Mobile Bitcoin wallet BRD raises $15M for Asian expansion

posted 27 days ago
Mobile cryptocurrency wallet BRD raised $15 million in Series B funding. The funding comes from SBI Crypto Investment, the Japanese financial services company. BRD said the funding will allow it to grow its product and engineering teams, and to expand in Japan and across Asia.

“SBI Group’s investment in BRD allows us to firmly cement ourselves in the Asian market,” said BRD co-founder and CEO Adam Traidman in a statement. “The new investment will ensure our long-term global growth, and we are incredibly excited about collaborating with SBI as a strategic investor and business partner to make that happen.”

BRD says it doubled its total install base in 2018, ending the year with 1.8 million users globally. It also says it’s currently being used to store the equivalent of $6 billion, largely in Bitcoin. BRD has now raised a total of $55 million. It’s also announcing a partnership with Coinify, allowing users to make cryptocurrency purchases using bank accounts in the European market.
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