Finio Technology Funding, Investors & Competitors

Finio Technology has raised $160M across 3 funding rounds, most recently a $100M Series C in June 2022.

Last Finio Technology funding round

$100M

Series C · Jun 2022

Cumulative funding Finio Technology raised

$160M

across 3 funding rounds

Finio Technology Overview

About Finio Technology

Finio Technology integrates digital assets with fintech services globally, offering Bitcoin lending platforms, automated cryptocurrency trading bots, and proprietary mining chips to ensure secure investment operations for clients.


Founded

2010

HQ

CanadaToronto

Website

finio.io

Status

Privately held

Customer focus

B2B

Revenue model

Services

Finio Technology Funding History

Finio Technology has raised a total of $160M across 3 funding rounds.

Finio Technology's first fundraising round was a $10M Series A in May 2020. The most recent completed round was a $100M Series C in June 2022.

Finio Technology funding rounds

Finio Technology funding rounds
DateStageRaised
Jun 2022Series C$100M
Jun 2021Series B$50M
May 2020Series A$10M

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Finio Technology Competitors

Finio Technology competitors include listed companies like BitGo Holdings, DMG Blockchain Solutions, Block and Coinbase, and private ones like Ripple and OKX.

Public and private companies comparable to Finio Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BitGo HoldingsUnited StatesUnited StatesPublicly listed$16B($9M)$795M5.5x
DMG Blockchain SolutionsCanadaCanadaPublicly listed$34M$6M$77M3.8x
RippleUnited StatesSan Francisco, CAPrivate$1.2B-$50B-
BlockUnited StatesUnited StatesPublicly listed$24B$2.2B$46B1.6x
CoinbaseUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B7.6x
OKXSeychellesVictoriaPrivate$1.9B-$25B13.2x

Finio Technology Public Comps

Finio Technology is still privately-owned, but its public comps include Strategy, Block, Coinbase, Circle, IREN, BitMine, Hut 8, TeraWulf, Riot Platforms and Core Scientific.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)
Block$24B$2.2B1.7x1.6x18.6x9.4x
Coinbase$7.2B$1.8B6.1x7.6x24.2x27.2x
Circle$2.7B($73M)7.2x6.8x(273.4x)29.6x
IREN$707M($312M)27.0x16.3x(61.1x)31.7x
BitMine$6M($364M)2308.9x97.4x(38.6x)-
Hut 8$235M($165M)80.6x69.6x(114.7x)445.4x
TeraWulf$168M($484M)64.4x45.3x(22.4x)323.2x

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Common questions about Finio Technology

When was Finio Technology founded?Finio Technology was founded in 2010.
Where is Finio Technology headquartered?Finio Technology is headquartered in Toronto, Canada.
Is Finio Technology publicly listed?No, Finio Technology is a private company.
How much funding has Finio Technology raised?Finio Technology has raised $160M across 3 funding rounds.
What was Finio Technology's last funding round?Finio Technology's last funding round was a $100M Series C in June 2022.
Which companies are comparable to Finio Technology?Companies comparable to Finio Technology include BitGo Holdings, DMG Blockchain Solutions, Ripple, Block, Coinbase and OKX.

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