Paris-based Bitstack expands its Bitcoin savings suite with fresh €12.9 million funding round
Paris-based Bitcoin savings application Bitstack has secured a €12.9 million ($15 million) Series A funding round, marking a significant investment in Europe's growing crypto market. This fresh capital injection will fuel Bitstack's expansion across Europe and enhance its product offerings, including a euro account with a French IBAN and a VISA debit card with Bitcoin "stackback" rewards. The company aims to solidify its position as a leader in Bitcoin savings within the European market. The funding round was led by 13books Capital, with participation from existing investors like AG2R LA MONDIALE and Y Combinator. Bitstack's platform has experienced substantial growth, with over 300,000 active users saving more than €300 million in Bitcoin. The company's revenue has also increased tenfold over the past two years, demonstrating the rising interest in Bitcoin within France and beyond. Bitstack has obtained a MiCA license from the AMF. This investment reflects a broader trend of capital flowing into both retail-oriented Bitcoin savings apps and institutional-grade crypto infrastructure across Europe. This includes recent funding rounds for other digital asset startups like BitDCA and Tangany. The Bitstack application allows users to automatically round up purchases to the nearest euro, with the difference saved in Bitcoin. With rising inflation in the euro area, the demand for alternative investment options such as Bitcoin is increasing. Bitstack's expansion and product enhancements position it to meet this growing demand and capitalize on the evolving regulatory landscape, making Bitcoin savings more accessible across Europe.
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