Blockchain-based bank account Bitwala has reportedly secured €13m in its Series A round, which was led by Earlybird Capital.
The investment was also supported by Coparion and Global Bain, according to a report from Finance Magazine.
This capital infusion will enable Bitwala to onboard more customers and release new features for its platform.
Based in Germany, the FinTech offers a blockchain-based bank account, which combines traditional money and cryptocurrencies in a single platform. Users receive a German banking account, so they can access SEPA debit and credit transactions, recurring payments and a debit card.
Users can also invest directly into cryptocurrencies through the app, with trading fees at 1%.
Bitwala previously raised €4m in funding in 2018, from Earlybird and Coparion.
Last year, the FinTech released a cryptocurrency tax reporting tool, which enables them to easily attach statements on cryptocurrencies on their tax reports.
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