Blockchain-Focused Wave Financial Group Receives Investment From Fineqia

Blockchain, Investing, News | May 6, 2019 By:

Fineqia Investments Limited, a subsidiary of Canada-based firm Fineqia International, has taken an equity stake in Wave Financial Group.

Wave Financial is a diversified digital asset management company, offering early-stage investment, treasury management and asset management strategies and indices to further the growth of the digital asset ecosystem. Wave draws on the experience and discipline of early-stage investing of its CEO and founder David Siemer, who previously co-founded Wavemaker Partners that has nearly 15 years of investment and operating history.

Based in Malta, Fineqia Investments Limited was set up in August 2018 to hold Fineqia International’s growing portfolio of blockchain, FinTech and cryptocurrency technology companies worldwide.

The investment in Wave will reportedly give Fineqia a stake in a team with significant knowledge, expertise and a worldwide network. It is in line with its strategy to invest in blockchain related companies that support its business model. Fineqia’s investment sum represents less than 5% of its market capitalizzation.

“Wave’s network and knowledge of both startups and corporates pursuing blockchain and crypto strategies is a huge asset for Fineqia,” said Bundeep Singh Rangar, CEO of Fineqia. “It fits in with our core business of placing debt and equity securities including those backed by crypto assets, soon to be tested within the UK regulator’s sandbox program.”

Fineqia has invested in a number of blockchain startups, including blockchain insurance company Black Insurance, blockchain-based asset registration and clearing solution Nivaura and premium finance Software-as-a-Service (SaaS) provider PremFina Limited.