German fintech startup Tangany raises €10 million in Series A funding

Munich-based German fintech company Tangany announced on the 7th (Korean time) that it had raised €10 million (about KRW 14.7 billion) in a Series A round to expand its digital asset custody business.

The round was led by Baader Bank; Elevator Ventures, the venture capital subsidiary of Raiffeisen Bank International (RBI); and Heliad Crypto Partners, the digital asset investment arm of Heliad AG. Existing investors HTGF and Nauta Capital also participated.

Founded in 2018, Tangany is a digital asset custody company authorized by the German financial regulator BaFin, providing B2B white-label custody solutions to over 60 institutional clients including banks, exchanges and fintechs. It currently manages €3 billion in assets (approximately KRW 4.4 trillion) and operates more than 700,000 customer accounts.

Martin Kreitmaier, Tangany's CEO, said, "This investment is not simply an inflow of capital but a signal that major European financial institutions trust Tangany's vision," adding, "We will establish ourselves as a key member of the European financial system while maintaining our independence."