Kaiko, a leading French company that works to provide cryptocurrency market analysis data to both corporate and institutional clients, has announced its acquisition of Kesitys. The startup wants to develop in quantitative analysis, always with a view to expand internationally.
Kaiko acquires Kesitys
Kaiko, a French company focused on providing market analysis data on cryptocurrencies, has announced that it is acquiring Kesitys, also a French company specialising in risk management and derivatives.
With a high-quality portfolio that includes renowned companies in the blockchain sector such as Messari, Chainlink, Paxos and Ledger, Kaiko wants to become the reference source for all information and data related to the cryptocurrency market.
Kaiko wants to expand its areas of expertise here, in particular by setting up a business unit fully dedicated to quantitative analysis products, a sector in which Kesitys excels.
This new branch will be managed by Kesitys’ founders, Anne-Claire Maurice, Mnacho Echenim and Emmanuel Gobet. According to Ambre Soubiran, Kaiko’s CEO, the arrival of these new talents will bring real added value to the company in terms of competitiveness in the cryptocurrency analysis market:
Kaiko is delighted to welcome Anne-Claire, Emmanuel and Mnacho to the team. Their extensive experience in creating quantitative analysis products and expertise in the crypto space will be a huge asset to the company in creating a range of products that meet the growing demand for quantitative products from traders and portfolio managers. “
The role of this unit will be to create a range of tools for traders, from portfolio strategy design and development, to execution and reporting (data communication and analysis).
A French company that shines in cryptocurrencies
The acquisition of Kesitys follows Kaiko’s last fundraising, which took place in June 2021 during a Series A round of financing and raised no less than $24 million. This round was led by Underscore VC and Anthemis, whose founder Sean Park announced that he was joining Kaiko’s board.
The Paris-based French company aims to become “the foundation of the new digital finance economy”, in particular by “serving as a single source for market information from centralised or decentralised marketplaces”.
Kaiko offers its services to both institutional and corporate clients, whether for general information or for customised analysis plans according to their needs, in sectors as rich and varied as trading, valuation or research.
Already working with some of the biggest names in the blockchain ecosystem, Kaiko seems set to continue flying the French flag internationally. This announcement should be seen in conjunction with the recent statement by Changpeng Zhao, the CEO of Binance, who spoke of France’s unique position to become a leader in this rapidly expanding industry.
An impulse shared by Anne-Claire Maurice, the CEO of Kesitys:
“As quantitative specialists, working in the crypto sector is a very interesting challenge. Crypto assets are growing exponentially and the new types of instruments and trading platforms raise many novel questions in quantitative finance that we are eager to answer.”
