# Safello

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/safello

- Industry: Financial Services
- Headquarters: Stockholm, Sweden
- Website: www.safello.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Jul 10, 2014)
- Investors on record: 1

## About

Safello AB is a leading online cryptocurrency brokerage in Sweden, providing a secure platform for buying, selling, and storing cryptocurrencies. The company aims to facilitate access to digital assets for individual investors and businesses.Founded in 2013, Safello AB operates as an online cryptocurrency brokerage, offering services for buying, selling, and storing cryptocurrencies. The company is headquartered in Stockholm, Sweden. Ludvig Öberg is the founder, and Emelie Moritz serves as the CEO. Safello has completed four deals, with its most recent funding round being an IPO in May 2021, raising SEK 502 million by selling 37 million shares at SEK 13.5 per share on NASDAQ.Safello provides a user-friendly platform that enables secure transactions in various cryptocurrencies. The firm offers secure wallet solutions utilizing Fireblocks MPC-technology to ensure high security for user assets. Their services cater primarily to Swedish residents and businesses but are positioned for expansion into the broader European market, facilitating cryptocurrency adoption for all users.In 2023, Safello reported revenue of SEK 52,914,038.10 with an EBITDA of SEK 1,762,663.30. The company's revenue is generated mainly through transaction fees from cryptocurrency trades on its platform, ensuring compliance with financial regulations and security protocols to serve both retail and institutional clients.In May 2021, Safello AB raised SEK 502 million through an IPO to support future growth initiatives. The company aims to expand its services across new European markets, targeting diverse customer bases by 2024. With the recent funding, Safello plans to develop new products and enhance its platform to meet the evolving needs of cryptocurrency users.

## Funding rounds

- Seed, Jul 10, 2014, $0.3M — Digital Currency Group

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed