PANews reported on April 27 that according to CrowdfundInsider, London-based financial technology company WineFi announced the completion of a £1.5 million (approximately $2 million) seed round of financing, led by British boutique wine group Coterie Holdings, with participation from SFC Capital, Founders Capital and an angel investment consortium. The new capital will accelerate product development, including enhanced valuation models and real-time market data feeds.

According to reports, the company was co-founded by former Fidelity International and JPMorgan Chase asset managers Oliver Thorpe and Callum Woodcock, and is committed to providing high-net-worth clients with structured high-quality wine investment channels. In order to improve liquidity and transparency, WineFi has taken a strategic move to cooperate with digital asset provider Lympid to segment high-quality wine assets on the blockchain platform.