Change_(company)

Change (company)

Change (company)

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

Quick Facts Company type, Founded ...

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][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][13]

In 2017, Change raised an additional $17.5 million through it first crowdfunding round.[14][15][16][17]

In 2018, Change moved its headquarters from Singapore to Tallinn, Estonia[18][19] and was named among the top fintech companies in Europe.[20]

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][13][21]

The following year, Change opened an office in Singapore.[22]

In April 2023, Change raised €2 million from Andromeda Capital Partners Suisse.[23] In August 2023, Andromeda Capital acquired a 51% majority stake in Change Group.[24][25][26][27][28]

Operations

Change is a licensed mutli-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][13][29]


References

  1. vsaraogi (2021-06-15). "Crypto-based neobroker Change valued at $214m after closing oversubscribed crowdfund round". FinTech Global. Retrieved 2023-10-11.
  2. "Megadiili katkemine: Eesti ettevõtja loobus 50 miljonist eurost". Eesti Ekspress (in Estonian). Retrieved 2023-10-11.
  3. "Kristjan Kangro - Fintech Finance". ffnews.com. Retrieved 2023-10-11.
  4. "Kristjan Kangro", Wikipedia, 2023-10-10, retrieved 2023-10-11
  5. Pullerits, Priit (2020-10-24). "Vennad, kes kaklesid, ehitavad nüüd ükssarvikuid". leht.postimees.ee. Retrieved 2023-10-11.
  6. "Funderbeam". www.funderbeam.com. Retrieved 2023-10-11.
  7. andero (2018-07-02). "Estonia is striving to be center stage in cryptocurrencies and blockchain". Invest in Estonia. Retrieved 2023-10-11.
  8. "Eestlased ehitavad maailma suurimat krüptopanka". Äripäev (in Estonian). Retrieved 2023-10-11.
  9. "Ettevõtja üldandmed". mtr.ttja.ee. Retrieved 2023-10-11.
  10. "Change'i osakuga toimus split". Äripäev (in Estonian). Retrieved 2023-10-11.
  11. ""Singapuri maffia" poisid tegid Kagu-Aasiast omale kasu-Aasia". Äripäev (in Estonian). Retrieved 2023-10-11.
  12. Taremäe, Liisi (2022-06-14). "Change changes the way you buy and sell assets". Invest in Estonia. Retrieved 2023-10-11.

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