A Story About SETL

I recently interviewed Peter Randall, CEO of blockchain startup SETL. You can read the article I wrote from the interview here.

One thing I left out of the article — because I couldn’t find a good way to include it in the flow of what I wrote — is Peter’s response when I asked about the company’s funding.

In a press release, the company has said it’s initial funding had been completed but it gave no more details. When I asked Peter whether he had any more he could share he was very firm in saying no. “It’s private” is what he said, in contrast to many other blockchain startups that have been very public about their backers and funding raised.

So we don’t know who SETL’s backers are or how much they invested. I did ask whether any of the backers were also users of the technology or planned to be. Peter responded: “Good question. You can say I politely declined to comment.” Ah ha, so we know something at least!

SETL’s an interesting company with great management and an AAA list of board members who know the financial markets inside out. It also has a product that sounds impressive. So it’s worth checking out. And no, that’s not an endorsement.