Bitcoin banking platform Coinals has closed a € 15 million funding round.
German venture capital firm Earlybird led the investment round with Coparion and Global Brain also participating.
The funds raised at Coinals will be used to increase the number of users and release new products. One of them will be the service of regular buying of cryptocurrency, said the company’s product manager.
Founded in 2015, Coinals started out as a platform for exchanging cryptocurrencies. In 2018, the company reformed its business by launching a service that offers a single bank account with Bitcoin and Fiat support.
In September 2019, its functions were expanded by integrating a digital currency wallet, the private keys to which are controlled by the users themselves. Recall that in 2019 the venture division of the Japanese corporation Sony led a round of funding for Series A for € 13 million of the Coinals platform