Fior Digital GmbH, the Salzburg, Austria-based company behind bitcoin platform 21bitcoin, raised €2.1M in funding.
The round was led by Volksbank Raiffeisenbank Bayern Mitte eG.
The company intends to use the funds to further expand its market position, its product range, and its team.
Co-founded by Dominik Seibold, CTO, and Daniel Winklhammer, CEO, 21bitcoin allows users to securely buy, sell and hold Bitcoin using a mobile app. They also offer automated investing, saving and sending Bitcoin. The company is already profitable with high growth over the last 12 months (+2,832% revenue).
“We are investing in this company because it has the potential to revolutionize the industry and become a lasting market leader” said Andreas Streb, board member and managing director of Volksbank Raiffeisenbank Bayern Mitte. “21bitcoin has succeeded in attracting a generation of customers in Europe with a platform for Bitcoin that is significantly different from the incumbents’ offerings – simpler, more humane and with a user experience that gives customers the experience they want.“
“The participation in 21bitcoin is the consistent further development of our Bitcoin strategy and complements our own offering. 21bitcoin has created a compelling range of products for Bitcoin” said Richard Riedmaier, Chairman of the Board of Volksbank Raiffeisenbank Bayern Mitte. “The company has assembled an incredible team that is passionate about to be the first Bitcoin company to receive a MiCAR license. We are excited to be part of their journey.“
Volksbank Raiffeisenbank Bayern Mitte eG is a German cooperative bank with its headquarters in Ingolstadt. It has had its own Bitcoin offering since April 2022 and is the first regional bank in Germany to offer its 175,000 customers Bitcoin-related services. The regional bank works exclusively in Bitcoin.
FinSMEs
06/11/2023