Poland-based fintech startup Mizar bags $3M funding led by Nexo to solve the complexity of trading crypto with next-gen smart trading tools

In recent years, institutional support for bitcoin As mainstream adoption of crypto grows in recent years, many now see cryptocurrency trading as a source of generating passive income. However, crypto trading is not without its challenges and complexity, which makes it difficult for new crypto traders to get into the game.

The other issue has to do with speculation on price movements via a CFD trading account, or buying and selling coins via crypto exchanges. Now, one tech startup is aiming to solve the complexity of trading crypto and improve its accessibility.

Enter Mizar, a Poland-based crypto startup with a vision to realize the full potential of smart and algorithmic trading to drive a new era of passively and actively managed exposure to crypto.  The Mizar team is developing an innovative yet simple trading platform that offers its users trading tools for traders of all levels. Mizar wants to open trading to everyone, offering a fair and proportional business model.

This weekend, Mizar announced it has closed a $3 million in seed funding to build the next generation smart trading tools for everyone’s use. The round was led by Nexo, with participation from Huobi Ventures, KuCoin Ventures, Gate Labs, MEXC, WOO Ventures, Spark Digital Capital, Shima Capital, Stakely VC, Evolve Capital, Kairon Labs, AU21 Capital, Tenzor Capital, NFT Tech, David Post, and Dean Thomas.

Mizar will use the new capital infusion to further the goal of making smart trading tools accessible to everyone to automate their trading and get back their time. Mizar also wants to bridge advanced trading tools from CeFi to DeFi, addressing the problems of facilitating advanced trades within multiple networks with a solution that would enable anyone to trade multiple pairs, execute advanced orders, or low-risk strategies all within one simple-to-use platform.

Founded by CEO Francesco Ciuci, Mizar is a next-gen trading platform where traders can search for strategies to securely allocate capital or get access to a wide range of trading tools to put their assets in motion. Mizar’s mission is to deliver advanced yet simple to use trading tools and make them accessible to everyone. Mizar’s smart trading tools require no prior trading knowledge.

Everyone could be a potential user of Mizar: beginners who want to invest in other traders’ strategies with a few clicks, investors who want to reduce their risk by managing their portfolios with smart functions or advanced traders who want to automate their trades and get copied to earn a passive income. The goal of Mizar is to lower the barriers of entry, allowing beginners and experts to improve their crypto trading experience. Mizar aims to offer all this subscription-free, by letting users pay only if they actually trade or perform.

Kalin Metodiev, CFA, Co-Founder and Managing Partner at Nexo, says, “Nexo is pleased to enter into a strategic partnership with Mizar to support the development of smart trading tools and strategies. We believe that the platform will allow even a novice crypto investor to trade with more confidence and explore new strategies, thereby enhancing the user experience during the continuous mass adoption of digital assets.”

Francesco Ciuci, Co-Founder and CEO of Mizar states, “Mizar is thankful for all the quality backers investing in the Mizar Vision. We are excited to announce our partnership with Nexo as lead investor, to support us to develop advanced yet easy-to-use smart trading tools. Mizar is aiming to solve the complexity of trading crypto and improve its accessibility, and Nexo will play an active role in making it possible.”

What’s next for Mizar?

As Mizar continues to grow its product, the company plans on focusing on strengthening its current core community and partnerships, while simultaneously continuing to add high-quality talents to its team. Their mission is to make the Mizar platform accessible to everyone and achieve financial inclusiveness for all.