{"id":6923,"date":"2019-08-01T19:05:26","date_gmt":"2019-08-01T16:05:26","guid":{"rendered":"https:\/\/forklog.media\/?p=6923"},"modified":"2019-08-01T19:05:26","modified_gmt":"2019-08-01T16:05:26","slug":"german-crypto-banking-firm-bitwala-raises-e13-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/german-crypto-banking-firm-bitwala-raises-e13-million\/","title":{"rendered":"German Crypto Banking Firm Bitwala Raises \u20ac13 Million"},"content":{"rendered":"<p>Berlin-based Bitcoin bank Bitwala announced that it has raised \u20ac13 million (around $14.5 million) in a Series A funding round led by Sony Financial Ventures and NKB Group. Existing investors Earlybird and Coparion contributed half of the funding.<!--more--><\/p>\n<p>As per the announcement, the funds will be used to expand the company\u2019s customer base, add new staff and launch Bitcoin accounts for businesses.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"de\">Es ist offiziell. ?<\/p>\n<p>Wir freuen uns, unsere Series-A \u00fcber 13 Mio.\u20ac bekannt zu geben. ? Die ganze Geschichte zu unserer Finanzierung findet ihr hier: <a href=\"https:\/\/t.co\/fuz6IU7PO1\">https:\/\/t.co\/fuz6IU7PO1<\/a> <a href=\"https:\/\/t.co\/mtujkYV2vq\">pic.twitter.com\/mtujkYV2vq<\/a><\/p>\n<p>\u2014 Bitwala (@bitwala) <a href=\"https:\/\/twitter.com\/bitwala\/status\/1156523361217994752?ref_src=twsrc%5Etfw\">July 31, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Founded by Jan Goslicki, Benjamin Jones and J\u00f6rg von Minckwitz in 2015, Bitwala is currently the only European platform that combines a regular bank account with a Bitcoin wallet and trading options. Customers can easily buy and sell Bitcoin, online or on mobile, with fast liquidity directly from their bank account, hosted by solarisBank.<\/p>\n<p>Bitwala\u2019s co-founder and CTO, Ben Jones, said in a statement:<\/p>\n<blockquote><p><strong>\u201cToday, we are offering a bridge for both mainstream users and blockchain buffs, who want to interact with the emerging blockchain ecosystem \u2013 the growing digital economy spreading across the globe. While there is still huge upside potential, it has already been a humbling experience to see the ecosystem grow and for Bitwala to play such an important part in that.\u201d<\/strong><\/p><\/blockquote>\n<p>Bitwala claims to have clients in all the 31 member countries of the European Economic Area and to be the only bank providing a free account with integrated Bitcoin wallet and trading functionalities. The firm also states that deposits are insured up to \u20ac100,000 and that Bitcoin is held in multi-signature wallets to prevent having a single point of failure vulnerable to hackers.<\/p>\n<p>Bitwala announced the SolarisBank partnership in October 2018, launching the licensed banking service <a href=\"https:\/\/www.bitwala.com\/launch-announcement\/\" target=\"_blank\" rel=\"noopener noreferrer\">later the same year<\/a>. This followed the <a href=\"https:\/\/www.bitwala.com\/announcing-new-e4-million-funding-round\/\" target=\"_blank\" rel=\"noopener noreferrer\">$4.5 million raised in September<\/a> from venture capital firms Earlybird and Coparion<\/p>\n<p>Bitwala raised $4.5 million in September from venture capital firms Earlybird and Coparion to develop its banking services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berlin-based Bitcoin bank Bitwala announced that it has raised \u20ac13 million (around $14.5 million) in a Series A funding round led by Sony Financial Ventures and NKB Group. Existing investors Earlybird and Coparion contributed half of the funding.<\/p>\n","protected":false},"author":1,"featured_media":6530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[998,999,109,705],"class_list":["post-6923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitwala","tag-cryptobank","tag-germany","tag-venture-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"1243","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6923","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=6923"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6923\/revisions"}],"predecessor-version":[{"id":6924,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6923\/revisions\/6924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/6530"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=6923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=6923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=6923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}