German criptocurrency company sets up in Porto and looks for technology and product talents

What German Finoa offers is a safe way of storing (custody) cryptocurrencies for institutions. In 2022, technology and product operations will be carried out from the offices the company is about to open in the city of Porto. For this mission, two dozen people will be hired.

If the track record continues as it did last year –in which Finoa grew by more than 340% and reached millions of euros in revenue, assuming a leading position in Europe – the goal is clear: to increase the global team from the current 75 to 200 employees to support this rapid growth.

To Porto., Henrik Gebbing, one of the Chief Executives and founder of Finoa, admitted that the choice of Porto was due to the fact that they see the city as a "crypto hub under development in Europe” and for offering a "very competitive job market”. The partner, Christopher May, confirmed the hiring of "20 people by the end of 2022 in the technology and product areas”.

In a statement, Henrik Gebbing adds that "Finoa is opening this office at an important inflection point in the cryptocurrency industry”, from which "we are ready to unblock its potential and help institutional investors grow their portfolios”.

Christopher May adds that the company has in mind "a true one stop branch for institutional investors and corporations around the world that want to easily interact with cryptocurrencies” and that the new office in Porto "is just the first of the growth to come”.

Founded in 2018, the German company offers custody and staking products of blocked cryptocurrencies, as well as access to crypto assets and tokens and to new financial products and services.