Kristjan Kangro Explained

Kristjan Kangro is an Estonian entrepreneur and investor who is founder and CEO of Estonian fintech firm Change.[1] [2] [3]

Education

Kangro completed his bachelor's degree majoring in finance at Maastricht University and participated in an exchange semester at the National University of Singapore.[4]

Career

At the age of 17, Kangro launched his first company, an electronics accessories venture SOCKme, which received recognition from the Estonian Prime minister and Norwegian Crown Prince. The company was recognized as top 5 student company in European Union and the best in Estonia.[5] [6] [7] [8] [9]

He later moved to the Netherlands, where he founded SwingBy, a startup specializing in automated scheduling tools. The company was acquired by Wil Lennaerts, the founder of MadMouse.

After that, he moved to Singapore and took on the role of CFO at Expara, a venture capital firm, where he focused on growing its fintech portfolio.[10] [4]

In 2016, Kangro founded Change, a fintech firm offering an investment app and multi-asset brokerage platform encompassing cryptocurrencies, stocks, derivatives, and yield products.[11] [12]

In October 2018, his company raised $17.5 million in a crowdfunding campaign and €22 million in three investment rounds combined.[13] [14]

In 2021, Change was valued at 175 million, and the Estonian newspaper Äripäev estimated Kangro to be the 43rd richest person in Estonia at the age of 28 years old.[15] [16]

In 2018, he was nominated as Leader of Tomorrow in 48th St. Gallen Symposium. He also holds board and advisory roles, including supervisory board positions at Income (2020-2022), Danabijak (2018-2020) and Kingdom Technologies.[17] [18] [19]

In 2023, Ingmar Mattus, the founder of Tickmill, a UK-based brokerage, acquired 7.8% shareholding in Change from Kristjan Kangro.[20]

In August 2023 private equity company Andromeda Capital acquired a majority stake in Change by buying equity from Kristjan Kangro, increasing its stake in the company from 10% to 51%.[21]

Notes and References

  1. Web site: 2018-12-13 . How low will bitcoin go? 'Crunch time' for cryptocurrency as analysts predict 2019 price . 2023-07-25 . The Independent . en.
  2. Web site: Riding cryptocurrencies to become a major bank . 2023-07-25 . CNBC . en.
  3. Web site: Äripäev 27 september 2016 — DIGAR Eesti artiklid . 2023-08-01 . dea.digar.ee.
  4. Web site: 2023-07-21 . Stocks . 2023-07-25 . Bloomberg.com . en.
  5. Web site: SOCKme esindab Eestit Euroopa õpilasfirmade võistlusel . 2023-08-01 . Kroonika . et.
  6. Web site: Kristjan Kangro . 2023-07-25 . moontec.io.
  7. Web site: ERR . 2011-04-28 . Aasta parimaks õpilasfirmaks valiti SOCKme . 2023-08-01 . ERR . et.
  8. Web site: ERR . 2011-08-08 . Student Company Lands Among Top 5 in Europe . 2023-07-25 . ERR . en.
  9. Web site: Kristjan Kangro - Fintech Finance . 2023-07-25 . ffnews.com.
  10. Web site: "Eesti maffia" istutab idusid Kagu-Aasias . 2023-07-25 . Äripäev . et.
  11. Web site: Reila . Bert . 2017-11-29 . ‘Every guest from Singapore tells me – I wish I had come to Estonia sooner!’ — Estonia . 2023-07-25 . estonia.ee . en-US.
  12. Web site: Top 300 Startups Founded in The Netherlands . 2023-07-25 . www.failory.com . en.
  13. Web site: 2023-04-07 . Amsterdam-based cryptocurrency platform Change raises €2M to empower wealth creation globally Silicon Canals . 2023-07-25 . en-US.
  14. Web site: Sainul . Singapore’s community-led crypto-fintech startup Change raises US$17.5M via tokens sale . 2023-07-25 . e27 . en.
  15. Web site: 2021-06-15 . Tallinn-based crypto investment platform Change closes €3.7 million crowdfunding round, now valued at €175 million . 2023-07-25 . Tech.eu . en-GB.
  16. Web site: Rikaste TOP 500: kriisiaasta tõi jõukate edetabelisse juurde 6 miljardit eurot . 2023-07-25 . Äripäev . et.
  17. Web site: 2018-01-02 . [INTERVIEW] Change Bank wants finance to evolve and fintech aggregation is part of its plan - Innovation Is Everywhere ]. 2023-07-25 . fr-FR.
  18. Web site: 2021-10-01 . Danabijak released their Group audited statements and surpassed USD 1M in the net portfolio! Income marketplace . 2023-07-25 . en-GB.
  19. Web site: Äripäev 30 aprill 2020 — DIGAR Eesti artiklid . 2023-07-25 . dea.digar.ee.
  20. Web site: Ingmar Mattuse fond investeeris taas Change'i ja ostis krüptoidust kümnendiku . 2023-07-25 . Äripäev . et.
  21. Web site: 2023-08-22 . Swiss-based firm Andromeda Capital buys majority stake in Change Group . 2023-10-10 . Tech.eu . en-GB.

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