We are super excited to announce SuperSeed’s investment in Finteum – a London-based software company that helps tier1 banks better manage their liquidity.

Distributed Ledger Technology (or DLT, of which blockchain is one variant) has had massive focus over the past few years – especially due to the excitement, hype (and controversy) surrounding cryptocurrencies like Bitcoin. But Distributed Ledgers have uses far beyond cryptocurrencies, and we love the practical ways in which it is transforming how business is done.

Banks are facing ever-increasing regulation, and this is driving them to hold a lot of liquid assets on their books. Holding too few liquid assets gets you in trouble with regulators – not where any bank wants to be. And holding too many liquid assets can be costly – even more so now that interest rates are increasing.

Since 2018, Finteum founders Brian Nolan and Zbi Czapran have worked closely with several leading European banks to develop a better way to manage their short-term liquidity needs. They found that when it comes to intra-day FX and repo swaps, there is no better technology for managing and clearing trades than distributed ledgers. And with Finteum, Brian and Zbi have built a beautifully elegant DLT-based solution to do just that.

Finteum already has several major European banks signed up to the platform that will go live in 2023, and many more are lining up to join the system. When we met Brian and Zbi, we were struck by their deep knowledge of the intricacies of how banks manage their treasury and their clear vision of how to transform the space, coupled with technical prowess in how to realise their vision using distributed ledgers. Having recently been joined by Martti Palosuo, we know that the Finteum triumvirate will take the company to great heights.

Congratulations to team Finteum on closing your round. And here at SuperSeed, we are super proud to partner with you for the next phase of the journey!