• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Digital Market

seeing people behind the digits

  • About
  • Blockchain and Fintech Events
  • Tech Jobs
  • Domain Names
  • Reports
    • Technology
    • Venture Capital
  • Sponsored Post
    • Make a Contribution
  • Contact

Flowdesk, the French Digital Asset Financial Technology Provider, Raises $30 Million to Expand Its Infrastructure and Trading Platform

June 27, 2022 By admin Leave a Comment

Flowdesk announced that it has raised $30 million from leading investors such as Eurazeo, Aglaé Ventures, ISAI, Speedinvest, Fabric.vc, Ledger, and Coinbase, and 20 well-known business angels, including Alexandre Prot (Qonto), Nicolas Julia (Sorare), Pascal Gauthier (Ledger) and Sébastien Borget (The Sandbox).

Founded in 2020, Flowdesk markets a crypto-asset trading solution and market-making services for web3 players, including cryptocurrency token issuers, and currently employs 35 people.

Flowdesk was the first player offering crypto market-making activities to register with the AMF, the French financial markets authority. A status introduced by the PACTE law in 2019 and imposing, in particular, compliance with strict anti-money laundering and anti-terrorism financing (AML/CFT) rules.

The startup is part of a market that is growing exponentially, with more than 10,000 cryptocurrencies listed in 2022, compared to only a few dozen in 2013. Its clients include more than 50 cryptocurrency token issuers, companies and investment funds.

PARIS, June 27, 2022 – A trading infrastructure made in France

Active in the cryptocurrency sector for several years, the four co-founders of Flowdesk, Guilhem Chaumont, Paul Bugnot, François Cluzeau and Balthazar Giraux have been working in this sector since 2017 after careers in banking, algorithmic trading, engineering and entrepreneurship. During their respective experiences, they were marked by the siloing and fracturing of marketplaces and the technological barrier to properly handle the liquidity of crypto-asset projects. In 2020 they chose to develop an infrastructure that would allow them to interconnect and trade on these exchanges, while guaranteeing the redundancy and scalability needed to support the growing number of crypto projects.

An innovative product: Market-Making-as-a-Service (MMaaS)

Flowdesk is thus the originator of a trading infrastructure that allows interconnection with more than 60 cryptocurrency exchange platforms. A technology that its teams use on behalf of Flowdesk as well as for their clients and which allows them to offer four types of services:

Asset management
Brokerage
Custody
Market-making

Market-making is Flowdesk’s flagship service and its most differentiating product. It addresses the needs of the majority of the 10,000 cryptocurrency issuers with significant liquidity issues. By making its technology and traders available to these players, Flowdesk allows them to manage their cryptocurrency token liquidity themselves with their own funds. The service is called Market-Making-as-a-Service in reference to digital models based on simply providing technology to customers who commit their own resources.

A decisive fund-raising to change scale

Although Flowdesk’s team consisted only of its four co-founders at the beginning of 2021, the company now employs 35 people and plans to recruit to reach 100 employees before the end of 2022. A change of scale for which fundraising was necessary. Flowdesk is indeed facing an extremely strong demand in market-making and after having opened offices in Singapore in March 2022, is now targeting the United States to deploy sales and trading teams as well as legal compliance specialists, a particularly strategic topic for the company and its constantly changing regulatory market.

For Guilhem Chaumont, co-founder and CEO of Flowdesk: “This fundraising is a key step that will allow us to accelerate at all levels to meet the growing demand in Europe, Asia and North America. It will also give us the means to develop our technological infrastructure to meet the new needs that will emerge in market making. Our vision is that within 10 years a large proportion of assets will be tokenized using blockchain technology, which will require a rethinking of financial services with a more scalable and counterparty agnostic approach. We will have to scale up quickly to integrate this new financial situation.”

For Thomas Turelier, Vice President at Eurazeo: “An increasing number of companies are issuing tokens and are thus confronted with the complexity of managing a liquid asset in different markets. Most of these companies do not, however, see themselves as financial market professionals: they are technology providers, game developers… A financial infrastructure such as the one proposed by Flowdesk is therefore crucial to allow all these web3 players to develop with the least possible friction while trusting a regulated player aligned with its customers in terms of financial interests.”

For Cyril Guenoun, Partner at Aglaé Ventures: “We were convinced by Flowdesk’s positioning as a technology provider for cryptocurrency issuers. This emerging and fast-growing market needs scalable tools to ensure secure and sustainable development. The team has proven the robustness of its solution as well as a business model adapted to its customers. With an already international presence and strong speed of execution, Flowdesk has the means to drive the growth of financial services for cryptocurrencies.”

Innovating to empower customers

Another ambition of this fundraising is to continue to invest in innovation with the aim of developing a complete platform for Flowdesk’s clients, allowing them to carry out the simplest to the most complex trading operations themselves. A model that will contribute to Flowdesk’s position as a leader in Market-Making-as-a-Service.

About Flowdesk
Founded in 2020 by Guilhem Chaumont, Paul Bugnot, François Cluzeau and Balthazar Giraux, Flowdesk is a digital asset service provider registered in France with the Autorité des marchés financiers (AMF). Flowdesk is the originator of a trading infrastructure that allows interconnection with more than 60 cryptocurrency exchange platforms. The company offers four types of services: asset management, brokerage, custody and market-making.
The company has offices in Paris and Singapore.
More information on: Flowdesk

About Eurazeo
Eurazeo is a leading global investment group with more than €32bn under management and one of the most active tech investors in Europe. The group has backed ambitious entrepreneurs from Seed up to pre-IPO with investments in Onfido, Tink, Criteo, Talend, Swile, Mano Mano, Wefox, BackMarket, Payfit, Alma, GitGuardian, Doctolib, Contentsquare, Dataiku, Qonto and many more

About Aglae
Aglaé Ventures, the “tech” investment vehicle of Groupe Arnault, invests between €100k and €100m in fast-growing technology companies. Present in France and the United States, Aglaé Ventures focuses on SaaS software, marketplaces and content platforms. Companies supported by Aglaé Ventures include Airbnb, Algolia, Backmarket, Databricks, Lyft, Meero, Riskified, Slack and Spotify.

About ISAI
Launched in 2010, ISAI is the Tech Entrepreneurs’ Fund and brings together a community of over 350 entrepreneurs around the world. ISAI invests in differentiated projects ran by ambitious teams that it selects rigorously and actively supports. ISAI Gestion, with over €500 million under management, aims to finance and support high potential Tech companies, at the seed/post-seed stage or when they have already reached the break-even stage (Tech Growth/LBO).

Filed Under: News Tagged With: Fintech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

App Coding

Building Scalable Mobile Apps: Tips and Techniques
Appy Pie Introduces AI App Generator to Expedite App Development Process
Exploring Two Approaches to Moonshot Software Projects: 1000 Monkeys Method vs. Planned Approach
Maximizing Your Coding Skills with ChatGPT: A Guide
Tips for Writing Efficient Code
Snyk Code Tool: The Impact on Code Quality
App Development: Building Cross-Platform Mobile Apps with React Native

API Coding

Mastering API Management: Best Practices for Ensuring Secure and Efficient APIs
How to stop API breaches
API Hub for Business Allowing Companies to Launch Custom Hubs in Minutes
Quantitative Analysis Criteria for Assessing API Performance and Quality
The API Security Imperative
Leveraging API and IP Intelligence for Improved Cybersecurity
How to code an API with ChatGPT

Secondary Sidebar

Blockchaining

What are DLT ledgers?
Asia’s Premier Web3 Conference TOKEN2049 Returns to Singapore in September 2023
Highlights: Blockchain Conference in Tel Aviv
Experience the Future of Blockchain at Cybertech 2023
Blockchain Technology: Ownership Through Equity Tokenization

Marketing Development

Marketing budgets are on rise
How brands can define a first-party data collection and management strategy to better protect customers' privacy
Why influencers are generating higher engagement rates
Real disruption takes time
Navigating Customer Service: The Myth and Reality of 'The Customer is Always Right'

Footer

Recent Posts

  • Unveiling Calendarial.com: Your Premier Event Management Solution!
  • ZGM.org: Crafting the Digital Zeitgeist
  • Exploring the Future of Cities: ZGM to attend the Smart City Expo World Congress 2023
  • Design Brief: jQuery-Powered SQLite Database CMS
  • Business Plan for Newspaperdom.com
  • Business Plan for Technography.org
  • Digital Side Hustle Haven: Your Gateway to Innovative Virtual Creations
  • Pixels Unbound: The Enchanted Marketplace of PXEF.com
  • Embrace Entrepreneurship: Launch Your Event Listing Side Gig with Flair!
  • 15 Lucrative Digital Side Hustles to Boost Your Income

Media Instances

Why do we love street food?
Abstract art as an universal language
Media instances in gaming
The history of pride parades dates back to the late 1960s
Ethereal Chronicles: Arcane Odyssey

S3H

ESG Software: The Future of Sustainable and Responsible Investing
Embracing the Kaizen Approach for Continuous Improvement in Coding
Modernizing Business Operations with Artificial Intelligence: The Future is Here
Scrum: A Framework for Agile Development
How AI is Revolutionizing the Healthcare Industry

VPNW

Why dictatorships hate VPNs?
AI-Powered VPNs: The Future of Online Privacy and Security
Unveiling the Potential: A Comprehensive Analysis of the Future of AI-Powered VPNs
The Pros and Cons of Free VPN Services
How about a VPN startup that focuses on providing a decentralized and community-driven VPN service?

Pixel Effects

The Role of Optical Illusions in Effect Filters
Navigating the Digital Wilderness: A Marketer’s Odyssey
Burnt Basque Cheesecake
Just a sunny day
Beach Volleyball

Copyright © 2022 DigitalMarket.org

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT