French Public Investment Bank invests in crypto trading software Kryll
Cryptense, the company behind Kryll.io, creator of automated cryptocurrency trading software, announced today it was selected by Bpifrance (the French Public Investment Bank) to support the development of its cryptocurrency trading platform. Kryll.io was released in V1 in January 2019, and Bpifrance has decided to strengthen its future developments with a major investment.
Kryll.io is the first intuitive platform allowing users to define powerful crypto trading strategies through a simple drag and drop editor. With its Wysiwyt (What You See Is What You Trade) flow-based technology, building basic or advanced automated trading systems becomes intuitive, fast and easy; no dev skills needed. For the less experienced traders, a MarketPlace offers various ready-to-deploy strategies made by other advanced users.
“This is really good news for us and our community to see the French institutions supporting us in this way. Bpifrance proves its confidence and commitment in the innovative Blockchain technology sector and in the emerging digital asset industry. Bpifrance’s financial support for our project marks a very important step in our development. It will accelerate the development of our new technologies and help us to increase our R&D investments in the machine learning sector. All this will have very positive repercussions for our users, who will see constant quality improvements of the tools at their disposal to improve their trading strategies.”
“We hope this investment will allow you to accomplish as fast as possible the innovative program you aim to develop.”
Bpifrance
Bpifrance’s capital stock investments are managed by Bpifrance Investissement. Bpifrance is a subsidiary of the Caisse des Dépôts group and the French State, a trusted partner for entrepreneurs, supporting companies until their stock market listing via credit, guarantees, and capital stock.
In addition, Bpifrance provides guidance and extended support services for innovation, external growth and exports in partnership with Business France. Bpifrance offers companies a continuum of financing options for each key stage in their development, and a highly adapted range of regionally-specific services.
Bpifrance operates as support to the public policy driven by State and Regional governments in order to meet three objectives: support the growth of small and medium businesses, prepare for future competition, and to contribute to the development of an economic ecosystem that favors entrepreneurial activity.
