Gatenox, a United Kingdom-based provider of institutional client-approved credentials that has emerged to solve one of the major problems of the Crypto Ecosystem, has raised a seven-digit amount of funds from the C3 VC Fund, which invests in rare technology companies around the world. C3 VC Fund is a venture capital firm based in Frankfurt, Germany. In addition, October funding was provided by several prominent angel investors, including A100X Ventures and Aleph Zero co-founders Matthew Niemerg and Antoni Zolciak.
Gatenox is the Anti-Money Laundering and Sanctions Prevention solution for corporate recruiting that starts with the customer. It was founded in early 2000 by Pawel Kuskowski and Wojciech Zatorski, former CEO and founder of the blockchain forensics company Coinfirm (Wojciech is a technology and pay specialist who has founded Blik, among other startups.) , who witnessed the challenges of complying with legal requirements while working in financial institutions and companies.
In today’s world, it is mandatory for everyone to comply with expanding rules and regulations, but not everyone can afford to build a large team and pay for compliance tools with high fees. This is much more difficult in the Crypto ecosystem, where existing solutions are not suitable. With its expertise and unique KYB solutions, Gatenox enables its corporate customers and SMEs to connect seamlessly and completely with the crypto world and benefit from the advantages of blockchain technology as a new local financial layer.
Know Your Business(KYB)
Focusing on facilitating the connection processes with the Know-Your-Business (PUK) and the crypto world, Gatenox positions itself in a unique way by making the recruitment process of corporate entities and SMEs simple and automated. Gatenox, which is testing its solutions with well-established crypto companies, plans to launch its product packages in the third quarter of 2022.
Theo Woik, Managing Partner of C3 VC FUND, commented on the funding: ‘Know-Your-Business is a memorable topic for businesses operating in the crypto space today. With the recent challenges and the upcoming wave of new regulations, solutions to simplify and organize corporate-level credentials will be in high demand.” “Pawel and Wojtek are very experienced entrepreneurs and we rely on their ability to develop and scale the best SaaS solutions beyond crypto.”
After LUNA, 3AC, Celcius and Voyager, we see that everyone is aware of the need for companies that provide Gatenox and similar services. We can say that many corporate and retail companies will cross paths with Gatenox in the future. Pawel Kuskowski and Wojciech Zatorski, who have noticed one of the major shortcomings of the Crypto Ecosystem and want to solve it, are two entrepreneurs who have shared enough experience in their fields to be successful. After the funding, the product packages of Gatenox, which we have seen that they have accelerated their work even more, will be re-evaluated and evaluated by us within the market launch.
About C3 Management and the C3 VC Fund
C3 Management GmbH is an asset management company focused on managing venture funds that invest in exceptional blockchain technology companies around the world. The mission of C3 is, among other things, to accelerate the growth, development and especially the adoption of blockchain technology. Toward this mission, C3 manages the C3 VC Fund, funded in part by Block.one, which offers developers and entrepreneurs the funding they need to build community-driven businesses that leverage crypto and blockchain. The C3 VC Fund focuses on early-stage and growth-stage technology companies. The C3 VC Fund operates worldwide and is based in Frankfurt, Germany.
Gatenox is a one-click AML/KYC solution for corporate and individual account opening starting with the customer. Gatenox aims to be a corporate recruitment identity node for stock exchanges, fintech companies and banks
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