Bitstack, a French start-up specializing in Bitcoin (BTC) savings, has announced that it has raised 2 million euros as part of a second round of financing. This fundraiser will allow the young company to strengthen its team and develop new services to facilitate investment in Bitcoin, such as a virtual IBAN and a Bitstack debit card allowing you to pay in euros or in BTC at all traders.
Bitstack raises 2 million euros and enriches its catalog
About a year after raising €1 million in its first round of funding, the French start-up Bitstack has this time a contribution of 2 million euros in order to continue his mission, namely to democratize savings in Bitcoin (BTC).
Bitcoin savings made easy
Just like the first, this funding round was led by the Founders Future fund and has brought together many participants such as Y Combinator, Kima Ventures, Goodwater Capital, FoundersX Ventures, Soma Capital as well as Lightning Ventures.
The founders of Bitstack. On the left, Alexandre Roubaud. On the right, Kabir Sethi.
A fundraiser that materializes the success of Bitcoin savings embodied by Bitstack, with most households looking more than ever to diversify their investments and find a way to circumvent inflation. Effectively, as Alexandre Roubaud, CEO of Bistack points outthe statistics observed show a growing adoption by the French:
“50% of Bitstack users are first-time Bitcoin buyers, which reveals an adoption of Bitcoin by the French. 94% of them want to keep their Bitcoins for more than 3 years and 29% for more than 10 years, thus reflecting a long-term conviction. »
Thus, since the beginning of the year and while confidence in the banking system has never been so questioned, Bitstack has recorded a record volume of new savers. and sees its number of active users increase by more than 20% per month.
👉 Discover Bitstack, Bitcoin (BTC) savings in a simple and fun way
A panel of new services
Launched on the App Store and Google Play in July 2022, the Bitstack application allows you to save in Bitcoin in a simple, fun and above all painless way. This is possible thanks to the mechanism of rounding expenses up to the next euro, which allows you to invest regularly in BTC without even thinking about it.
For example, a coffee purchased for €2.60 is rounded up to €3.00 and the €0.40 difference is automatically invested in Bitcoin. This method thus allows exposure to the king of cryptocurrencies via the Dollar Cost Averaging strategy. (DCA), which has already been proven to smooth the volatility of BTC over the long term.
In addition, Bistack allows you to buy Bitcoin directly from its mobile application and to set up a personalized recurring savings plan.
This fundraising will thus allow Bistack to continue to work in this direction, on the one hand by strengthening its teams, but also by deploying new services. Thus, Bitstack users will now have a virtual IBAN allowing them to deposit their salary there and automate their investment in Bitcoin. Moreover, still through its application, Bitstack will also allow sending or receiving BTC between friends.
But the major news, it’s the arrival of a Bitstack debit card for the end of 2023 allowing everyone to pay either in euros or in BTC, and this at all merchants. From today, you can register on the pre-registration list so, perhaps, to benefit from this totally free card.
A further step towards the democratization of Bitcoin, as Alexandre Roubaud points out:
“Our ambition is to give the French a new way of managing their money. At Bitstack, we believe that finance can be different, more accessible, more transparent and fairer thanks to Bitcoin. With the launch of our new financial services and our debit card, we continue our mission to democratize bitcoin to create a more open financial system. »
👉 Check out our video interview with Alexandre Roubaud, CEO of Bitstack
Bitcoin savings made easy
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make the blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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