Say bonjour to Flowdesk! They’re a French digital asset technology company that offers services like market making, over-the-counter trading, and treasury management. Now, they just raised a $50M Series B!

• The company opened a Singapore office in 2022. 
• In an interview, co-founder and CEO Guilhem Chaument said that they’ve seen a 3x year-on-year revenue increase and a 10x volume increase as of January 2024.

Investor check. Cathay Innovation led the round, while Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, Bpifrance, and Ripple joined in!

• This bumps up their valuation to over $250M.
• They previously raised a $30M Series A.

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🌊 Going with the Flow(desk)

As their name says, Flowdesk helps money flow for crypto token issuers and institutions. With their market maker-as-a-service, they help provide liquidity for traders. 

• Using their low-latency infrastructure, which can handle a high volume of information with minimal delays, clients can manage liquidity on centralized and decentralized exchanges.
• Here, clients can use their own capital and keep ownership of the liquidity. 

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🌏 What’s next? 

They’ll double down on growth and obtain regulatory licenses in Singapore and the US. 

• Oh, and they’ll also grow their teams and open a new office in London!