The Gate for EU Crypto Companies
Januar is building infrastructure to support a more open and collaborative financial system. It provides critical IBAN infrastructure for crypto businesses so they can conduct their payments and operational transactions through a trustworthy and reliable fiat partner, maintaining full compliance and stable business operations. In April 2022, Januar closed the largest seed round in Danish history, a historic €6M round led by Element Ventures, with participation from Angular Ventures, Outward VC, and early pre-seed backers byFounders.
Marcus Molleskov, CRCO of Januar commented: “Compliant crypto businesses are often rejected or off-boarded by the traditional financial sector, simply because of their sector of activity. This can even happen to virtual asset service providers (ASPs) who have completed their duties to register with financial authorities and have all the policies, procedures and processes in place to comply with AML laws. We provide our customers with access to the critical financial services they need to operate, so they don’t have to worry about being de-banked, even if they can get an account in the first place,”
Januar is positioned to become the go-to financial services partner for European crypto businesses
Simon Ousager, CEO of Januar commented: “With the license secured, Januar is positioned to become the go-to financial services partner for European crypto businesses, serving the growing crypto asset industry with a market cap north of a trillion dollars. We are thrilled to have secured this Payment Institution License, which represents our full European launch and paves the way for compliant financial services across the continent. Our team of experts has worked tirelessly to create a solution that solves one of the industry’s most significant challenges, and we are excited to be able to offer our services to businesses in thirty markets across Europe.”
“The Payment Institution license granted to us by the Danish FSA marks the next chapter for the regulated European crypto industry and signifies trust in us that we’re among the best in the world at quantifying and managing risk in this space. We are the first and only payments institute that can do this, and we are motivated by the opportunity to help bring trust and reliability to this industry and enable the next generation of crypto founders across Europe. Access to banking and reliable payment infrastructure has always been lacking behind the general pace of innovation in the crypto space, and the recent events with “crypto-friendly” banks shutting down is a testament to this unfortunate industry trend. With our full payment institution license, we are taking a huge step in the opposite direction. My message to all the entrepreneurs and innovators out there is clear: If you are a legitimate European business working with crypto then Januar is here to provide you with the critical IBAN accounts you need to operate successfully and build the financial system of tomorrow.”