Sony co-leads $14.5M fund raise for crypto banking startup Bitwala

posted 3 months ago
Germany-based blockchain finance firm Bitwala raised $14.5 million in funding. Claiming it as the biggest equity round for a German blockchain startup, Bitwala said Sony Financial Ventures and NKB Group led the raise. The funds will go toward launching Bitcoin accounts for businesses.

Bitwala offers a crypto banking service with a built-in Bitcoin wallet, debit card and trading options. It allows customers to trade Bitcoin directly out of a current account, thanks to services offered by solarisBank. Bitwala’s co-founder and CTO, Ben Jones, said “Today, we are offering a bridge for both mainstream users and blockchain buffs, who want to interact with the emerging blockchain ecosystem – the growing digital economy spreading across the globe.”
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