FinTech startup Veli, a Vilnius-based crypto portfolio platform deigned for monetary advisors and wealth managers, has secured a excessive six determine funding from Omorika Ventures, a newly established VC fund centered on supporting early-stage technological innovation.
The funding will gas the event of an API for crypto brokerage platforms and an answer for personal banks wanting to enter the crypto house. Moreover, Veli plans to broaden its improvement and gross sales groups, strengthen its presence in Europe, and lay the groundwork for entry into the Center East.
“We launched Veli with the concept of serving to buyers who’re new to crypto and the tokenized financial system, to assist them make investments like skilled professionals. What we acknowledged is that most individuals nonetheless favor contact with an actual particular person, so we created a platform that enables professionals to handle their portfolios,” defined Stevan Radonjanin, Co-founder and CEO of Veli.
Based in 2022 by Stevan Radonjanin and Marko Selaković, Veli brings collectively deep experience from each conventional finance and the crypto business. Radonjanin has over 5 years of banking expertise and greater than six years in crypto, having labored with main European funding platforms, together with the unicorn Bitpanda. In the meantime, Selaković, the corporate’s CTO, is a serial entrepreneur who beforehand constructed and scaled tech groups from zero to 30 individuals.
With an emphasis on usability and expertise, Veli’s digital platform seems to be to allow monetary advisors to create funding methods with a number of clicks, monitor historic efficiency, and make higher funding selections utilizing AI-driven market insights. These embrace prompt information evaluation, technical indicator evaluations, and market cycle comparisons.
“The actual fact is that almost all crypto functions are advanced and troublesome to make use of. That’s why we positioned nice emphasis on person expertise, creating an intuitive platform for each monetary advisors and their shoppers. We additionally used the newest applied sciences and constructed a scalable structure from the beginning, permitting us to simply add new providers and adapt the platform to the wants of banks and different monetary establishments which have just lately proven nice curiosity in getting into the crypto business,” famous Marko Selaković, Co-founder and CTO of Veli.
Veli’s funding spherical contains a mixture of funding and grants, with Omorika Ventures as a key monetary accomplice. The startup has additionally secured a spot in Katapult Accelerator, which provides a funding match of as much as €300k, additional boosting its monetary runway.
“Veli has created one thing that we consider the monetary business is missing—a platform that enables monetary advisors to simply entry the crypto market, handle their shoppers and their portfolios, and use mathematically developed funding methods. Our purpose is to help founders who’re redefining business requirements” mentioned Miloš Matić, Managing Companion at Omorika Ventures.
With the most important wealth switch in historical past set to happen over the following twenty years—the place Era X and Millennials will inherit huge quantities from the Child Boomer era—curiosity in various investments, together with cryptocurrencies, is surging.
Veli is positioning itself on the coronary heart of this shift, guaranteeing that monetary professionals have the instruments they should handle digital belongings successfully.
Presently, monetary advisory corporations utilizing Veli already handle over €10 million in belongings. The platform is designed to be absolutely MiCA-compliant, because of a partnership with a Spanish brokerage agency, guaranteeing regulatory adherence as Europe’s crypto panorama evolves.
