Taurus raises USD 65 million Series B financing round

The fintech startup Taurus raised new capital from strategic investors in a Series B led by Credit Suisse. The investment solidifies the company's position as a European market leader in digital asset infrastructure. The startup was named a TOP 100 Swiss Startup in 2020 and 2021.

Taurus co-founders Sébastien Dessimoz, Jean-Philippe Aumasson, Lamine Brahimi, and Oren-Olivier Puder

The Geneva-based startup Taurus secured USD 65 million in a Series B round led by Credit Suisse and including new institutional investors such as Deutsche Bank, Pictet Group, Cedar Mundi Ventures, as well as from Series A investors Arab Bank Switzerland and Investis, a stock-listed real-estate group.

Taurus co-founders, Lamine Brahimi, Sébastien Dessimoz, Oren-Olivier Puder, and Dr. Jean-Philippe Aumasson, remain the largest shareholders of Taurus and at the helm of the Company. The transaction was approved by the Swiss regulator, FINMA.

Since its founding in 2018, the startup has grown to become a European market leader in the digital assets and blockchain space. When Taurus launched its TDX platform in 2021, it was the first marketplace in the world to instantly connect banks, issuers, and investors to exchange any digital asset.

The funds from this financing round will be used to support Taurus’ growth strategy, allowing them to further develop their platform, and expand their client base and global presence by opening offices in Europe, UAE, the Americas, and South-East Asia. Taurus has already established a solid foothold in first-tier banking; the startup works with more than 25 financial institutions and corporate clients in eight countries and three continents, including systemically important financial institutions, retail and online banks, private banks, crypto-banks, investment banks, and broker-dealers. Amongst its clients are banks such as Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, and Vontobel.

"Raising USD 65 million in the current market environment tells a lot about the quality of Taurus’ people and products," said Lamine Brahimi, co-founder and Managing Partner of Taurus. "We are proud to welcome such high-profile investors and benefit from their expertise to further develop one of the richest platforms in the industry, covering any type of digital assets, way beyond cryptocurrencies."

Taurus ranked among the TOP 100 Swiss Startups in 2020 and 2021.