The world’s first smart crypto-wallet, designed in Soho, London, has secured $12m (£9.2m) in funding and launched to the public. Argent is available for download to people looking for simpler, more secure ways of accessing cryptocurrencies and decentralised apps.


 Share via LinkedIn  Share via Twitter  Share via Facebook  Share via email

Read time: 2 mins      Added: 22/06/2021

The London-based business began banking with Lloyds Bank Commercial Banking to help its first significant round of venture capital financing (Series A) investors to transfer their investments safely and quickly, as part of the recent fundraising.

Argent helps people to manage and protect their digital assets and identities using a number of innovative blockchain-based security features, including a guardian system via which users can appoint a trusted second person to verify transactions. The company behind the fintech business is based in Soho but has a remote team that works internationally. With a current headcount of 17, including its three founders, the funding will drive the company’s growth in the years ahead.

Itamar LeSuisse, CEO and co-founder of Argent, said: “We’ve built the first smart crypto wallet with the simplicity and security of the best new bank apps, yet we never hold users’ assets. It takes the complexity out of cryptocurrency and is driven by our dedication to user experience.

“Securing funding as a start-up that works in cryptocurrency meant we needed to find a banking partner that understood our unique needs. Lloyds Bank provided this, and the move helped us with a smooth fundraising process that in turn helped fuel our public launch and secure backing from some of the world’s best venture capital groups including the backers of Spotify and Slack. It’s a crucial step in our mission to give people more control over their digital lives.”

Ben Maynard, Relationship Manager at Lloyds Bank Commercial Banking, said: “Fintech is a real powerhouse sector for our regional economy and businesses like Argent are flying the flag for London in developing new first-class technology that can benefit millions of people. We’re proud to stand by the side of these disrupters in helping Britain prosper.” 

You may also be interested in:

Supporting UK Technology

Our Relationship Managers will work with you to create a banking package tailored to the specific needs of your practice.

Read more about Technology expertise

Payment API Solutions

Accept payments, send payments and manage your business in a cost effective and efficient manner using our APIs.

Find out more about Payment APIs

Business Loans

We can help support you with expanding your practice, professional indemnity insurance or taking on new partners. 

Explore our range of Business loans

Important legal information

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc, Lloyds Bank Corporate Markets plc and Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH.

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.

While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.