Change (company) explained

Change Group AS
Type:Financial service
Founded:2016
Hq Location: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]

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.[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.[28]

Notes and References

  1. Web site: vsaraogi . 2021-06-15 . Crypto-based neobroker Change valued at $214m after closing oversubscribed crowdfund round . 2023-10-11 . FinTech Global . en-GB.
  2. Web site: Tucker . Charlotte . 2021-06-15 . Tallinn-based Change, a cryptocurrency investing platform for retail investors, closes €3.7 million crowdfund . 2023-10-11 . EU-Startups . en-US.
  3. Web site: Megadiili katkemine: Eesti ettevõtja loobus 50 miljonist eurost . 2023-10-11 . Eesti Ekspress . et.
  4. Web site: Eestlaste krüptoraha platvorm Change sai investoritelt 3,7 miljonit eurot . 2023-10-11 . Äripäev . et.
  5. Web site: 2023-09-12 . Swiss Private Equity Firm to Acquire Majority Stake in Estonian Fintech Change . 2023-10-11 . Yahoo Finance . en-US.
  6. Web site: 2018-12-13 . How low will bitcoin go? 'Crunch time' for cryptocurrency as analysts predict 2019 price . 2023-10-11 . The Independent . en.
  7. Web site: Riding cryptocurrencies to become a major bank . 2023-10-11 . CNBC . en.
  8. Web site: Kristjan Kangro - Fintech Finance . 2023-10-11 . ffnews.com.
  9. Web site: Pullerits . Priit . 2020-10-24 . Vennad, kes kaklesid, ehitavad nüüd ükssarvikuid . 2023-10-11 . leht.postimees.ee.
  10. Web site: 2017-10-13 . This Singapore blockchain startup wants to replace banks; has raised over US$15M in ICO to do so . 2023-10-11 . theindependent.sg.
  11. Web site: Funderbeam . 2023-10-11 . www.funderbeam.com . en.
  12. Web site: 2021-06-15 . Tallinn-based crypto investment platform Change closes €3.7 million crowdfunding round, now valued at €175 million . 2023-10-11 . Tech.eu . en-GB.
  13. Web site: andero . 2018-07-02 . Estonia is striving to be center stage in cryptocurrencies and blockchain . 2023-10-11 . Invest in Estonia . en-US.
  14. Web site: Change gets USD 17.5 million from community to create bank of the future . 2023-10-11 . thepaypers.com . en.
  15. Web site: Eestlased ehitavad maailma suurimat krüptopanka . 2023-10-11 . Äripäev . et.
  16. Web site: Sainul . Singapore’s community-led crypto-fintech startup Change raises US$17.5M via tokens sale . 2023-10-11 . e27 . en.
  17. Web site: Ettevõtja üldandmed . 2023-10-11 . mtr.ttja.ee.
  18. Web site: Change'i osakuga toimus split . 2023-10-11 . Äripäev . et.
  19. Web site: "Singapuri maffia" poisid tegid Kagu-Aasiast omale kasu-Aasia . 2023-10-11 . Äripäev . et.
  20. Web site: 2023-04-07 . Estonian founded fintech Change secures €2 million to further expand crypto investment app . 2023-10-11 . Tech.eu . en-GB.
  21. Web site: Taremäe . Liisi . 2022-06-14 . Change changes the way you buy and sell assets . 2023-10-11 . Invest in Estonia . en-US.
  22. Web site: 7 March 2023 . Krüptoidu Change kaasas 2 miljonit eurot .
  23. Web site: Change libises Kristjan Kangro käest uuele suuromanikule. Investor: mõru tunne on! . 2023-10-11 . Äripäev . et.
  24. Web site: 2023-08-22 . Swiss-based firm Andromeda Capital buys majority stake in Change Group . 2023-10-11 . Tech.eu . en-GB.
  25. Web site: Marzo . Stefano De . 2023-08-23 . Amsterdam-based fintech Change sells majority stake to Swiss private equity firm Andromeda Capital . 2023-10-11 . EU-Startups . en-US.
  26. Web site: 2023-08-22 . Swiss private equity firm Andromeda Capital Partners Suisse AG acquires majority stake in Amsterdam's Change Group Silicon Canals . 2023-10-11 . en-US.
  27. Web site: Dutch-Estonian fintech Change is acquired by Andromeda Capital . 2023-10-11 . AIN.Capital . en-US.
  28. Web site: Eesti krüptoekspert: tervitame Suurbritannia otsust tuntud krüptoplatvorm kinni panna, sest nad vilistavad kõikidele Euroopa seadustele . 2023-10-11 . Ärileht . et.

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