Digital investment platform Bitpanda has raised $52mn in its Series A funding round.
In Brief:
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This was led by Valar Ventures and also included Speedinvest.
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It marks the largest Series A funding round in 2020.
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Bitpanda has over 1.3mn users so far.
What does this mean?
Bitpanda says the funding will allow it to enter new European markets and continue to rapidly scale its team. It aims to become “a leader in transforming Europe’s financial industry” - and is currently doubling revenue annually.
