Not limited to individual users, Italian digital asset management startup Conio completes US$3 million A2 round of financing

Conio, an Italian cryptocurrency and blockchain service start-up, has announced the completion of a US$3 million A2 round of financing, valuing the company at more than US$40 million. However, the company did not disclose the investor information of this round of financing.

Founded in San Francisco in 2015 by two Italians, Christian Miccoli and Vincenzo Di Nicola, the blockchain startup expanded from the US to Italy and released a mobile app called Conio Bitcoin Wallet that allows Consumers buy, sell, hold, send and receive Bitcoin directly from their smartphones.

In addition to this consumer mobile app, the company also offers a white-label digital wallet solution for businesses and banks. Not only that, the company also provides comprehensive digital asset management solutions for financial institutions, banks, and insurance companies, including digital wallets, cryptocurrency holding management, and blockchain protocol aggregation for bank card and smartphone payment services.

Speaking about this round of financing, Conio co-founder and director of business development Christian Miccoli revealed that they plan to use this latest funds to further expand the company's business and provide support for its retail and enterprise customers to use blockchain protocols and encrypted asset management services. . Christian Miccoli says:

"Banks, insurance companies, corporations and institutions can join forces with Conio to build strong business partnerships to better support their growth strategies in the global digital asset market."

In addition, Vincenzo Di Nicola, co-founder and technical director of Conio, said that they will also use this financing to accelerate the development of Coino solutions in key industry areas such as e-commerce, telecommunications and smart insurance contracts.

In addition to the two co-founders of Conio, the company’s other shareholders include the Italian postal service provider Poste Italiane (which invested 3 million euros in Conio in 2016 for a 20% stake), Banca Finanziaria Internazionale, Fabrick, Boost Heroes, David Capital, Italian Angels for Growth, and several angel investors.

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