FinTech startup Veli, a Vilnius-based crypto portfolio platform deigned for monetary advisors and wealth managers, has secured a excessive six determine funding from Omorika Ventures, a newly established VC fund targeted on supporting early-stage technological innovation.
The funding will gas the event of an API for crypto brokerage platforms and an answer for personal banks desirous to enter the crypto house. Moreover, Veli plans to develop its improvement and gross sales groups, strengthen its presence in Europe, and lay the groundwork for entry into the Center East.
โWe launched Veli with the thought of serving to buyers whoโre new to crypto and the tokenized financial system, to assist them make investments like skilled professionals. What we acknowledged is that most individuals nonetheless want contact with an actual individual, so we created a platform that permits professionals to handle their portfolios,โ defined Stevan Radonjanin, Co-founder and CEO of Veli.
Based in 2022 by Stevan Radonjanin and Marko Selakoviฤ, Veli brings collectively deep experience from each conventional finance and the crypto business. Radonjanin has over 5 years of banking expertise and greater than six years in crypto, having labored with main European funding platforms, together with the unicorn Bitpanda. In the meantime, Selakoviฤ, the corporateโs CTO, is a serial entrepreneur who beforehand constructed and scaled tech groups from zero to 30 individuals.
With an emphasis on usability and know-how, Veliโs digital platform seems to be to allow monetary advisors to create funding methods with just a few clicks, monitor historic efficiency, and make higher funding selections utilizing AI-driven market insights. These embody prompt information evaluation, technical indicator evaluations, and market cycle comparisons.
โThe actual fact is that the majority crypto purposes are advanced and troublesome to make use of. Thatโs why we positioned nice emphasis on person expertise, creating an intuitive platform for each monetary advisors and their shoppers. We additionally used the most recent applied sciences and constructed a scalable structure from the beginning, permitting us to simply add new companies and adapt the platform to the wants of banks and different monetary establishments which have not too long ago proven nice curiosity in getting into the crypto business,โ famous Marko Selakoviฤ, Co-founder and CTO of Veli.
Veliโs funding spherical contains a mixture of funding and grants, with Omorika Ventures as a key monetary companion. The startup has additionally secured a spot in Katapult Accelerator, which presents a funding match of as much as โฌ300k, additional boosting its monetary runway.
โVeli has created one thing that we imagine the monetary business is missingโa platform that permits monetary advisors to simply entry the crypto market, handle their shoppers and their portfolios, and use mathematically developed funding methods. Our purpose is to help founders whoโre redefining business requirementsโ stated Miloลก Matiฤ, Managing Companion at Omorika Ventures.
With the most important wealth switch in historical past set to happen over the subsequent twenty yearsโthe place Technology X and Millennials will inherit huge quantities from the Child Boomer technologyโcuriosity in different investments, together with cryptocurrencies, is surging.
Veli is positioning itself on the coronary heart of this shift, making certain that monetary professionals have the instruments they should handle digital property successfully.
At present, monetary advisory companies utilizing Veli already handle over โฌ10 million in property. The platform is designed to be totally MiCA-compliant, due to a partnership with a Spanish brokerage agency, making certain regulatory adherence as Europeโs crypto panorama evolves.