Coinpanion transforms the crypto projects to make a revolution in the cryptocurrency market
Cryptocurrency is flourishing in the global financial market owing to the smart functionalities of blockchain technology. Multiple companies have identified the potential market with the use of thousands of cryptocurrencies to make it more transparent and reliable. Companies like Coinpanion and others are transforming the financial sector by making smart portfolios.
Here is an exclusive interview with Alexander Valtingojer, CEO and Co-Founder, Coinpanion, who elaborates the idea of the company to ensure unique crypto projects are present in the highly volatile cryptocurrency market without sufficient knowledge of how cryptocurrencies work and process. 1. Kindly brief us about the company, its specialization and the services that your company offers.
Coinpanion is a Vienna-based dynamic fintech that was founded in 2019 to provide smart portfolios for all types of investors with the specialization in making the crypto world more accessible and transparent. Innovative technologies are reshaping the world all the way from decentralized banking systems to digital art. With Coinpanion, one can join this revolution by investing in the world of tomorrow. There are already thousands of cryptocurrencies and more are added every month. The choice is enormous and making the right decision can be overwhelming. At Coinpanion, a team of industry experts carefully selects coins to be a part of a portfolio. So one doesn’t have to make own decision and can rely on experts who ensure that only unique crypto projects that will stand the test of time are selected! 2. With what mission and objectives, the company was set up? In short, tell us about your journey since the inception of the company?
Every idea starts with a problem and in this case two young South-Tyrolians at a house party. In 2018, Alexander Valtingojer (CEO) met Matthias Zandanel (CTO) and they were talking about how complicated it was to invest in cryptocurrencies compared to investing in the stock market. Little did they know what their chat would lead to.
Driven by the vision to make the crypto market accessible for everyone, at first, the two came up with a concept of a platform where successful cryptocurrency traders could be copied. Soon, Aaron Penn (Lead Developer), Matthias’ old partner-in-crime, joined the team. Just as the platform was picking up momentum in 2019, the three realized that they no longer believed in the concept. Everything was dependent on the traders, who acted intransparent and users were blindly following the traders with the highest recent profits.
By the end of 2019, they decided to close the copy trading platform and look for a better way to make the crypto market accessible for everyone. Armed with all the know-how accumulated over the past years, the team launched the first version of Coinpanion and also managed to close its first investment round in August 2020. The beta was causing quite a buzz in the Austrian start-up scene and Coinpanion started gaining traction.
In spring 2021, the team realized that the problem of accessibility was not only a problem in the world of cryptocurrencies but also for many other forms of investments. At this point, the team’s vision became much broader, aiming to make investing in the world of alternative investments as easy as they had already done with cryptocurrencies. By August 2021, the team had grown to seven and received €1.8 million seed investment from investors like Florian Gschwandtner (Founder of Runtastic), Patrick Pöschl (Founder of Scalable Capital) and one of Europe’s most active venture funds, High-Tech Gründerfonds.
Just in 2021, Coinpanion has grown from just the founding team of four to over 30 people, with over 15 different nationalities. 3. Brief us about the proactive Founder/CEO of the company and his/her contributions towards the company and the industry.
I started with crypto in 2014/2015 when I was in high school. Back then, I was buying and selling games on Steam by Valve Corporation on different forums— a common medium of payment was Bitcoin and PayPal. For me, Bitcoin was just “cool internet money” that I used to buy other games or (by converting it to fiat) other real-life goods (like a motorcycle). Little did I know how it would influence my future life. I have been involved in the crypto scene since 2015 and was invited as an expert on cryptocurrencies on TV, radio and numerous newspapers. Before starting Coinpanion, I worked on several blockchain projects. Now I spend most of my day reading about crypto, DeFi, NFTs, or […]
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