Cryptobank Coinhouse bags €15m Series B

Coinhouse has closed a $15m Series B round as the company becomes Europe’s first ever cryptobank.

Taking part in the funding round were CF Partners, Raise Ventures, XAnge, Expon, ConsenSys AG and Ledger co-founder Eric Larchevêque

Coinhouse has developed an online platform that allows them to invest in over forty different crypto assets. The company claims what differentiates it from other companies is a customer service open to all, multilingual, accessible by email and over the phone. The firm also has a team of account managers and experts dedicated to companies.

According to Coinhouse, the new funding will allow it to diversify its product offering to facilitate access to the crypto markets for all as well as expanding its presence in Europe and strengthening its offering to corporate and institutional investors.

In 2022, the company is looking to accelerate its activity in several European countries, as well as double its workforce and quadruple its revenues generated abroad.

Coinhouse noted this recent fundraising will allow it to strengthen the quality of its customer service and support its growth – particularly with businesses – which are now integrating cryptoassets into their investment strategy and cash placement.

Coinhouse CEO and co-founder Nicolas Louvet said, “Coinhouse wants to position itself as the first European “cryptobank”. Its objective is to make crypto-assets accessible to as many people as possible, within a regulated framework that guarantees investors’ peace of mind. Thanks to this fundraising, Coinhouse will continue to diversify its offer, expand in Europe and strengthen its teams to support its growth and allow European customers, individuals and businesses, to diversify and grow their savings.”

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