IN1 Opens Series A For Global Financial Platform Expansion
Deal News | Jan 30, 2025 | EIN
In a significant development within the fintech industry, IN1 has announced the launch of its Series A funding round as part of its strategic initiative to expand globally and enhance its unified financial management platform. The platform, which successfully combines fiat and cryptocurrency management tools, aims to further enhance its capabilities while addressing the growing demand in the Middle East, North Africa, and Asia. Launched in November 2024, IN1 has achieved noteworthy growth with over 100,000 app downloads within the initial eight weeks, establishing itself as a preferred choice in over 35 countries. The Series A investment will be employed to integrate AI-powered insights, robo-advising features, and strengthen institutional partnerships to ensure a secure user experience. The initiative offers a promising prospect for investors looking to participate in the evolving sphere of financial technology solutions.
Sectors
- Fintech
- Cryptocurrency
- Banking
Geography
- United Arab Emirates – The company announced its Series A round from Abu Dhabi, indicating its operational base and strategic focus in the MENA region.
- Europe – IN1 has become prominent in over 35 European countries, showcasing its existing strong regional presence and user base.
- Asia – IN1 targets expansion into Asia, recognizing the region's growing demand for unified financial tools, highlighting its relevance to the company’s strategic goals.
Industry
- Fintech – The article discusses IN1, a company at the intersection of traditional finance and cryptocurrency markets, critical components of the fintech industry, focusing on platform development and expansion.
- Cryptocurrency – IN1's platform includes cryptocurrency management tools and compliance with crypto-asset trading standards, emphasizing the industry's significance in the company’s growth strategy.
- Banking – IN1 offers unified financial management services that integrate with various banking platforms, reflecting its engagement with the banking sector.
Financials
- Series A – Funding round initiated to support the global expansion and technological enhancement of IN1's platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IN1 | Target Company | Company | A fast-growing fintech company developing a unified platform for financial management across fiat and cryptocurrencies. |
| Svitlana Monastyrska | Founder and CEO | Person | Leading the strategic vision and growth of IN1. |
| Veronika Ukrayinets | Media Contact | Person | Responsible for handling media relations and communications for IN1. |