THE MIRROR OF MEDIA

Bitpanda valued at $4.1bn after $263m Series C raise


Digital funding platform Bitpanda has raised $263 million in a Collection C funding spherical led by Peter Thiel’s Valar Ventures.

bitpanda

The Austrian agency was based in 2014

The spherical additionally included participation from hedge fund supervisor Alan Howard and REDO Ventures together with current buyers LeadBlock Companions and Leap Capital.

The Vienna-based agency claims the funding takes its valuation as much as $4.1 billion, greater than tripling its earlier valuation of $1.2 billion achieved in March this 12 months following a $170 million Collection B spherical.

It has now raised round $546 million in whole funding since its inception in 2014.

Bitpanda’s platform permits customers to put money into fractional shares, cryptocurrencies and valuable metals.

It at the moment boasts 3 million customers and claims to be on monitor to realize a 7x enhance in revenues in 2021 as in contrast with final 12 months.

The fintech entered the B2B market in June with its White Label providing, permitting fintechs and banks to faucet into its infrastructure to supply buying and selling companies to clients.

Bitpanda says it is going to use the brand new funds to put money into new expertise and expertise because it seems to be to scale and additional its worldwide enlargement.

The Collection C is the newest in a string of funding rounds for digital asset platforms following a $210m Series C for FalconX and a $900 million Series B for FTX Trading in current months.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *