Kangro, who started building the platform at the age of 24, said that Mattus is the right majority shareholder.
“He has the experience and ambition to take Change to the next level,” Kangro said. Change was co-founded by Kangro and Gustav Liblik, with the help of team members Alice Tärk and Marek Pajussaar, who are still part of the company today.
“We started operating in 2016, focusing only on cryptocurrency. Since then, Change has raised over €22 million in funding from investors and today we offer almost all possible asset classes on our platform.
We’ve grown our customer base to 130,000 users and cover all 27 European Union countries. We’ve achieved all this by offering the most convenient and lowest-cost investment services to help you grow your money,” he added.
The city is home to a number of successful fintech companies, such as Adyen and Trade Republic. Amsterdam is also home to a number of venture capital firms that are investing in fintech startups.
The deal between Change and Andromeda Capital Partners is a positive development for the fintech industry. It shows that private equity firms are willing to invest in fintech companies, and it will help Change to expand its business and reach new markets.
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