Bitpanda Completed Round C
Bitpanda, a cryptocurrency trading platform, has completed $263 million in Series C funding, with a valuation of $4.1 billion.
Valar Ventures was the main investor, LeadBlock Partners, Jump Capital and REDO Ventures also took part in the investments.
In an interview, CEO Eric Demuth stated that the funds will be used for active expansion and that they plan to double their investments in the European part and enter new markets such as Italy, France, Spain, etc.
Bitpanda will also use funds to promote its product called the Bitpanda White Label. This product will allow banking structures and financial companies to use their technological capabilities to provide cryptocurrencies and other transactional services.
Earlier it was reported that in March this year, Bitpanda completed its Series B funding, which raised an investment of $170 million and as part of the expanded funding for Round B, Bitpanda raised an additional 10 million euros.
Bitpanda, founded in 2014 in Vienna, Austria, aimed at making investments accessible to everyone by creating affordable and easy-to-use financial products.
The presence of the PSD2 service provider license, security and optimized user interface make Bitpanda attractive for novice and experienced investors. Allowing you to trade, invest in stocks, metals, cryptocurrencies and other products. 7 years later, Bitpanda is one of the fastest growing fintech companies in Europe, with 3 million users.
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