Breadwallet, a Switzerland-based developer of a decentralized iOS wallet, closed a new funding round, bringing its total investment to $7m.
Backer included institutional investors DAS Capital, East Ventures, Globe Advisors, Liberty City Ventures, Maffin Inc., OKWAVE, and Saison Ventures, family offices, individual investors and other venture funds.
The company intends to use the funds to expand its platform with upgrades and new features, offering a much improved user experience, to drive customer acquisition in the Android sector, and increase business development and marketing efforts to increase brand awareness and market share across the globe.
Established in 2015 and led by Adam Traidman, CEO, breadwallet provides wallet to store send and receive money anytime, anywhere, with complete financial privacy with no sign-ups, logins, or personal information required. The company currently operates in over 150 countries with roughly one-third of customers based in North America.