Fiat-to-Crypto Gateway BTC Direct Raises Almost $13M in Series A Funding

BTC Direct said it plans to use the funds to expand its workforce and develop new products, among other things.

Oct 19, 2020 at 3:25 p.m. UTC
Updated Sep 14, 2021 at 10:11 a.m. UTC

Netherlands-based fiat-to-crypto gateway BTC Direct has raised a little under $13 million in a series A funding round led by undisclosed investors. 

  • Announced on Monday, BTC Direct said this was the first significant injection of funds into the platform, which so far has largely been funded by its founders. Started in 2013, the firm also runs a crypto-trading app, Blox, in addition to its fiat-crypto ramp.
  • According to its emailed statement, BTC Direct will use the fresh funds to expand its workforce, develop new products and broaden its marketing efforts. 
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
A16z Leads $15M Round for P2E Studio Azra Games

The blockchain gaming company is preparing to launch a fantasy collectibles and mass combat roleplaying game.

The blockchain gaming company is preparing to launch a fantasy collectibles and mass combat roleplaying game.

2
Curve Finance Proposes to End CRV Token Emissions on All UST Pools

On-chain participants are already voting “yes” to end CRV emissions from any liquidity pools involving UST.

On-chain participants are already voting “yes” to end CRV emissions from any liquidity pools involving UST.

3
Terra Backers Delphi Digital and Hashed Lick Their Wounds After UST and Luna Collapse

Delphi says Terra-affiliated tokens accounted for 13% of its assets under management at their peak, while Hashed appears to have lost over $3.5 billion.

Delphi says Terra-affiliated tokens accounted for 13% of its assets under management at their peak, while Hashed appears to have lost over $3.5 billion.

4
BofA Says Crypto Winter, Contagion Risk Concerns Are Overdone

The collapse of the Terra network was due to prioritization of mass adoption over price stability, the bank said.

The collapse of the Terra network was due to prioritization of mass adoption over price stability, the bank said.