September 16, 2024
Young Platform, an Italian crypto-exchange, has secured a new capital injection of 2.65 million euros, led by Azimut. This follows a previous financing round in 2022, where Azimut contributed 11 million euros, leading to a total of 16 million euros raised. With over 2 million registered users, Young Platform aims to develop new products and services for the public.
Project | Latest Raise | Latest Raise Date | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|
Young Platform | €2.65 | September 16, 2024 | €16M | Azimut | Trading |
Alongside this investment, Nicolas Bertrand, a senior executive from Borsa Italiana and the London Stock Exchange, has joined the Board of Directors as the new President. Co-CEO Andrea Ferrero highlighted that each funding phase since 2018 has strengthened the company’s capabilities and market presence, paving the way for continuous innovation.
Young Platform is registered with the OAM and authorized by the AMF, and it has established an internal Anti-Money Laundering department to comply with future EU regulations.
About Young Platform
Young Platform is an Italian cryptocurrency exchange designed to make buying, selling, and accumulating cryptocurrencies like Bitcoin, Ethereum, and Polkadot easy and accessible. It caters to both beginners and experienced users by offering a user-friendly interface and educational resources. The platform also provides features like automated savings plans and real-time progress tracking. Additionally, Young Platform is committed to security and regulatory compliance, ensuring safe and transparent transactions. With over 2 million registered users, it aims to integrate traditional banking services with innovative decentralized finance (DeFi) functionalities.
Website: https://youngplatform.com/
About Investor
Investor: Azimut Investments
Azimut Investments is one of Europe’s largest independent asset managers, offering a wide range of investment solutions. Founded in 1989, the company prides itself on its independence from banking, insurance, and industrial groups, allowing it to provide tailored investment services. Azimut integrates Environmental, Social, and Governance (ESG) criteria into its investment processes, aiming for sustainable development. With a global presence and deep local knowledge, Azimut supports over 2,000 financial advisers and 110 investment professionals, managing assets worth over €90.8 billion as of December 2023.
Location: Lussemburgo, Luxembourg
Website: https://www.azimutinvestments.com/
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