Bitwala, German Crypto Startup Raises 13 Million Euro in Series A

Bitwala, a Berlin-based service provides its users with the facility of crypto banking – buying and selling of bitcoins directly from the bank wallet. Founded in 2015, Bitwala raised a large amount of €13 million Series A funding through a group of international investors where Sony Financial Ventures/Global Brain and NKB Group drove the round.

At present, Bitwala only presents with bank services and a built-in bitcoin wallet in addition to the trading of cryptocurrencies possible by the collaboration with the Solaris bank of Germany.

Bitwala’s co-founder and CTO, Ben Jones acknowledged the group’s success and stated, “I could not be more proud of the team! When we started in 2015, we were three founders and a dog: I never dared to imagine for Bitwala to grow into such a thriving business with so many talented people and thousands of customers across Europe.”

Jones also told how today, Bitwala offers a road for both mainstream users and blockchain buffs, who want to associate with the emerging blockchain ecosystem. The growing digital economy is expanding globally, and Bitwala has been a significant part of it.

The crypto bank startup possesses customers in all 31 European economic area countries within a few months and is judged to attract new customers.

Saloni Sheelwant
Saloni Sheelwant treasures to research and write about the new startups and technologies thriving at a very fast pace.

Leave a reply

Please enter your comment!
Please enter your name here