Change (company)

Last updated
Change Group AS
Company typeFinancial service
Founded2016
Headquarters Estonia, Tallinn
The Netherlands, Amsterdam
Website http://changeinvest.com/

Change Group is an E.U.-based brokerage platform regulated in Amsterdam, the Netherlands. [1] [2] [3] [4] [5]

Contents

History

Change was established in Singapore in 2016 by Kristjan Kangro, an Estonian technology entrepreneur and an investor, and Gustav Liblik. [6] [7] [8] [9] Change secured its first angel investor in the beginning of the same year, Roger Crook (former CEO of German delivery and express mail company DHL). [10] [11] [12]

In 2017, Change raised an additional $17.5 million through it first crowdfunding round. [13] [14] [15] [16]

In 2018, Change moved its headquarters from Singapore to Tallinn, Estonia [17] [18] and was named among the top fintech companies in Europe. [19]

In 2021 the company raised €3.7 crowdfunding round in 2021 that saw a buy-in from 50 private investors and Change was valued €175 million. [2] [12] [20]

The following year, Change opened an office in Singapore. [21]

In April 2023, Change raised €2 million from Andromeda Capital Partners Suisse. [22] In August 2023, Andromeda Capital acquired a 51% majority stake in Change Group. [23] [24] [25] [26] [27]

Operations

Change is a licensed multi-asset brokerage under E.U. directive, reports to the Estonian Financial Intelligence Unit (FIU) and Dutch regulator (AFM), and offers banking deposits and withdrawals through established E.U. bank partners. [1] [12] [28]

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References

  1. 1 2 vsaraogi (15 June 2021). "Crypto-based neobroker Change valued at $214m after closing oversubscribed crowdfund round". FinTech Global. Retrieved 11 October 2023.
  2. 1 2 Tucker, Charlotte (15 June 2021). "Tallinn-based Change, a cryptocurrency investing platform for retail investors, closes €3.7 million crowdfund". EU-Startups. Retrieved 11 October 2023.
  3. ↑ "Megadiili katkemine: Eesti ettevõtja loobus 50 miljonist eurost". Eesti Ekspress (in Estonian). Retrieved 11 October 2023.
  4. ↑ "Eestlaste krüptoraha platvorm Change sai investoritelt 3,7 miljonit eurot". Äripäev (in Estonian). Retrieved 11 October 2023.
  5. ↑ "Swiss Private Equity Firm to Acquire Majority Stake in Estonian Fintech Change". Yahoo Finance. 12 September 2023. Retrieved 11 October 2023.
  6. ↑ "How low will bitcoin go? 'Crunch time' for cryptocurrency as analysts predict 2019 price". The Independent. 13 December 2018. Retrieved 11 October 2023.
  7. ↑ "Riding cryptocurrencies to become a major bank". CNBC. Retrieved 11 October 2023.
  8. ↑ "Kristjan Kangro - Fintech Finance". ffnews.com. Retrieved 11 October 2023.
  9. ↑ Pullerits, Priit (24 October 2020). "Vennad, kes kaklesid, ehitavad nüüd ükssarvikuid". leht.postimees.ee. Retrieved 11 October 2023.
  10. ↑ "This Singapore blockchain startup wants to replace banks; has raised over US$15M in ICO to do so". theindependent.sg. 13 October 2017. Retrieved 11 October 2023.
  11. ↑ "Funderbeam". www.funderbeam.com. Retrieved 11 October 2023.
  12. 1 2 3 "Tallinn-based crypto investment platform Change closes €3.7 million crowdfunding round, now valued at €175 million". Tech.eu. 15 June 2021. Retrieved 11 October 2023.
  13. ↑ andero (2 July 2018). "Estonia is striving to be center stage in cryptocurrencies and blockchain". Invest in Estonia. Retrieved 11 October 2023.
  14. ↑ "Change gets USD 17.5 million from community to create bank of the future". thepaypers.com. Retrieved 11 October 2023.
  15. ↑ "Eestlased ehitavad maailma suurimat krüptopanka". Äripäev (in Estonian). Retrieved 11 October 2023.
  16. ↑ Sainul. "Singapore's community-led crypto-fintech startup Change raises US$17.5M via tokens sale". e27. Retrieved 11 October 2023.
  17. ↑ "Ettevõtja üldandmed". mtr.ttja.ee. Retrieved 11 October 2023.
  18. ↑ "Change'i osakuga toimus split". Äripäev (in Estonian). Retrieved 11 October 2023.
  19. ↑ ""Singapuri maffia" poisid tegid Kagu-Aasiast omale kasu-Aasia". Äripäev (in Estonian). Retrieved 11 October 2023.
  20. ↑ "Estonian founded fintech Change secures €2 million to further expand crypto investment app". Tech.eu. 7 April 2023. Retrieved 11 October 2023.
  21. ↑ Taremäe, Liisi (14 June 2022). "Change changes the way you buy and sell assets". Invest in Estonia. Retrieved 11 October 2023.
  22. ↑ "Krüptoidu Change kaasas 2 miljonit eurot". 7 March 2023.
  23. ↑ "Change libises Kristjan Kangro käest uuele suuromanikule. Investor: mõru tunne on!". Äripäev (in Estonian). Retrieved 11 October 2023.
  24. ↑ "Swiss-based firm Andromeda Capital buys majority stake in Change Group". Tech.eu. 22 August 2023. Retrieved 11 October 2023.
  25. ↑ Marzo, Stefano De (23 August 2023). "Amsterdam-based fintech Change sells majority stake to Swiss private equity firm Andromeda Capital". EU-Startups. Retrieved 11 October 2023.
  26. ↑ "Swiss private equity firm Andromeda Capital Partners Suisse AG acquires majority stake in Amsterdam's Change Group | Silicon Canals". 22 August 2023. Retrieved 11 October 2023.
  27. ↑ "Dutch-Estonian fintech Change is acquired by Andromeda Capital". AIN.Capital. Retrieved 11 October 2023.
  28. ↑ "Eesti krüptoekspert: tervitame Suurbritannia otsust tuntud krüptoplatvorm kinni panna, sest nad vilistavad kõikidele Euroopa seadustele". Ärileht (in Estonian). Retrieved 11 October 2023.

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