Bitwala, German Crypto Startup Raises 13 Million Euro in Series A

Bitwala, a Berlin-based service provides its users with the facility of crypto banking – buying and selling of bitcoins directly from the bank wallet. Founded in 2015, Bitwala raised a large amount of €13 million Series A funding through a group of international investors. Sony Financial Ventures/Global Brain and NKB Group drove the round.

At present, Bitwala only presents with bank services and a built-in bitcoin wallet in addition to the trading of cryptocurrencies possible by the collaboration with the Solaris bank of Germany.

Bitwala’s co-founder and CTO, Ben Jones acknowledged the group’s success and stated, “I could not be more proud of the team! When we started in 2015, we were three founders and a dog: I never dared to imagine for Bitwala to grow into such a thriving business with so many talented people and thousands of customers across Europe.”

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