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Setl

Fintech · London, United Kingdom · Founded 2015

Blockchain settlements and payments MoreLess

SETL, founded in 2015, specializes in distributed ledger technology (DLT) tailored for financial services. The company operates in the fintech market, providing a regulated blockchain platform that connects to Real-Time Gross Settlement (RTGS) systems, ensuring settlement finality. SETL's core offerings include a comprehensive framework for cash-like transactions over the internet, leveraging industry-standard BPMN2 workflows to orchestrate blockchain activities. The platform maintains a state of assets as a financial ledger, facilitating secure and efficient transactions.

SETL serves a diverse clientele, including financial institutions, asset managers, and market infrastructure providers. Its flagship product, IZNES, is a fully-fledged fund distribution platform that is interoperable with existing distribution channels, supporting both primary and secondary market activities. Additionally, SETL offers a payments infrastructure backed by Central Bank Digital Currency (CBDC), enhancing the efficiency and security of financial transactions.

The company's business model revolves around providing subscription-based access to its platform and charging transaction fees for the services rendered. This model ensures a steady revenue stream while promoting scalability and adoption among its clients.

SETL has received numerous accolades, including the FinChallenges Award and the Europas Award for Blockchain Crypto, underscoring its innovative contributions to the fintech industry.

Keywords: distributed ledger technology, financial services, blockchain, RTGS, BPMN2 workflows, fund distribution, CBDC, asset management, fintech, secure transactions.

Company overview

Setl company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2015
Headquarters
London, United Kingdom
Employees
12
Open positions
None listed
Dealroom signal
62.6
technologyBlockchainclient focusb2bsub industryPaymentsbusiness modelSaaSindustryFintechsectorCefisectorCrypto PaymentssectorCrypto and Web 3.0 InfrastructuresectorCrypto and Web3sectorHard Techsectoruk is8 financial services

Valuation & funding

Setl funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Jun 2022 $0 Colendi
GRANTOther financing Feb 2022 $370K Undisclosed
GRANTOther financing Jun 2020 Undisclosed
EARLY VCEquity / VC Feb 2018 $0 Citi · Credit Agricole CIB
EARLY VCEquity / VC Dec 2016 $0 Deloitte
SERIES AEquity / VC Jul 2016 Undisclosed
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Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 12
2025 43
2024 43
2023 43
2022 45
2021 40
2020 44
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Growth signals

Setl website traffic

Latest recorded traffic for Setl is 3.4K monthly website visits, up 209.1% over the last three months. Setl's team declined 72.1% over the past year.

Latest monthly visits3.4K 3-month web change+209.1% 1-year team growth-72.1%
Monthly website visits113 observations · Jan 2016–Aug 2025
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Comparisons

Setl compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

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Talent graph

Setl's talent

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Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

4 investors on Setl's cap table

Sourced from Dealroom's funding and investor records.

Series A 3 investors entered at this stage
Deloitte
Citi
Credit Agricole CIB
Other known 1 additional known investor
Colendi

Global footprint

Where Setl has talent and traffic

Workforce by country
2 countries with
team presence
🇬🇧 United Kingdom66.7%
🇺🇸 United States33.3%
2 countries shown

In the news

Latest news about Setl

Recent press, funding announcements, and product moves mentioning Setl — open to read from the original sources.

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Market sentiment

What the market is saying about Setl

An AI-synthesized read of the highest-engagement posts about Setl on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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