{"id":32559,"date":"2020-11-30T12:35:16","date_gmt":"2020-11-30T10:35:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32559"},"modified":"2025-08-28T09:17:06","modified_gmt":"2025-08-28T06:17:06","slug":"bitwala-raises-e15-million-in-funding","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitwala-raises-e15-million-in-funding\/","title":{"rendered":"Bitwala raises \u20ac15 million in funding"},"content":{"rendered":"<p>The bitcoin-banking platform Bitwala has closed a \u20ac15 million funding round, according to Gr\u00fcnderszene.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"de\">Exclusive: 15 million euros for Berlin-based crypto bank Bitwala <a href=\"https:\/\/t.co\/nYugNVkXvZ\">https:\/\/t.co\/nYugNVkXvZ<\/a> <a href=\"https:\/\/t.co\/MG0cgagUxC\">pic.twitter.com\/MG0cgagUxC<\/a><\/p>\n<p>\u2014 Gr\u00fcnderszene (@gruenderszene) <a href=\"https:\/\/twitter.com\/gruenderszene\/status\/1332552136459214848?ref_src=twsrc%5Etfw\">November 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funding round was led by German venture firm Earlybird, with Coparion and Global Brain also participating.<\/p>\n<p>The raised funds will be used to increase the user base and launch new products. One of them will be a service for regular cryptocurrency purchases, the company&#8217;s product manager Kristina Walcker-Mayer said.<\/p>\n<p>The Berlin-based startup counts 150,000 clients who reside in 32 countries and own bitcoins worth a total of \u20ac60 million.<\/p>\n<p>Founded in 2015, Bitwala began as a platform for exchanging cryptocurrencies. In 2018 the company reoriented its business, launching a service offering a single bank account with Bitcoin and fiat support. In September 2019 its functions were expanded with the integration of a wallet for digital currency, whose private keys are controlled by the users themselves.<\/p>\n<p>For details on the challenges the company faced in building the new platform and how it differs from other fintech apps, read the exclusive interview with Bitwala CTO Ben Jones in ForkLog magazine.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"8nZ4u7uupI\">\n<p>Bitwala CTO explains when Bitcoin-enabled banking will be available in Russia and Ukraine<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cCTO Bitwala \u0440\u0430\u0441\u0441\u043a\u0430\u0437\u0430\u043b, \u043a\u043e\u0433\u0434\u0430 \u0431\u0430\u043d\u043a\u0438\u043d\u0433 \u0441 \u043f\u043e\u0434\u0434\u0435\u0440\u0436\u043a\u043e\u0439 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0441\u0442\u0430\u043d\u0435\u0442 \u0434\u043e\u0441\u0442\u0443\u043f\u0435\u043d \u0432 \u0420\u043e\u0441\u0441\u0438\u0438 \u0438 \u0423\u043a\u0440\u0430\u0438\u043d\u0435\u201d \u2014 ForkLog\" src=\"https:\/\/forklog.com\/exclusive\/cto-bitwala-rasskazal-kogda-banking-s-podderzhkoj-bitkoina-stanet-dostupen-v-rossii-i-ukraine\/embed#?secret=0zB3Jp3Rjq#?secret=8nZ4u7uupI\" data-secret=\"8nZ4u7uupI\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>In 2019, Sony&#8217;s venture arm led a \u20ac13 million Series A round for Bitwala.<\/p>\n<p>Follow ForkLog on Twitter!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bitcoin-banking platform Bitwala has closed a \u20ac15 million funding round, according to Gr\u00fcnderszene.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[998,1133],"class_list":["post-32559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitwala","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32559"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32559\/revisions"}],"predecessor-version":[{"id":32560,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32559\/revisions\/32560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}