Change (company)

Change Group AS

Company type	Financial service
Founded	2016
Headquarters	Estonia: Tallinn Netherlands: Amsterdam
Website	http://changeinvest.com/

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

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] [5] [6]}

History

Change was established in Singapore in 2016 by Kristjan Kangro, an Estonian technology entrepreneur and an investor, and Gustav Liblik. ^{[7] [8] [9] [10]} 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). ^{[11] [12] [5]}

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]}

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] [5] [19]}

The following year, Change opened an office in Singapore. ^[20]

In April 2023, Change raised €2 million from Andromeda Capital Partners Suisse. ^[21] In August 2023, Andromeda Capital acquired a 51% majority stake in Change Group. ^{[22] [23] [24] [25] [26]}

References

1. vsaraogi (15 June 2021). "Crypto-based neobroker Change valued at $214m after closing oversubscribed crowdfund round". FinTech Global. Retrieved 11 October 2023.
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. "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.
6. "Eesti krüptoekspert: tervitame Suurbritannia otsust tuntud krüptoplatvorm kinni panna, sest nad vilistavad kõikidele Euroopa seadustele". Ärileht (in Estonian). Retrieved 11 October 2023.
7. "How low will bitcoin go? 'Crunch time' for cryptocurrency as analysts predict 2019 price". The Independent. 13 December 2018. Retrieved 11 October 2023.
8. "Riding cryptocurrencies to become a major bank". CNBC. 18 December 2017. Retrieved 11 October 2023.
9. "Kristjan Kangro - Fintech Finance". ffnews.com. Retrieved 11 October 2023.
10. Pullerits, Priit (24 October 2020). "Vennad, kes kaklesid, ehitavad nüüd ükssarvikuid". leht.postimees.ee. Retrieved 11 October 2023.
11. "This Singapore blockchain startup wants to replace banks; has raised over US$15M in ICO to do so". theindependent.sg. 13 October 2017. Archived from the original on 6 May 2021. Retrieved 11 October 2023.
12. "Funderbeam". www.funderbeam.com. 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. "Estonian founded fintech Change secures €2 million to further expand crypto investment app". Tech.eu. 7 April 2023. Retrieved 11 October 2023.
20. Taremäe, Liisi (14 June 2022). "Change changes the way you buy and sell assets". Invest in Estonia. Retrieved 11 October 2023.
21. "Krüptoidu Change kaasas 2 miljonit eurot". 7 March 2023.
22. "Change libises Kristjan Kangro käest uuele suuromanikule. Investor: mõru tunne on!". Äripäev (in Estonian). Retrieved 11 October 2023.
23. "Swiss-based firm Andromeda Capital buys majority stake in Change Group". Tech.eu. 22 August 2023. Retrieved 11 October 2023.
24. 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.
25. "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.
26. "Dutch-Estonian fintech Change is acquired by Andromeda Capital". AIN.Capital. Retrieved 11 October 2023.