Setl

Setl

Blockchain settlements and payments. Learn more
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DateInvestorsAmountRound
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N/A

Early VC
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Early VC

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Grant

£280k

Grant
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Acquisition
Total Funding€36.7m

Recent News about Setl

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SETL, founded in 2015, specializes in distributed ledger technology (DLT) tailored for financial services. The company operates in the fintech market, providing a regulated blockchain platform that connects to Real-Time Gross Settlement (RTGS) systems, ensuring settlement finality. SETL's core offerings include a comprehensive framework for cash-like transactions over the internet, leveraging industry-standard BPMN2 workflows to orchestrate blockchain activities. The platform maintains a state of assets as a financial ledger, facilitating secure and efficient transactions.

SETL serves a diverse clientele, including financial institutions, asset managers, and market infrastructure providers. Its flagship product, IZNES, is a fully-fledged fund distribution platform that is interoperable with existing distribution channels, supporting both primary and secondary market activities. Additionally, SETL offers a payments infrastructure backed by Central Bank Digital Currency (CBDC), enhancing the efficiency and security of financial transactions.

The company's business model revolves around providing subscription-based access to its platform and charging transaction fees for the services rendered. This model ensures a steady revenue stream while promoting scalability and adoption among its clients.

SETL has received numerous accolades, including the FinChallenges Award and the Europas Award for Blockchain Crypto, underscoring its innovative contributions to the fintech industry.

Keywords: distributed ledger technology, financial services, blockchain, RTGS, BPMN2 workflows, fund distribution, CBDC, asset management, fintech, secure transactions.

Tech stack

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