Crypto fintech startup Atani raises $6M in funding despite crypto winter, launches new brokerage service

Atani, a fintech startup that offers a comprehensive trading suite for crypto enthusiasts, has secured $6 million in funding to support the growth of its exchange services and fuel its international expansion. The funding comes at a time when venture capital investments in crypto startups have decelerated, and digital currency values have experienced a decline.

The round was led by Cometa, the Mexican venture capital fund, with participation from JME Ventures, Conexo Ventures, and CDTI. In addition, the round is also backed by a group of seasoned business angels with expertise in Web3, including Neil Cunha-Gomes, who serves as the Head of FinTech & Crypto for EMEA at Softbank.

Founded in 2019 by siblings Paul and Haydée Barroso, the Madrid, Spain-based startup has positioned itself as the go-to crypto broker for a wide array of crypto assets. The Barroso siblings, who have been involved in crypto investments since 2013, are on a mission to tackle the issues of fragmentation within the blockchain ecosystem.

Through its platform, users can securely engage in the buying and selling of thousands of tokens across some of the world’s leading exchanges. Moreover, they can analyze market data and effectively manage their portfolios, all within a single user account.

At present, this fintech venture caters to users in more than 200 countries, processes over 1,500 million in trading volume, and has recently received regulatory authorization from the Bank of Spain, designating it as a Virtual Assets Service Provider. This authorization has paved the way for Atani to launch its exchange service with the highest regulatory assurances.

Today, over 300,000 traders across the globe entrust Atani to engage in the purchase and sale of numerous cryptocurrencies on the world’s major exchanges, all seamlessly managed within a single account, and consistently securing the best possible prices.

In a statement, Paul Barroso, Co-founder & CPO of Atani, said: “Before Atani existed, crypto traders had to open multiple accounts with different exchanges, devote countless hours to learn how to use each of them and get frustrated trying to do things as basic as executing an order or checking their balance. The crypto ecosystem was missing an experience similar to that of digital stock brokers.”

“We founded Atani back in 2019 driven by a long-term vision of making investing in crypto markets simple, efficient, and secure. Over the years, our team has proven its unique ability to deliver high-performing regulated financial infrastructure. In the current market context, we are more committed than ever to building the next generation of financial technology” added Haydée Barroso, Co-founder & CEO.

Commenting on the investment, Pepe Bolaños, Managing Partner at Cometa and early backer of Bitso, Latin America’s first crypto unicorn, said: “Atani has built infrastructure for the foundational use cases of web 3.0, transacted volumes and user activity validates the need for such a platform. Going forward, we are particularly excited about how they will enable crypto use cases for businesses: allowing them to expand their financial products offering to end users.”

Atani brings together the liquidity and assets from various crypto exchanges, ensuring that each trade is automatically directed to the platform offering the most favorable price. This setup enables its clients to access the entire spectrum of cryptocurrencies available in the market through a single account, currently spanning more than 200 countries. With this fresh funding, the company intends to expedite the growth of its exchange brokerage service and embark on global expansion.

Furthermore, the company has earned a reputation as a top-tier developer of regulated financial infrastructure in Europe. The company holds authorization as a Virtual Asset Service Provider (VASP) from the Bank of Spain and boasts the backing of prominent venture capital firms like JME Ventures, Cometa, Conexo Ventures, and Encomenda Smart Capital.