Koine Crypto Custody Service Provider Acquires Hireabl (Recruitable) to Automate Client Onboarding
Koine, one of the renowned providers of cryptocurrency settlement and custody, has announced the acquisition of a startup by the name hireabl or aka Recruitable Ltd. The startup, which is yet to launch, has been described by Koine as being a Fintech platform that is specifically tailored for automated client and freelancer on-boarding.
In the light of this takeover, the founders of hireabl – which are Matt Dangerfield and David Grocott, will keep their present roles under the new mother entity. Besides, the CEO of hireabl – one Jason Mochine – will also take over as the Koine's Head of Sales.
Now, set to go live on June 2019, Koine offers its institutional clients real-time and custody settlement services for both fiat and digital assets. What's more, the company says that it has plans ready for making additional talent acquisitions especially of early and yet-to-launch but promising startups in a bid to offer more integrated, focused and an end-to-end array of services to satisfy its client's demands.
Nonetheless, the addition and acquisition of Hireabl will also give them an automated AML/KYC/CTF platform that is part of the larger Koine's architecture. And this will ensure an efficient, scalable and streamlined client on-boarding.
The Completion of Koine's 2nd Financing Round
Koine's CEO and chairman, one Mr. Hugh Hughes who once served as Societe Generale Securities' chief executive, was also behind the founding of Fixnetix. This is a financial technology company that was later sold back in 2016 to CSC, an American Tech vendor for more than $100 million.
In a recently released statement, Hughes made it clear that Koine was in the final stages of its second financing round and that his company was ready and poised for growth and launch.
On his comments of this deal, Hughes said:
“The acquisition of technology and talent has now made it possible for us to invest a lot of valuable resources in developing a streamlined client onboarding process that is tailored for superior customer service excellence. That being said, we are excited that hireabl's team, talent, and technology are now under the guidance and inspiration of Koine. And this boosts our platform to become one of the biggest custodians of tokens and digital assets.”