Juan Roig, Ángel Corcóstegui and Jose María Castellano participate in Criptan’s € 3.5M financing round


 Criptan, the Spanish cryptocurrency trading platform, has closed its last financing round at 3.5 Million euros with the support of investors such as Ángel Corcóstegui, former CEO of Banco Santander, to through his family office, and Juan Roig, through his VC, Angels. In addition, José María Castellano, former VP and CEO of the Inditex textile group between 1997 and 2005, participated together with his son Pablo, who now leads their Family Office.

Through this round, Criptan also wanted to get closer to the new generations. Therefore, Reven, one of the new best known faces on the content creator scene has decided to join the round.

The company has also added to its cap table Antonio Catena, Arnau Vidal and Jorge Orejudo, founders of Team Heretics, one of the largest eSports teams in the world, Iñaki Berenguer, Co-founder and CEO of CoverWallet and an internationally successful entrepreneur, as well as the Draper B1 fund as lead investor.

With this round, Criptan brings together the greatest exponents of the financial sector and the national digital sector. And above all, it achieves the endorsement of a team that shares the vision that cryptocurrencies are going to change the way people interact with money.

Boost to the Criptan way of thinking

“This financing round has been hard work, as we have tried to link Criptan with the most relevant people in this sector. And I think we have achieved it, since, for us, investors not only represent an economic injection but also represent many more things and in one way or another they are part of the team and our philosophy”, explains the CEO of Criptan, Jorge Soriano.

Criptan closes 2021 with great numbers, such as its nearly 25,000 registered users, 21,500 more than in 2020 (representing a growth of more than 600%) and a total accumulated transacting volume of more than 137 Million euros (114 Million euros in 2021)

In addition, this year it has created new services such as CriptanCard, the debit card launched along with Mastercard through which cryptocurrencies can be used to pay at any business; o CriptanEarn, a new service that allows users getting returns on crypto assets of up to 4.8% in the case of Staking ETH 2.0 and different returns on USDC, a stablecoin anchored to the value of the dollar.

The main goal of this financing round is, according to Jorge Soriano, “To make what we are doing known to the entire world because we are convinced that through cryptocurrencies we can improve the day-to-day life of our users. Always having as maximum the care for our users, simplicity and transparency. We are in an environment where the rules of the game are changing and people’s needs and expectations are changing as well ”.

2021 has supposed for Criptan, which is being promoted in the Lanzadera accelerator, an exponential growth and this round allows a more ambitious and global plan for the platform, since the company will open operations in Mexico soon and in several more Latin American countries during 2022.

“During 2021, the adoption of the crypto world took a huge leap, pointing that, definitely, this technology is here to stay. Criptan has gone from having 5 people to almost 40, and we continue to grow. This year has been a year of validation of our model and our vision. Criptan aims to be a new way of interacting with the money of the future. Get your money to work for you while you sleep, be able to spend it and be able to share it with anyone, anywhere in the world. In 2022 we expect to boost growth like never before. We are closing agreements with very large brands to continue bringing the advantages of cryptocurrencies to the world in the simplest way possible”, highlights Jorge Soriano.