Bitwala brings home series A funding

Aug 2, 2019 • Jack Hammond

The blockchain banking platform developer secured $14.3m in a round co-led by Sony Financial Ventures and NKB Group, and will use the cash to expand its team.

Sony Financial Ventures, a fund managed by consumer electronics producer Sony and venture capital firm Global Brain, co-led a €13m ($14.3m) series A round for Germany-based cryptocurrency banking platform Bitwala on Wednesday.

The round was co-led by blockchain-focused investment bank NKB Group and also featured VC firm Earlybird Venture Capital and VC fund Coparion.

Bitwala has developed a blockchain-powered banking platform that allows users to trade, store and spend bitcoin directly through one account.

The company provides a built-in bitcoin…

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