Januar set to launch crypto payments in Denmark with Tuum as core banking platform

Rick Steves

“This is a very exciting time for us at Tuum, as we are involved in building a truly world-leading solution. Januar noticed a large gap in the market for crypto businesses that was not being filled by traditional institutions”

Janua has partnered with Tuum to serve as the core banking platform to power the pan-Europe goals of the compliant gateway for crypto businesses and institutional investors.

The banking platform will be used to build account and payment solutions for crypto companies, in order for them to receive and send payments like any other business.

Januar is using Tuum’s connector with Banking Circle, giving it the ability to make and receive payments in multiple currencies including EUR & DKK. AML capabilities are also handled through Tuum’s integration partner, HAWK:AI.

Tuum’s flexibility allowed Januar to develop the solutions it needed while retaining full control over the customer journey and build out its own channels.

Januar offers fiat-to-crypto rails as a service

Januar, which is amongst the first payment institutions to offer fiat-to-crypto rails as a service to crypto businesses and institutional investors, acquired a Payment Service Provider license from the Danish Financial Supervisory Authority in 2021.

The purpose: to conduct crypto-related fiat payments. Now, January is about to introduce its first accounts in Denmark ahead of expanding across the European region.

January has recently raised €6 million to fund its development and expansion in what was the largest ever seed round in Danish history.

Ove Kreison, co-founder and CTO at Tuum, said: “This is a very exciting time for us at Tuum, as we are involved in building a truly world-leading solution. Januar noticed a large gap in the market for crypto businesses that was not being filled by traditional institutions and, using Tuum’s powerful core banking capabilities, is now bridging the gap between the traditional financial system and the new digital economy. When we say that Tuum is building the banks of the future; this is exactly what we mean.”

Jens Warnez, Head of Product at Januar, commented: “To capitalise on first-mover advantage, we needed a platform and partner that would enable us to move at pace. Tuum has proven to be incredibly receptive to our objectives, and they have maintained open and transparent lines of communication which means that our queries have always been quickly addressed. This degree of approachability was a key differentiator in our decision to select Tuum as our core banking platform provider.”

Read this next

Retail FX

Axi extends partnership deal with Manchester City

FX broker Axi, previously known as AxiTrader, has renewed its flagship sponsorship deal with soccer giant Manchester City.

Digital Assets

Russia delays digital ruble pilot to May

Russia has postponed its central bank digital currency (CBDC) pilot indefinitely, which was originally scheduled for April 1, as it awaits specific legislation to be voted before the “crypto ruble” trial.

Executive Moves

Scope Markets promotes James Hughes to head of marketing

Belize-based FX and CFDs brokerage Scope Markets has promoted James Hughes, who until recently was its head of brand, to take on an expanded role as the company’s global head of marketing.

Retail FX

Fraudsters clone Financial Commission’s website, two ex-members under suspicion

The Financial Commission, an industry-specific dispute resolution service that caters to the financial services industry, today announced that it believes a clone website has been impersonating its membership roster.

Retail FX

CMC Markets warns of operational challenges in Q1

CMC Markets PLC (LSE:CMCX) said in a trading update for the fiscal year 2023 that February and March posed a more challenging environment with lower equity volumes and a higher proportion of lower margin institutional trading activity.


Why Is Digital PR So Important for Financial Service Providers? Buzz Dealer’s CEO Uri Samet with the Answers

Digital PR is all about spreading your message faster, wider, and stronger in the online world, through proper SEO, link-building, and organic and paid social media work.

Inside View

Why And How Are Virtual Cards Disrupting The Finance Industry

Virtual cards have the potential to revolutionize the finance industry by providing faster and more secure payments, wider acceptance, and eco-friendliness.


Sweat Economy’s Oleg Fomenko on upcoming launch of Move-to-Earn app in the US

With the crypto winter’s biggest hurdles seemingly behind us as the prices of Bitcoin et al. climb the charts again, the Web3 economy is preparing for the next phase.

Industry News

OptionMetrics acquires Woodseer to add dividend forecast data for equities

“The addition of Woodseer’s product suite will enhance our ability to serve financial market stakeholders and academic institutions in their analysis of equity market performance and risk.”