Bitpanda Raises $52M Series A Led by Peter Thiel’s Valar Ventures
With $100 million raised to date, crypto brokerage Bitpanda will be "Europe's next fintech unicorn," says lead investor Valar Ventures.
The investment platform's hefty valuation marks it out as Austria's first unicorn startup.
Users can select any investment in their Bitpanda account to fund payments with the physical Visa card.
The $170 million funding round highlights the explosive growth of crypto as an asset class – and the potential of the European market.
The new hub in Krakov, Poland, will help the company expand and launch new services, execs said.
Raiffeisen's stablecoin project is becoming blockchain-agnostic, adding interoperability tech from Bitpanda and the Technical University of Vienna.