ADHARA LIMITED: Leading Blockchain Start-Up secures USD 7.5M Series A investment from Yabeo, FOMCAP and other investors
Leading blockchain startup Adhara today (10 May 2021) announced a USD 7.5 million Series A funding round.
With this financing Adhara plans to expand its team and to further accelerate the development of its leading digital cash products for commercial banks, LiquidityHub T.0 and PayHub T.0, delivering real time liquidity optimisation as the wholesale digital cash landscape matures.
The latest round was led by Yabeo, a Germany-based international Venture Capital investment firm and Force Over Mass Capital, a UK based Venture Capital firm focusing on B2B technology companies in Europe and the UK. Tokentus, a German blockchain fund and existing seed investor ConsenSys, the Brooklyn-based blockchain giant, also joined the round. Blockchain Valley Ventures acted as advisor for the transaction.
Adhara is a leading financial software company that provides real time, multi-currency liquidity management, Fx and international payment solutions to commercial banks and ultimately to their corporate clients (Treasury for Corporates T.0), as well as to central banks (CBDC Suite), exchanges (FX Liquidity Exchange T.0) and payment network operators (Interbank Payments T.0). A leader in the enterprise blockchain space, Adhara’s experience in wholesale digital cash developments including the issuance of Central Bank Digital Currencies (CBDCs) and other forms of tokenized money leveraging standard, enterprise-grade blockchain technology and smart contracts underpins its natively prepared solutions. These solutions are for Commercial banks to develop compatible internal and external strategies to optimize the way they manage liquidity, manage Fx, and process cross border payments.
“We are thrilled to have secured this investment round from such strong institutional investors like FOM and Yabeo. It places us in a strong position to be the trusted software partner for commercial banks in the shift to real time settlement liquidity and the go-to software partner for system integrators or consultancies providing liquidity advisory”, said Julio Faura, CEO & Co-Founder of Adhara.
Gerrit Seidel, MD of Yabeo highlighted that “There is significant interest and potential in the CBDC’s and wholesale payment landscape. Adhara has a strong track record and unique offering to capitalise on these opportunities. We are pleased to have taken a stake in a company with the depth of experience and capabilities that the Adhara team brings.”
“Adhara has already proven its capability to provide international payment solutions through a number of successful strategic client engagements. We are glad to be supporting this round focused on scaling their efforts for broader client reach and engagement over the next few years,” said Filip Coen, Partner at Force Over Mass
Adhara has emerged as one of the leading solution providers in the wholesale digital cash market, with innovative payments (PayHub T.0) and in liquidity management (LiquidityHub T.0). They are the trusted blockchain partner of Fnality, a private sector initiative supported by 16 major financial institutions seeking to build the next generation of settlement systems based on tokenized money backed by an omnibus account at the central bank.
Adhara is a leading software company that provides real time, multi-currency, liquidity management and international payment solutions. Benefiting commercial banks, their corporate clients, central banks, exchanges and international payments networks, Adhara’s platforms deliver certainty by atomically clearing and settling tokenized fiat payments over enterprise-grade, smart contract enabled distributed ledgers. Together, these components provide holistic liquidity management for payments and market making solutions that help manage FX risk and leverage liquidity globally on a network in real time. Adhara has global reach with development hubs in Spain & South Africa, as well as business bases in the UK and Singapore. Its diverse team has decades of experience across commercial banking technology, capital markets, blockchain and product design & development – including an Engineering team with excellence in cryptography, enterprise systems and end user app development.
yabeo is a venture investment and advisory firm that invests in the early stages of technology companies and develops them sustainably. Yabeo’s success lies in growing companies, scaling organizations and rolling out new technologies. Investment focus of Munich-based yabeo is on innovative FinTech (e.g. solarisBank), InsurTech (e.g. CLARK) and Health Tech (e.g. CERA) companies. yabeo currently manages assets under management of more than EUR 200 million across all investment platforms. The aim is to invest in early- stage technology-driven companies that drive change in their segment by redefining the rules of the game using new technology and innovative business models.
About Force over Mass
Force Over Mass Capital is an FCA regulated venture capital firm focused on early stage technology investments across UK and Europe. It invests in B2B innovation across four verticals: Fintech, Artificial Intelligence, SaaS and Industry 4.0. Force Over Mass operates both seed and scale-up funds to support early stage businesses through their growth journey.
About tokentus Investment AG
tokentus investment AG is an internationally operating investment company with a focus on promising companies whose business concept is based on blockchain technology or which deal with the digitalization and tradability of classic assets. Via a shareholder structure with deep roots in investing, banking and finance, law and of course blockchain or DLT technology, tokentus as a smart money investor can create significant synergies for its investments through its network.