FIOR Digital GmbH, the company behind 21bitcoinsone of Europe’s leading bitcoin platforms, has announced that it has secured a €2.1 million funding round, provided by Volksbank Raiffeisenbank Bayern Mitte eG, one of Germany’s most established banks, according to a press release. submitted to bitcoin Magazine.
“We invested in this company because it has the potential to revolutionize the sector and become a lasting market leader,” said Andreas Streb, member of the board of directors and CEO of Volksbank Raiffeisenbank Bayern Mitte. “21bitcoin has managed to attract a generation of customers in Europe with a platform for bitcoin that is significantly different from the traditional offerings: simpler, more human and with a user experience that gives customers the experience they want.”
The additional capital injection will be aimed at expanding market presence, diversifying product range and growing its team. In particular, 21bitcoin aims to become the first bitcoin company with the European MiCAR license. MiCAR will standardize the regulatory framework for cryptocurrency services across the European Union, providing uniform access to a market of 447 million people from the end of 2024.
“Participating in 21bitcoin is a constant development of our bitcoin strategy and complements our own offering. 21bitcoin has created an attractive product range for bitcoin,” said Richard Riedmaier, Chairman of the Board of Directors of Volksbank Raiffeisenbank Bayern Mitte. “The company has assembled an incredible team that is passionate about being the first bitcoin company to receive a MiCAR license. “We are excited to be a part of their journey.”
According to the statement, 21bitcoin is currently experiencing its most significant period of growth since its inception three years ago. Over the past 12 months, the company has witnessed a 2,832% increase in revenue, reflecting Europeans’ growing interest in bitcoin as a savings and investment vehicle.
“The financial services industry is in the midst of monumental change, and our continued growth and the involvement of an established bank as a leading investor demonstrates that 21bitcoin is at the forefront of this change in Europe,” said the co-founder and CEO of 21bitcoin, Daniel Winklhammer. “Thousands of customers use 21bitcoin to diversify their bitcoin portfolio, tell their friends about bitcoin, and improve their overall financial life. “This investment will fuel our growth so we can reach out and ensure that tens of thousands more people have easy and, above all, secure access to bitcoin, regardless of who they are or where they are.”
