Bitstack reaches a new milestone with a fundraising of 5 million euros. Already the leader in France, the Bitcoin savings application aims to reinvent banking services thanks to innovative features. Find out how Bitstack plans to transform the way French people save and invest.
Bitstack raises 5 million euros to expand into the Bitcoin market
Today, Bitstack, an innovative solution for saving and investing in Bitcoin, announced that it had raised 5 million euros.
This fundraising was led by Stillmark with the participation of Serena, Plug and Play, Y Combinator, Founders Future and STATION F.
A capital contribution which comes 1 and a half years after Bitstack's last fundraising, which took place in April 2023. At the time, the French company had raised 2 million euros thanks to the participation of different funds investment.
👉 Send Bitcoin by SMS or email with Bitstack
Although Bitstack is already the most popular mobile Bitcoin savings application in France, its ambitions go well beyond the French market. Indeed, this significant fundraising illustrates Bitstack’s desire to reinvent the bank of tomorrow.
The funds raised will be used to recruit new talents to support the company's strong growth, while intensifying acquisition efforts to expand its user base and consolidate its position in the market.
Download Bitstack and earn €5 in Bitcoin with code CRYPTOAST5*
* After activating a savings plan and accumulating at least €100 in BTC purchases
The flagship feature of Bitstack that made it successful
The Bitstack app, created in April 2021, did not become popular by chance.
Indeed, the founders of the French company, Alexandre Roubaud and Kabir Sethi, had the idea of integrating into their application a particularly innovative functionality appreciated by Bitstack users: the mechanics of rounding to the euro.
For example, when a Bitstack user activates this feature and buys a coffee for 2.6 euros, the 40 cents difference with the 3 euros is automatically invested in Bitcoin.
A particularly relevant method for gaining exposure to Bitcoin in a painless way, and which seems to have found its audience.
In just 2 years […] we entered the top 10 most downloaded Finance apps, and our turnover more than tripled.
🗞️ Pre-order our newspaper n°5 with exclusive content, including Cryptoast21
Bitstack is moving towards a crypto-friendly banking model
Bitstack's ambitions are significant: the application wants to become “the new favorite (banking) account of millions of French people”.
Indeed, according to the latest ADAN report, 12% of French people already own cryptocurrencies and 22% want to conquer them. In short, a strong adoption potential.
To achieve its vision, Bitstack will launch an innovative feature at the beginning of 2025.
Bitstack will allow its users to receive part or all of their salary in Bitcoin. Bitstack will introduce a euro account with IBAN in order to deposit your euros on the application, and automatically convert a percentage into Bitcoin, regardless of the employer.
🗞️ Keep reading — 91% of French people have already heard of cryptocurrencies
In addition, this account will be equipped with a Visa debit card, offering the possibility of paying at all merchants, while earning Bitcoin cashback on each spend.
In summary, Bitstack continues to demonstrate its commitment to the adoption of the first cryptocurrency while offering innovative features to its users. By raising 5 million dollars, Bitstack is giving itself the means to achieve its vision: to become the application that democratizes Bitcoin in France.
Download Bitstack and earn €5 in Bitcoin with code CRYPTOAST5*
* After activating a savings plan and accumulating at least €100 in BTC purchases
Source: Press release
The #1 Crypto Newsletter 🍞
Receive a summary of crypto news every day by email 👌
Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Passionate about the blockchain ecosystem, I like to deepen my knowledge and share my discoveries. In a perpetual quest to learn more about cryptos, I recently joined the Cryptoast Research team where I provide weekly fundamental analysis.
Theo Zananiri
106 items
