September 27, 2020

Bitwala Raises € 13 Million in Series A Funding Round

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Berlin-based Bitwala cryptocurrency startupbanking service, attracted 13 million euros in the framework of a series A financing 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 through mobile devices - with quick liquidity directly from their bank account located in SolarisBank, a German partner bank. The size of the commission is 1% for each transaction.

Clients of the European Economic Areaspaces can take advantage of a bank account in Germany. Deposits in euros up to 100,000 euros are protected by the German deposit guarantee system. In addition, a free Mastercard debit card is attached to your account, which can be used for contactless payments and free withdrawals at 40 million ATMs and POS’s worldwide.