Things are working at the Swiss Bitcoin savings plan provider Relai. According to company information, the start-up is recording growth of 300 percent for 2023.
The app is also becoming increasingly popular among BTC investors: Relai has been downloaded a total of 300,000 times in various app stores. Inspired by the positive year on the crypto market, customers are also putting more and more money into Bitcoin: the annual trading volume adds up to 180 million US dollars. This comes from a press release that BTC-ECHO has received.
Of course, the positive numbers do not give Relai any reason to slow down. On the contrary: As the Zurich start-up reports, the company was able to complete another round of financing. Investors include: Bitcoin pioneer Luzius Meisser and Jan Brzezek, founder of Crypto Finance AG. Old friends like Jeff Booth’s VC, Ego Death Capital and Lightning Ventures were also there.
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Relai CEO Julian Liniger is satisfied with the financial injection:
Despite the current downturn in the venture capital market, we are pleased to have secured this smart money financing […] have secured. Your trust in Relai underscores the strength of our product and our team. This interim success motivates us to continue pursuing our mission in the long term and to bring Bitcoin closer to 100 million Europeans.
Upon request, the start-up did not disclose how high the financing round was. The company’s valuation is $30 million.
Relai: When is the Lightning feature coming?
Meanwhile, Relai remains busy. Most recently, BTC-ECHO reported on the integration of the Bitcoin Lightning network into the non-custodial app. We were able to test the feature in advance. It is unclear when German users will be able to use the Lightning feature. Upon request, the company informed us that there would be an update at the end of January.
As a Bitcoin broker, Relai also has its finger on the pulse of the market. As we reported in December 2023, the company is registering massive capital shifts from real estate to BTC. As the company tells BTC-ECHO, “75 percent of OTC volume in Q4 2023 comes from real estate sales.”
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