Coin house, the French pioneer in investing in cryptocurrencies, completed in 2021 a series of financing round of EUR 15 million in series B led by the investment fund Real global ventures. Among investors: CF partners, Xange, Raise ventures, Expon, ConsenSys AGor leading business angels such as Eric Larchevêque complete this round table. This fundraising will help accelerate the large-scale development of Coinhouse’s services to individuals and businesses in Europe, particularly in Luxembourg.
By becoming independent of the Ledger company in 2017, Coinhouse is positioned as the first support platform for individuals and companies, allowing them to simply invest in more than forty cryptocurrencies.
In addition to its online platform and new mobile application, fintech stands out by offering a transparent service offering tailored to everyone:
- A customer service open to all, multilingual, available via e-mail and telephone,
- The first Crypto Private Banking service,
- A team of account managers and experts dedicated to companies,
- A deposit offer for institutional investors.
Almost three years after a series A fundraising of 2.4 million euros, fintech therefore continues its strong growth with the number of employees multiplied by 3 and a turnover multiplied by 12 in 3 years. This development is fully in line with the growing use of cryptocurrencies by French savers, in search of diversification solutions in the context of rising inflation and near-zero-investment investments offered by traditional players.
Coinhouse wants to position itself as the first European “cryptobank”. Its goal is to make cryptocurrencies accessible to as many people as possible and within a regulated framework that guarantees investor safety. Thanks to this fundraising, Coinhouse will continue to diversify its offers, expand in Europe and strengthen its teams to support growth and enable European customers, individuals and companies to diversify and increase their savings.” Explain Nicolas Louvetco-founder and CEO of Coinhouse and Coinhouse Custody Services.
“I’m very excited about the future of Coinhouse. They have shown strong profitable growth and are very well positioned with a high quality service in France and Europe to meet the new demand from individuals, family offices and high net worth companies to invest in digital assets.” Frank DesvignesPartner at True Global Ventures, co-leader of the round with an investment of € 5M.
“DOES NOTI have supported Nicolas and his team since the beginning of the adventure. Given the excellent performance, we are pleased to participate for the third time in a row. Crypto-assets are still in their infancy and Coinhouse is on track to become one of the European leaders in the sector.”, Declares Alexis Du PelouxInvestment Director of the XAnge Fund.
“We are very proud to support Coinhouse, one of the pioneering players in the crypto world in Europe. In a context where crypto is a reality today, we value that Coinhouse is a regulated player that advocates a serious and responsible approach to the sector. In light of past results and growth prospects, we see Coinhouse as the future European crypto banker.”. declared Pierre-Edouard BerionPartner at Raise Ventures.
This € 15 million raise will allow Coinhouse to:
- Diversify the product range to facilitate everyone’s access to crypto markets,
- Developing its presence in Europe,
- Strengthen its offer to companies and institutional investors.
Coinhouse continues to expand its offering to become the first cryptobank European
In 2021, the remarkable acceleration in the adoption of cryptocurrencies has highlighted the need to offer alternative investment solutions to both individuals and companies. Coinhouse has mobilized its expertise to develop new products that live up to their expectations.
To this end, fintech has just launched Piloted Management, its offering that allows investors to delegate the management of their crypto portfolio to Coinhouse experts. With Piloted Management, the investor defines the desired level of risk (cautious, moderate, offensive).
Coinhouse had already excelled in October last year by creating an investment product, Livret Crypto, which allows companies or individuals to achieve a guaranteed return at an annual fixed interest rate of between 5% and 6%, with no equivalent in the market. .
Coinhouse expands in Europe and obtains CSSF registration to operate in Luxembourg
First platform registered as a Digital Asset Service Provider (PSAN) byMFA in France, Coinhouse has just taken another important step in obtaining registration with CSSFthe Luxembourg supervisory authority.
2022 will therefore be characterized by an acceleration of Coinhouse’s activity in France and in several European countries. To this end, the company intends to double its workforce and quadruple its international turnover. To do this, the management team intends to rely on the expertise of the founders of CF partners (Family office for the Carle family), who founded the group Babilouone of the world’s leaders in private crèches and has established itself as a leader in its field in 12 countries.
Strengthening the offer to companies and institutional investors
This fundraising will enable it to strengthen its quality of service and support its growth, especially with companies that now include cryptocurrencies in their investment and cash investment strategy. It is also about allowing them to use cryptocurrencies as a means of payment.
On the institutional side, the Coinhouse Custody Services subsidiary offers an ultra-secure crypto asset custody solution, tailored to the needs of institutions, large accounts and mutual funds.
Thus, Coinhouse aims to meet the new expectations of individuals in terms of investments, while at the same time becoming a significant partner for companies and institutions.
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