German blockchain banking startup Bitwala raises €4 million

Andrii Degeler

Andrii Degeler

Journalist and podcast host based in the Netherlands. Covering all things technology since 2007 for Tech.eu, Engadget, TNW, Ars Technica UK, the Kyiv Post, and more.
andrii@tech.eu

German-founded blockchain banking service Bitwala has raised €4 million in funding from the venture capital firms Earlybird and Coparion.

Bitwala is a crypto-friendly banking startup that offers its clients bitcoin debit cards, operates a bitcoin wallet service, and facilitates money transfers with SEPA and SWIFT by exchanging cryptocurrencies to more than 20 fiat currencies in more than 200 countries.

Currently, the company is working towards launching a new product that it promises to unveil in November.

“I’m very proud that with our new product we will close the gap between crypto and traditional banking and solve one of the biggest hurdles on the road to mainstream adoption,” said Jörg von Minckwitz, president of Bitwala.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.