Bitwala raises investment from Blockchain Founders Fund

The instant trading app with only a 1% transaction fee drives mainstream crypto adoption across Europe with hotspots in the Netherlands, France, and the Baltics. The strategic investment opens Bitwala’s low-fee trading and debit card service to global partnerships.

“Bitwala’s resurgence is bolstered by our fundamental strength: the buying and selling of Bitcoin and its seamless integration with the banking world. The core of Bitwala has always been centred around cryptocurrency transactions, particularly Bitcoin," states Jan Goslicki, co-founder of Bitwala. "Our customers are keen on straightforward options to buy, sell, and utilise BTC and ETH.”

+150,000 active Apps still installed

Bitwala, named after the Hawala value transfer system, suffered an insolvency in the aftermath of the Celsius meltdown in summer 2022. It was then known as Nuri, boasting a track record of +$3 Billion in transactions and 200,000 active customers. CEO Dennis Daiber and Goslicki took over the IP of Nuri banking’s business together with UK-based Claret Capital and several angel investors. After a relaunch in September 2023, Bitwala was able to rekindle profitable growth and positive brand awareness in 29 European countries.
Freedom of Transaction

“As partners with Bitwala, we are excited about the potential this strategic investment brings to the forefront of crypto banking," said Aly Madhavji at The Blockchain Founders Fund. "Bitwala's vision aligns perfectly with our commitment to making blockchain more mainstream and accessible.”
“All of us at Bitwala are grateful for Blockchain Founder Fund’s strategic support and investment. Bitcoin is a vehicle for personal financial freedom. We strive to onboard Europe into a world of Freedom of Transaction", said Dennis Daiber, CEO of Bitwala. While self-custody and crypto transactions are already being used globally, the funding and alliance with Blockchain Founders Fund helps Bitwala expand further on- and off-ramps in Europe."