Bitcoin app closes 4.5 million round of funding

As BTC-ECHO exclusively learned in advance, Swiss bitcoin broker Relai has closed a $4.5 million funding round. The investment round was led by Ego Death Capital, according to a press release. Other investors include Timechain, Cabrit Capital and Lightning Ventures, while Redalpine and Fulgur Ventures reinvested, it said. Ego Death co-founder Andi Pitt will join the Relai board as a result of the funding round. According to Relai, the capital should primarily be used to strengthen the company’s position on the European market.

“The current bear market is the perfect time to focus on what matters most: building a great product, providing a seamless user experience, and educating people about Bitcoin as the best savings technology ever invented,” says Relai- Co-founder and CEO Julian Liniger quoted in the press release.

Relai: These are the future plans of the bitcoin broker

The press release goes on to say that the startup plans to “soon offer zero-fee bitcoin trading, integrate Bitcoin Lightning functionalities, and launch a white-label offering that will allow other fintechs to offer fiat-to-bitcoin trading ”. In addition, the company recently expanded its service “to appeal to small and medium-sized businesses (SMEs) who can add Bitcoin to their balance sheets with the launch of Relai Business.”

In our review area of ​​the best crypto exchanges and brokers, Relai is currently able to assert itself against large parts of the competition and currently receives 4.7 out of 5 possible stars from BTC-ECHO readers with 54 ratings. Stop by if you want to leave a review – until March 31st you can secure a guaranteed prize for participating in the BTC-ECHO Community Award!