CryptoSwift Raises €510K to Solve One of Crypto’s Biggest Compliance Headaches

We’re excited to share a major win for CryptoSwift, one of the most promising compliance startups in our portfolio at Startup Wise Guys.
CryptoSwift has just secured a €510,000 pre-seed round to help crypto companies across Europe comply with the Travel Rule, a key requirement of the new MiCA regulation and FATF guidelines set to become fully enforceable across the EU by the end of 2024.
With the clock ticking for compliance, CryptoSwift is stepping up with the lightest-integration solution on the market, making it fast and seamless for crypto companies to stay ahead of regulatory demands.
Building Infrastructure for the Next Era of Crypto
When CryptoSwift joined our accelerator in Tallinn, they came with a clear mission: help crypto companies avoid regulatory chaos by making Travel Rule compliance plug-and-play.
From day one, their deep understanding of blockchain infrastructure and regulatory frameworks stood out. The founding team, led by Indrek Ulst, is combining technical excellence with sharp regulatory insight to address one of the industry’s biggest blind spots.
Since then, they’ve formed key partnerships with compliance players like AML Watcher, Global Ledger, Scorechain, and Fraud.com, and onboarded early adopters such as Change Invest, Crypto2Cash, and Crypto Voucher.
“ We invested in CryptoSwift first of all because of the team and their experience and because of the problem the team is solving. All the players in the Crypto ecosystem need to be compliant with the Travel Rule and with CryptoSwifts easy API it’s definite nobrainer for VASP-s and other market players.”
– Priit Uustulnd, COO at Startup Wise Guys
Compliance Made Easy – And Urgent
Most crypto companies in the EU are still unprepared for what’s coming. According to CryptoSwift, two-thirds of CASPs haven’t yet achieved full Travel Rule compliance, despite the deadline fast approaching.
This pre-seed round, backed by Tenity, Startup Wise Guys, DEPO Ventures, and a group of strategic angels, will enable the team to expand across Europe, grow its technical and sales teams, and accelerate integrations.
“As crypto goes mainstream, the winners will be those who integrate effortlessly into the regulated financial system,” said Kevin Chavanne, Investment Manager at Tenity. “CryptoSwift is enabling that shift by making transactions transparent, compliant, and seamless.”
Laying the Rails for Crypto’s Future
CryptoSwift’s secure, automated messaging network allows VASPs, custodians, and wallets to share identity data in line with global standards, while preserving privacy and minimizing integration friction.
And for compliance providers — from blockchain analytics platforms to KYC and AML services their Partner API offers fast, smooth Travel Rule implementation at scale.
As the European crypto ecosystem enters a new era of regulation, CryptoSwift is becoming the essential infrastructure layer that enables safe, compliant growth.
We’re proud to back this team from the early days and excited to see them lead the charge in building a more transparent and trusted crypto future.
July 3, 2025