OverviewSuggest Edit

SETL is an inititive to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The SETL system maintains a permissioned distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting.

TypePrivate
Founded2015
HQGreater London, GB
Websitesetl.io

Latest Updates

Employees (est.) (Sep 2019)62(-3%)
Revenue (FY, 2017)£471 K(+713%)

SETL Office Locations

SETL has an office in Greater London
Greater London, GB (HQ)
St Martins Court 5 Cheapside
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SETL Financials and Metrics

Summary Metrics

Founding Date

2015

SETL total Funding

$39 m

Time since last funding

3 years ago

SETL investors

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SETL Revenue

SETL's revenue was reported to be £471 k in FY, 2017
GBP

Revenue (FY, 2017)

471.0k

Net income (FY, 2017)

(5.7m)

EBITDA (FY, 2017)

(5.9m)

EBIT (FY, 2017)

(5.9m)

Cash (31-Dec-2017)

5.6m
GBPFY, 2016FY, 2017

Revenue

58.0k471.0k

Operating expense total

1.9m6.4m

EBITDA

(1.8m)(5.9m)

EBITDA margin, %

(3160%)(1243%)
GBPFY, 2016FY, 2017

Cash

3.1m5.6m

Accounts Receivable

33.0k320.0k

Current Assets

4.4m7.6m

PP&E

76.0k302.0k
GBPFY, 2016FY, 2017

Net Income

(1.7m)(5.7m)

Cash From Operating Activities

(1.8m)(5.2m)

Cash From Financing Activities

6.0m7.9m

Net Change in Cash

3.1m2.5m
GBPY, 2017

Revenue/Employee

24.2k

Financial Leverage

1.1 x
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SETL Online and Social Media Presence

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SETL News and Updates

Blockchain Firm SETL Sidesteps Insolvency to Return as Leaner New Entity

Blockchain infrastructure firm SETL, which filed for insolvency in March, is back as a new entity formed by its management team.

SETL emerges from administration

Distressed blockchain settlement startup SETL has emerged from administration after its management b...

GNU SETL

Comments

SETL files for bankruptcy

Blockchain settlement startup SETL has filed for bankruptcy, appointing administrators to oversee th...

Blockchain Settlement Startup SETL Has Filed for Bankruptcy

Blockchain infrastructure provider SETL has filed for bankruptcy in the U.K., CoinDesk has learned.

Blockchain Firm SETL Seeks Buyer After Filing for Insolvency

Blockchain infrastructure provider SETL has filed for insolvency in the U.K., saying it's seeking a buyer for its CSD business.
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SETL Frequently Asked Questions

  • When was SETL founded?

    SETL was founded in 2015.

  • How many employees does SETL have?

    SETL has 62 employees.

  • What is SETL revenue?

    Latest SETL annual revenue is £471 k.

  • What is SETL revenue per employee?

    Latest SETL revenue per employee is £7.6 k.

  • Who are SETL competitors?

    Competitors of SETL include BTC China, Coins.ph and Wyre.

  • Where is SETL headquarters?

    SETL headquarters is located at St Martins Court 5 Cheapside, Greater London.

  • Where are SETL offices?

    SETL has an office in Greater London.

  • How many offices does SETL have?

    SETL has 1 office.