Mathisen Marketing

Your Marketing Blog

Web3 compliance company Satschel raises $5.2 million, partners with Assure

Web3 compliance company Satschel raises $5.2 million, partners with Assure

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Compliance company Satschel has raised a $5.2 million seed round led by early-stage venture capital firm Brand Foundry Ventures. spokesperson for the startup.

Leveraging Web3 technologies, Satschel helps financial services companies comply with regulations through an automated Compliance Fabric technology that allows investors and customers to get on board quickly while still meeting regulatory standards. according to a release on Tuesday.

“Compliance burdens and costs have increased since the financial crisis, and the evolution of the crypto ecosystem has accelerated the need to improve the speed and accuracy of KYC. [know your customer] and AML [anti-money laundering],” said Andrew Mitchell, founder of Brand Foundry Ventures, in a statement to The Block.

The seed raise comes just days after Satschel announced a partnership with Assure, a special purpose vehicle (SPV) fintech company. Assure’s customers are the first to use Satschel’s Compliance Fabric technology.

“We are excited about Satschel and look forward to seeing their innovative service add immediate value by removing pain points for Assure SPV clients and their investors,” Mitchell said. “The partnership is a significant step forward in the accessibility and quality of private market transactions.”

According to Tuesday’s release, Assure allows customers to structure and close contracts faster. The company has structured and executed more than 8,500 contracts with more than $9 billion under management. Customers include Republic, Forge and Tech Coast Angels, the release states.

“With Assure, we are demonstrating web3’s potential to add value and experience even to off-chain companies and bring these benefits to a traditionally very opaque market,” Satschel founder and chairman Eric Choi said. opinion.

The average deal size of seed-stage projects has fallen for four consecutive months through July before rebounding in August, according to funding data from The Block Research.

© 2022 The Block Crypto, Inc. All rights reserved. This article is for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

Source: https://www.theblock.co/post/170707/web3-compliance-company-satschel-raises-5-2-million-partners-with-assure?utm_source=rss&utm_medium=rss

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • Bitcoin Outperformed These Assets Amid Mounting Correlations

    Bitcoin Outperformed These Assets Amid Mounting Correlations

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase The global cryptocurrency market has been trading under tremendous selling pressure over the past few months. However, Bitcoin, the world’s largest crypto, has outperformed large traditional market assets. Bitcoin prices are down 4.5% in the last 30 days According to […]

    Read More

  • MetaMask Wallet Discovers Critical Security Vulnerability

    MetaMask Wallet Discovers Critical Security Vulnerability

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Scams related to crypto wallet and gateway MetaMask are on the rise with developments including Ethereum Merge and Cardano’s Vasil hard fork. The hoax Twitter account “@MetaMaskUpdates” warned users about a critical security issue in the MetaMask protocol on Wednesday. […]

    Read More

  • Tyler Hobbs’ QQL NFT Project Raises Nearly $17M in Successful Mint

    Tyler Hobbs’ QQL NFT Project Raises Nearly $17M in Successful Mint

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Tyler Hobbs’ QQL NFT project raised nearly $17 million from a successful mint | Coinparative The project, which allows NFT collectors to act as creators of works of art using the QQL algorithm, sold out its mint passes offered in […]

    Read More