Berlin-based Bitwala secures €15 million to expand its crypto services

Bitwala tech.eu
Annie Musgrove

Annie Musgrove

annelise@tech.eu

Berlin-based crypto services startup Bitwala has announced another €15 million in funding after closing a €13 million Series A last year. The recent round was led by Earlybird, with participation from Coparion, Global Brain and other investors.

Founded in 2015 and dubbed a “bank for the blockchain economy”, the German company now reports having 150,000 customers across 32 countries and holding around €60 million in digital currencies for its clients. The fresh capital will help continue to grow the client base as well as launch new crypto services, such as a recurring purchase feature.

Earlier this month, Bitwala announced a new partnership with Solaris Digital Assets, a subsidiary of Solarisbank that offers a digital asset custody solution. Through this partnership, the German startup now leverages the full spectrum of the Banking-as-a-Service platform, from digital bank accounts, cards and KYC custody of digital assets.

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