Swiss Bitcoin Investment App RELAI Closes Over $2.7 Million in Series A Funding Led by Redalpine

Swiss venture capital firm Redalpine led the round, with participation from Polytech Ventures, Fulgur Ventures, and ACE&Company.

Bitcoin Magazine reported on June 16 that Swiss-based bitcoin investment app company Relai announced it raised CHF 2.5 million ($2.778 million) in a Series A round led by Swiss venture capital firm Redalpine, with participation from Polytech Ventures, Fulgur Ventures, and ACE&Company. Relai aims to simplify bitcoin investing in Europe.

According to the press release.

The funding round will be used to build a bitcoin brokerage platform and obtain a financial intermediary license. The new funding will help Relai build a proprietary brokerage platform to efficiently process orders and provide new products for investors looking to buy large amounts of bitcoin.
Launched in July 2020, Relai has been downloaded more than 23,000 times and has more than 10,000 customers. One step.

siad Peter Niederhauser, co-founder and partner of Redalpine, said.

We hope to accelerate the mass adoption of cryptocurrencies by simplifying access to bitcoin. We look forward to participating in this process and supporting this outstanding Swiss startup to achieve global success.

Posted by:CoinYuppie,Reprinted with attribution to:
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