# Finery Markets: Information technology & services, Limassol, Cyprus

> Finery Markets: Finery Markets is a global provider of non-custodial cryptocurrency Electronic Communication Networks (ECN) and electronic trading Software...

Source: https://millionrounds.com/startup/finery-markets (Millionrounds; every figure on the page links to its filing or article)

Cyprus · [Information technology & services startup](https://millionrounds.com/companies)

# Finery Markets

Finery Markets is a global provider of non-custodial cryptocurrency Electronic Communication Networks (ECN) and electronic trading Software as a Service (SaaS) solutions.

Funding reported Last round: Seed

Information technology & services Limassol, Cyprus

Company summary

- **Founded:** 2019 7 years old
- **Team:** 36 11 to 50 people
- **Funding reported:** 5.5M as listed, currency not stated
- **Last round:** Seed Nov 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Finery Markets has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Finery Markets

Finery Markets is a global provider of non-custodial cryptocurrency Electronic Communication Networks (ECN) and electronic trading Software as a Service (SaaS) solutions.

Founded in 2019 and based in Limassol, Cyprus, the company operates a hybrid ECN technology that allows trading through order books, Request for Quote (RFQ), and quote streams. Its non-custodial model ensures clients maintain full control of their assets while benefiting from deep liquidity and a robust infrastructure with over 99.99% uptime. The company offers a range of financial technology products tailored for institutional clients in the digital asset space. This includes a multi-dealer ECN that aggregates liquidity, a comprehensive electronic trading SaaS for capital efficiency and risk management, and a stablecoin trading environment designed for institutions. Finery Markets serves over 150 clients across more than 40 countries, focusing on institutional participants such as payment providers, brokers, OTC desks, hedge funds, custodians, and exchanges. The company has received recognition as one of the top 50 Rising Stars in the Deloitte Technology Fast 50 competition in 2024.

## What company datasets say Finery Markets raised

Funding, as reported

Reported in all **5.5M** in the source's currency

Rounds **1**

Last round **Seed**

Last round size **5.5M**

Last round date **Nov 2022**

Investors listed **8**

## Founders and team

From Finery Markets's own website: 2 founders, 4 on the team.

**Ilia Drozdov** Co-founder

**Konstantin Shulga** Co-founder

- **Anastasia Karpinska** Head of Engineering
- **Artem Karavaev** Product manager
- **Egor Morozow** Customer Solutions Director
- **Krish Chatterjee** Product manager

Advisers *Marko Jagustin* *Stan Bublik*

## On 3 portfolio pages

Investors who name them

- [gumi Cryptos Capital](https://millionrounds.com/fund/gumi-cryptos-capital)
- [Good News Ventures](https://millionrounds.com/fund/good-news-ventures)
- [APA Venture Partners](https://millionrounds.com/fund/apa-venture-partners)

Each firm lists Finery Markets on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

rfq platform market access white-label solutions liquidity aggregation settlement automation trading lifecycle management digital asset infrastructure otc trading support digital asset trading security standards digital asset otc information technology & services multi-venue connectivity market data multi-channel trading market data analytics

Built with from their website

Amazon SES Google Tag Manager Amazon CloudFront AWS Trusted Advisor PWA VictoriaMetrics Linkedin Insight Tag Google Workspace Viewport Meta LinkedIn Ads

+8 more

Amazon Simple Email Service PostgreSQL AWS Analytics Azure Linux Virtual Machines AI Google Meet GitBook CAPTCHA

- **Sector:** Information technology & services
- **Industry code:** NAICS 5231, 513210, 523210, SIC 6732
- **Region:** Limassol
- **Revenue:** 3.5M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/finery-markets)

## Information technology & services in Cyprus

Startups like it

- [**Another** Nicosia · founded 2017](https://millionrounds.com/startup/another-2)
- [**Composable Foundation** founded 2021](https://millionrounds.com/startup/composable-foundation)
- [**Sumsub** Limassol · founded 2015](https://millionrounds.com/startup/sumsub)
- [**Omilia** Larnaca · founded 2002](https://millionrounds.com/startup/omilia-2)
- [**BridgerPay** Limassol · founded 2019](https://millionrounds.com/startup/bridgerpay)
- [**Spotware Systems** Limassol · founded 2010](https://millionrounds.com/startup/spotware-systems)
- [**KEK Entertainment** Limassol · founded 2021](https://millionrounds.com/startup/kek-entertainment)
- [**connect.club** Limassol · founded 2017](https://millionrounds.com/startup/connect-club)

## Is this your company?

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