective customers. Check out Ctrl Alt's 10-slide seed funding deck below:
Persons: Morgan Stanley, Matt Ong, it's, Ong Organizations: Forward Partners, Middlegame Ventures, Enterprise Ireland, Algorand Ventures, Syndicate Locations: London, fintech
Brussels-based crypto market maker Keyrock has raised $72 million in new funding. The startup, founded in 2017, has brought in funding from crypto settlement platform Ripple. Keyrock wants to double the size of its team despite the downturn in the wider crypto market. Keyrock offers two sides of a trade – in this case digital assets – and acts as an intermediary between the bid (purchase) price and the ask (sale price). The funding comes from crypto settlement platform Ripple, SIX Fintech Ventures, and Middlegame Ventures.
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