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Change Finance

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Change
TypePrivate
LocationTallin, Estonia, Singapore
Founded2016; 4 years ago (2016)
Key peopleKristjan Kangro (CEO)
CurrencyCryptocurrencies: BTC, ETH, Ripple, Litecoin, Cryptocurrency debit card
Websitegetchange.com

Change Finance is a European provider of payment services combining traditional currencies and cryptoassets. The services include a cryptocurrency exchange and storage linked to debit cards and related payment services. The company has offices in Singapore and Tallinn, Estonia.

History[edit]

The company was established in 2016 by Kristjan Kangro, who is an Estonian technology entrepreneur and CEO of change. In 2018, 48th St. Gallen Symposium named Kangro among the 100 Leaders of Tomorrow.[1]

In early 2016, Change secured its first angel funding in Singapore from angel investors including a former CEO of DHL, Roger Crook.[2]

In 2017, Change successfully raised $17.5MM through a crowdfunding campaign from over 5000 contributors.[3][4]

In December 2017, CEO Kristjan Kangro mentioned in an interview with CNBC that "Change is to become one of the world's leading banks".[5] Change moved its headquarters from Asia to Tallinn in the beginning of 2018 and hired 20 employees.[6][7] Change received a license to provide virtual currency wallet and exchange services in the EEA from Estonian authorities in February 2018.[8]

In July 2018, Change launched a mobile application for buying and converting between different virtual assets with zero commission fees. The app currently supports Bitcoin, Ether, Ripple, Litecoin, and Tether, and is available for iOS and Android.[9]

In April 2018, the company launched the services to buy, sell and trade virtual currencies commission-free through bank transfers and has announced launching debit cards in 2019.[10]

In January 2019, the CEO of Change announced that Change is building an investment-focused challenger bank that uses tokenisation technology to offer ways for people to invest, spend and raise capital.[11][12]

References[edit]

  1. GmbH, finanzen net. "Cryptocurrency-based Company Change Launches Bitcoin App With No Trading Fees | Markets Insider". markets.businessinsider.com. Retrieved 2019-03-06.
  2. "Crypto Company Change Launches App to Trade Bitcoin Commission-Free". Bitcoinist.com. 2018-07-19. Retrieved 2019-03-06.
  3. "Change's Kristjan Kangro: There is crypto hype and disillusionment, but also productivity". Coin Rivet. 2019-01-06. Retrieved 2019-03-06.
  4. "How low will bitcoin go? 'Crunch time' for cryptocurrency as analysts predict 2019 price". The Independent. 2018-12-12. Retrieved 2019-03-06.
  5. "Riding cryptocurrencies to become a major bank". www.cnbc.com. Retrieved 2019-03-06.
  6. "LIfe in Estonia. Autumn 2018". Issuu. Retrieved 2019-03-06.
  7. "Eestlased ehitavad maailma suurimat krüptopanka". Äripäev. Retrieved 2019-03-06.
  8. "Ettevõtja üldandmed".
  9. GmbH, finanzen net. "Cryptocurrency-based Company Change Launches Bitcoin App With No Trading Fees | Markets Insider". markets.businessinsider.com. Retrieved 2019-03-06.
  10. "Crypto Company Change Launches App to Trade Bitcoin Commission-Free". Bitcoinist.com. 2018-07-19. Retrieved 2019-03-06.
  11. "Change's Kristjan Kangro: There is crypto hype and disillusionment, but also productivity". Coin Rivet. 2019-01-06. Retrieved 2019-03-06.
  12. "How low will bitcoin go? 'Crunch time' for cryptocurrency as analysts predict 2019 price". The Independent. 2018-12-12. Retrieved 2019-03-06.

External links[edit]


This article "Change Finance" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Change Finance. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


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