Bitwala Raises € 13 Million in Series A Funding Round

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Berlin startup Bitwala, cryptocurrencybanking service, has raised €13 million in a Series A funding round. The company intends to use these funds to attract new customers.

Leading participants in the round were Sony Financial Ventures, NKB Group, Earlybird and Coparion.

Founded in 2015 by Jan Goslitsky, Benjamin Jones and Jörg von Minkwitz, Bitwala offers a platform that combines a regular bank account, Bitcoin wallet and
trade.Customers can buy and sell BTC both online and via mobile devices &#8211; with fast liquidity directly from your bank account held with SolarisBank, a German partner bank. The commission amount is 1% for each transaction performed.

Clients of the countries of the European Economicspaces can take advantage of the benefits of a bank account in Germany. Euro deposits up to €100,000 are protected by the German deposit guarantee system. Plus, your account comes with a free Mastercard debit card that you can use for contactless payments and free withdrawals at 40 million ATMs and POS's worldwide.