Allegory Capital leads a $7.1 million Series A funding round for Unblock, a Swiss blockchain fintech company, aiming to enhance its digital payment solutions and expand into new markets.

Target Company Overview

Unblock, operated by Atomo Sàrl, is a pioneering blockchain fintech firm based in Geneva, Switzerland. As a fully regulated Virtual Asset Service Provider (VASP) by the Swiss Financial Market Supervisory Authority (FINMA), the company provides a sophisticated platform for users to buy, sell, transfer, and exchange digital assets. Unblock's mission is to transform the digital payments landscape by leveraging cutting-edge blockchain technology, offering unparalleled ease and security in financial transactions.

Unblock has developed an innovative cross-border payment and remittance platform that utilizes blockchain technology to ensure a transparent user experience. With a team boasting over 20 years of experience in the financial sector, Unblock focuses on compliance, KYC development, and fund management on a PCI Level 1 compliant platform.

Industry Overview in Switzerland

Switzerland is recognized as a global hub for blockchain and fintech innovations, characterized by its robust regulatory framework that fosters growth in the digital finance sector. This environment encourages startups and established firms