Bit2Me, the pioneering startup founded in 2014 and specialized in Blockchain financial technology and cryptocurrencies, receives the investment of one million euros from Inveready, a leading venture capital manager that has financed startups such as MásMóvil and that seeks to invest in projects with a high innovative and technological component.
After six years of hard work and progress, doubling its turnover and generating profits, Bit2Me closes its first round of financing with the international investment fund Inveready. The mission pursued by Bit2Me, a company based in the Valencian Community of Spain, is tofacilitate the access and management of cryptocurrencies to anyone who wants to buy or sell bitcoin and other decentralized digital currencies. According to Leif Ferreira, CEO of the company, “Bit2Me is a complete alternative to a bank, in which cryptocurrencies (such as Bitcoin) and traditional money, such as euros coexist”.
Bit2Me has transacted more than 150 million euros from its platform, a sum which valuation today is over 2,000 million euros for its users. It currently serves more than 100 countries, with more than 100,000 registered clients on its platform and a team of almost 50 employees.
Fintech is going to focus its growth on three main lines, for which this investment will be a great boost: 1) geographic growth, promoting internationalization. 2) with the development of new products that will be added to the 20 solutions available in its Suite and continuing with the improvement of current products. ”With this investment we seek to consolidate our offer in different European markets.” explains Andrei Manuel, co-founder and Director of Operations of the platform, “We are already meeting with investors to close the next round for 2021”. 3) Expanding your budgets in marketing campaigns.
Recently Bit2Me has released a huge update of its service becoming a complete suiteof 20 services used by more than a millionpeople, offering services toindividuals, companies, investors and institutions that want to or already operate with cryptocurrencies.
Bit2Me stands out for its closeness to their clients, offering phone support and guided help to those who want to get started in cryptocurrencies. Its star product is the Wallet, a service that allows you to receive, store and send euros, but also buy, sell, exchange, send and receive cryptocurrencies such as bitcoins and 20 others. All this together with a linked VISA debit card, which will allow the use of cryptocurrencies in the same way that fiat money is used with cards by traditional banks.
The cryptocurrency sector has exhibited exponential growth with a high intensity in the last year,“The financial sector is completely redefining itself. We believethat today’s startups will dominate the financial landscape of the future” indicates Roger Piqué, General Partnerby Inveready. Different studies point in this same direction, 84% of executives are actively involved in blockchain projects according to the “Global Blockchain” survey by PriceWaterhouseCoopers. For its part, the 2020 Financial Innovation Barometer prepared by Funcas and Finnovating; 42% of users would opt for a financial provider other than a traditional bank.
Decentralized digital money, which, among other things, is characterized by its issuance not being controlled by any central entity, raises the curiosity of investors and individuals as an alternative to conventional currencies and as a safe haven in the face of an uncertain panorama in traditional markets.This has happened so much, that companies such as VISA or Paypal have already integrated it into their business model and central banks in multiple countries are studying how to generate their own version of digital currencies.