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Coinshift
Crypto treasury management
- 1-20 employees
- Fintech
- B2B
- Cryptocurrency
- Blockchain
- Accounting
- Web 3.0
- Factoryville, PA
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Company mission
Coinshift' mission is to increase the financial health of organisations.
Our take
Crypto trading and mining companies mostly have the resources they need to power their assets, but storing and organizing assets can take away valuable time from the work they set out to do. Treasury management platforms such as Coinshift can simplify the process using multisig (high security) tools.
Originally known as Multisafe, Coinshift was launched in 2021 and in just a year grew its assets under management to $1.6 billion, oversaw $115 million in payouts, and received $15 million in Series A from American and Indian venture capital firms. The platform and infrastructure company has been busy since then and has capitalized on its surge in popularity through partnerships with global crowdfunding and blockchain platform EarthFund.
With huge crypto trading companies like FTX having crashed in 2022, treasury management businesses will see a rise in demand to secure crypto assets. Coinshift must make sure it can scale up as fast as its platform demand necessitates, and seem to be on track to do so.
Freddie
Company Specialist at Welcome to the Jungle
Company values
- Customer Focus: We prioritize the needs of our customers and strive to exceed their expectations; We actively listen to our customers and seek to understand their needs and preferences; We make no assumptions about what our clients need, we listen instead to create tailored solutions
- Innovation: We boldly pursue new ideas and embrace creativity as a driving force of progress; We encourage calculated risk-taking and experimentation to continuously improve our products and services; We stay ahead of the curve by anticipating future trends and technologies and boldly adapting to change
- Respectful Collaboration: We work together as a team, treating everyone with dignity and kindness; We listen actively to each other, seeking to understand and appreciate different perspectives; We celebrate our differences and use them to drive innovation and achieve shared goals
- Passion: We approach our work with enthusiasm, energy, and a can-do attitude; We are committed to achieving our goals and take pride in our accomplishments; We continuously seek ways to improve and innovate
- Adaptability: We are agile and responsive, able to quickly adjust to changing circumstances and priorities; We approach challenges with a positive and solution-focused mindset, always seeking opportunities to innovate and improve; We continuously invest in our own growth and development, learning new skills and staying current with industry trends and best practices
- Integrity in Action: We are honest and transparent in our communication, and we act with integrity in all our interactions; We deliver on our commitments and promises, consistently and on time; We hold ourselves accountable for our actions and take ownership of our responsibilities
Funding (2 rounds)
May 2022
$15m
SERIES A
Sep 2021
$2.5m
SEED
Total funding: $17.5m
This company has top investors
Leadership
Tarun Gupta
(CEO)Previously Co-founder and COO at Parcel Inc, Lead Infrastructure Engineer at Biconomy, Co-founder and Technical Architect at Coinsafe, and Co-founder and Technical Architect at Vevsa Technologies.