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Anna Irrera
Edouard Daunizeau’s crypto company SavingBlocks has an office in East London’s technology hub and more than 200 customers testing its services. But getting a bank account for his year-old startup has proved an almost insurmountable challenge.
SavingBlocks, which offers a suite of digital-asset portfolios for passive investors, applied with nine different banking service providers for a corporate account and was turned down by seven of them. In the past few months, the two that did take it on began peppering Daunizeau with requests for additional documentation, such as describing in detail the processes he uses to screen clients’ transactions.
