Tangany, a BaFin-regulated fintech from Munich, has closed a Series A financing round of ten million euros. The financing was led by Baader Bank from Germany, Elevator Ventures, the venture capital arm of the Austrian Raiffeisen Bank International, and Heliad Crypto Partners. Existing investors High-Tech Gründerfonds (HTGF) and Nauta Capital also participated again, demonstrating their long-term confidence.
"This Series A round represents more than just capital; it is a clear signal of institutional confidence in our vision and our infrastructure. We are pleased to welcome established European financial institutions as shareholders, who stand for regulatory stability and strategic vision – exactly what the digital financial market needs now. Their commitment demonstrates that we share the goal of a secure and regulated infrastructure for digital assets. At the same time, we remain fully independent. Our new shareholder structure reflects our ambition to become an integrated part of the European financial system."
says Martin Kreitmair, CEO and co-founder of Tangany.
Growth and new partners
Since the Seed round Tangany is experiencing strong growth with a turnover of over seven million euros in 2022. Today, the company claims to hold digital assets valued at over three billion euros for banks, platforms, and financial institutions. Between 2022 and 2024, the company doubled its start-up companies its revenue and expanded its team to meet increasing demand and regulatory requirements.
With the involvement of Baader Bank and Elevator Ventures, Tangany is strategically expanding its banking partnerships. The goal is to build a network of a few, but suitable, partners who share the company's values and ambitions.
"Digital assets will play a key role in the financial markets in the future. This requires reliable, regulated infrastructure. Tangany brings both the regulatory maturity and the technological depth to support institutions on a broad scale,"
emphasized Oliver Riedel, Deputy CEO of Baader Bank.
Also Tobias Schulz, Principal at HTGF, is convinced:
"We believed in Tangany's vision from the very beginning, and it's impressive to see how the company has evolved into a regulated, pan-European infrastructure provider. Tangany's ability to execute projects precisely, maintain institutional trust, and adapt flexibly to new regulatory requirements makes it an outstanding player in this market. We are delighted to continue supporting the company in this next phase."
With the Series A financing, Tangany is setting the course to seamlessly adapt to the MiCAR requirements and expand its leadership role in the European market.
