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Cabital Completed $4 Million in Seed Round

Cabital, a digital assets institution, announced today that it has raised $4 million in its seed funding round. Previously, Cabital has raised $3 million in an angel round of funding. Cabital’s successful seed round was led by SIG, Dragonfly, and GSR, increasing the firm’s valuation to $40 million. The funding will support Cabital’s growth ambitions in Europe, help onboard senior talent and further develop its proprietary digital wealth management platform.

To capture the immense opportunities across Europe, Cabital will add SEPA to its list of payment methods, allowing customers to seamlessly move between euros and crypto by the end of Q3. While some firms require up to €1,000 as a minimum deposit and only allow users to buy cryptocurrencies with euro, Cabital won’t require a minimum and maximum deposit amount and will allow its customers to make deposits in euro, as well as withdraw their earnings in euro.

This will enable customers in the European Union to on-ramp with EUR into digital assets and off-ramp with cryptocurrencies into EUR, making Cabital not only a trusted on-and-off ramp solution but also the digital wealth management platform of choice for Europeans.

Cabital does not issue any native tokens and thus our customers avoid any hidden fees associated with staking platform tokens, as well as they avoid market volatility risks. Still, Cabital offers up to 12% APY on savings in cryptocurrencies by sharing up to 80% of their investment income with customers.

Raymond Hsu, Co-founder and Chief Executive Officer, said:

“Today, Cabital crossed an important milestone in our journey to build an alternative and safe financial industry.

“Our purpose is to simplify investing in the crypto world for everyday investors, with a product that’s simple, secure, and sensible. Regardless of whether you’re a new or an experienced investor, we help you get more out of your digital assets to get you closer to your life goals sooner.

“Cabital’s successful seed round is a testament that we are in the right business, with the right product and the right strategy, and we will continue to deliver on our promise of helping more people across the world reach their financial goals.”

Lu Guo, SIG’s Partner, said:

“We’ve decided to lead Cabital’s seed round of funding as we see a massive surge in crypto investment. As cryptocurrency is now coming into the mainstream, Cabital is proposing new investment opportunities for crypto-wealth management products, which will meet regulatory compliance standards while maintaining strong leadership in this growing market that’s increasingly globalized.”

The company’s main product is Cabital Earn, a cryptocurrency wealth management platform that enables customers to acquire higher returns on their investments in cryptocurrencies of up to 12% APY. Customers can subscribe to flexible and fixed-term savings plans in USDT, BTC, and ETH. 

Cabital removes the complexity of the user directly participating in DeFi, where users have to constantly track and move their assets across different initiatives (while being wary of scams and fraud) to maximise their returns. Instead, the customer just has to put their crypto assets with Cabital, and Cabital lends these assets to major DeFi platforms with well-established TVL (total value locked) and extensive audit history, such as AAVE and Curve. 

At the same time, Cabital ensures the lowest risks possible through multilateral analysis of all available investment options combined with additional checks by experienced investors, lawyers, engineers, and financial analysts who’ve worked with major banks and tech companies. Cabital proceeds with investing only when a project passes all quantitative and qualitative tests and gets approval from the expert team. Thanks to that, Cabital can combine the high yield of crypto with low risks and efficient strategies associated with major financial institutions.

By the end of Q3, the company will add SEPA to their list of payment methods, allowing customers to seamlessly move between euros and crypto. While some firms in the space require up to €1,000 as a minimum deposit and only allow users to buy cryptocurrencies with euro, Cabital won’t require a minimum and maximum deposit amount and will allow our customers to make deposits in euro, as well as withdraw their earnings in euro.

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Katia Shabanova brings more than 20 years of experience in public relations and marketing communications, with an emphasis on technology. She develops and implements public relations programs that drive global PR programs for companies and organizations ranging from Fortune 1000 corporations to pre-IPO start-ups. Katia Shabanova holds Bachelor degrees in English Philology and German Studies from Santa Clara University in California, both with honours. She earned a Master of Arts degree in philology from University of Göttingen, Germany. Katia worked for three high-tech PR agencies in the USA before moving to the corporate side. At Cain Communications, she supported such clients as Moscape, PMC-Sierra, Simutech, and Sirius Communications. In the year 2000 Katia joined Strategy Associates PR firm where she worked with high-tech startup companies, such as Penguin Computing, All Bases Covered, Market Touch, Gilian Technologies, e*ECAD. In the following year, she worked for Moving Companies Ahead (MCA) – a high-tech PR agency, where she supported such accounts as SOITEC, Simplex Solutions, Philips Semiconductor, LG. Philips, Silicon Image, Cymer and others. In 2002, Katia took the lead as PR director at iambic, Inc. – a mobile software development company, later acquired by SplashData. iambic’s flagship application Agendus was an award-winning calendaring and time management solution for iPhone, BlackBerry, Windows Mobile, Palm OS and Symbian devices. In her role she managed all PR, marketing and advertisement functions within the US and most European regions. She cooperated and developed joint news announcements with partners Palm, Sony Ericsson, Microsoft, Tom-Tom navigation systems, and others. She organized press tours, worked closely with user groups and gave product presentations. For more than ten years, Katia Shabanova served as a PR director for a global software company with a headquarter in Germany, where she oversaw worldwide PR activities for the company’s offices in Germany, USA, Russia, Japan, China and other regions. She developed and executed public relations campaigns for the company’s B2C2B mobile, automotive and storage/system utility divisions that integrated with the company’s marketing strategies. The company got coverage in hundreds of targeted IT and business media, including New York Times, Forbes, Verge – to name a few. She built a favorable brand image with customers, partners, prospects, employees and the public; collaborated with all partners (including, dozens of the world’s leading publishing houses, electronics manufacturers, and automotive organizations) worldwide in developing and executing joint media campaigns. Most recently, she helped CIS-based IT and fintech startup companies get publicity in tier-1 IT, fintech and business media, such as TechCrunch, Mashable, Venture Beat, Forbes, and many others, as well as supported their crowdfund campaigns on various platforms, such as KickStarter, Indiegogo, etc. with all clients overfunded and some - by 300% making front page news. Apart from her daily PR work and passion for technology, Katia Shabanova has been helping several nonprofit organizations and immigrant communities leverage publicity, promote their agendas in the local communities and create awareness about their missions. In addition to her PR activities, Katia Shabanova is passionate about travels, culture and history, regularly contributing her stories to Berliner Telegraph and other accredited magazines.

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