21bitcoin closes €2.1 million funding round to build Europe’s leading Bitcoin financial platform

FIOR Digital GmbH, the company behind 21bitcoin, one of Europe’s leading Bitcoin platforms, today announced the signing of a €2.1 million financing round. The financing is provided by Volksbank Raiffeisenbank Bayern Mitte eG.

21bitcoin has revolutionized the way Europeans interact with Bitcoin by launching a smart, simple Bitcoin platform. The new investment comes during 21bitcoin’s largest period of growth to date in its three years of existence. 21bitcoin experienced extreme growth over the last 12 months (+2,832% revenue) as Europeans became increasingly interested in saving and investing in Bitcoin. The company launched the 21bitcoin platform in April 2022, allowing users to securely buy, sell and hold Bitcoin using a simple mobile app. The company is already profitable, showing that despite the generally difficult market environment investors are looking for a reputable and reliable way to invest in Bitcoin for the long term.

21bitcoin also offers automated investing, saving and sending Bitcoin, making it one of the most user-friendly platforms in Europe.

The company will use the new capital to further expand its market position, expand its product range and expand its team. In addition, the Financial market supervision Austria regulated company claims to aim to become the first Bitcoin company with the European MiCAR license. Among other things, MiCAR harmonizes the regulatory framework for offering and promoting services in the field of cryptocurrencies and will apply throughout the European Union from the end of 2024, meaning uniform access to the EU market of 447 million people.

“The financial services industry is in the midst of a monumental change, and our continued growth and the participation of an established bank as a lead investor proves that 21bitcoin is at the forefront of this change in Europe” said Daniel Winklhammer, co-founder and CEO of 21bitcoin. “Thousands of customers use 21bitcoin to diversify their portfolio into Bitcoin, tell their friends about Bitcoin, and improve their overall financial lives. This investment will drive our growth so that we can reach and ensure tens of thousands more people that everyone has easy and, above all, secure access to Bitcoin, regardless of who they are or where they are.“

“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.“