BPI France, the French Public Investment Bank, invests in Kryll.io!
Kryll is an intuitive flow-based platform for the definition of automated trading strategies.
The French Crypto Startup had completed a successful ICO in 2018 before the crypto market fell throughout the year.
The innovative French Crypto Startup already has an operational trading platform, connected to various crypto exchanges such as Binance or Liquid.
Bpifrance’s capital stock investments are managed by Bpifrance Investissement.
Bpifrance is a subsidiary of the Caisse des Dépôts group and the French State, a trusted partner for entrepreneurs, supporting companies until their stock market listing via credit, guarantees and capital stock.
In addition, Bpifrance provides guidance and extended support services for innovation, external growth and exports in partnership with French businesses.
Thanks to their banking partners, investors, regions or institutions, Bpifrance increases financing for entrepreneurs.
Luca BENEVOLO, CEO of Cryptense commented:
“This is really good news for us and our community to see the French institutions supporting us in this way. Bpifrance proves its confidence and commitment in the innovative Blockchain technology sector and in the emerging digital asset industry.
Bpifrance’s financial support for our project marks a very important step in our development.
It will accelerate the development of our new technologies and help us to increase our R&D investments in the machine learning sector.
All this will have very positive repercussions for our users, who will see constant quality improvements of the tools at their disposal to improve theirs trading strategies.”
Rolland VITI, Head of Innovation Department at Bpifrance said:
“We hope this investment will allow you to accomplish as fast as possible the innovative program you aim to develop.”
In the crypto startup sector, there are few French players, we can mention Ark in particular but otherwise few names come to mind.
Competition is tough in the crypto world, China in particular is very present.
It is therefore good news that French institutions are interested and invest in new French crypto companies to help them grow in this new economy.
Blockchain technology, Bitcoin and cryptocurrency will revolutionize the way in which many economic and industrial sectors will work.
2019 will surely be a pivotal year where only the strongest crypto companies will survive this long crypto bear market!