NEWS
Coincover announces funding to fuel growth and foster trust in digital assets
Coincover has announced US $ 30 million in funding , led by
Silicon Valley ’ s Foundation Capital . The fresh capital will accelerate recruitment , product updates and partnerships to safeguard the crypto ecosystem – preventing , compensating and protecting against crypto threats .
Founded in 2018 and launched in 2019 , Cardiff-based Coincover provides digital asset protection that addresses the biggest barrier to mainstream adoption : trust . For years , security issues and the ever-changing threat landscape have dominated the global perception of digital assets . Coincover challenges this perception by providing businesses , infrastructure providers and consumers with access to products that proactively protect them from both hackers and human error .
Coincover already works with more than 300 businesses , from exchanges and wallets to hedge funds , family offices and banks . The firm also works directly with several digital asset custodians to keep their clients safe . By dramatically reducing the risk of moving and storing cryptocurrency – stopping scammers and fraudsters in their tracks – Coincover provides the foundations upon which the sector can mature by changing perceptions and winning widespread trust .
Before Coincover ’ s inception , Co-founder and CEO , David Janczewski spent five years working in blockchain at The Royal Mint for the UK Government . During his time there , he defined and created a digital gold currency in conjunction with CME Group . Adam Smith , Co-founder and CTO , previously ran a successful cybersecurity consultancy with cryptocurrency , government , law enforcement and defence clients . At Coincover , he focuses on engineering for safety at scale .
Leeds Building Society announces FinTech North partnership
Leeds Building Society has announced its partnership with
FinTech North . The company operates to ensure that more people have the home they want and , by working with FinTech North , aims to bring cutting-edge thought leadership and technology together to help solve some of the most challenging homeownership problems for its current and future members .
The partnership marks the Society ’ s ongoing engagement with the FinTech sector and the start of a collaborative relationship to find innovative solutions to key customer needs which achieve its purpose of putting home ownership within reach of more people , generation after generation .
Vanessa Roberts , Head of Strategy at Leeds Building Society , said : “ Making homeownership more achievable is the driver behind everything we do at Leeds Building Society . By partnering with FinTech North we hope to be able to work with new partners to trial and implement new solutions for our members . We hope to enhance the accessibility and affordability of borrowing and make saving for a home easier in order to help more people onto and up the housing ladder .
“ We are proud to be championing the FinTech sector in one of the UK ’ s top regions for financial services . We ’ ve already achieved some impressive feats , such as adopting cloud-based capabilities to become best-in-class for decision-making on lending . Through this partnership with FinTech North , we will be looking at solutions to help our aspirational homeowners navigate the cost-of-living crisis and how we can provide meaningful support to our members .” �
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