The Bitwala Story
The Bitwala Story
We want to empower people to exchange value like they exchange ideas. Globally, instantly and at the lowest possible cost.
Built for trust
Trust takes a long time to build and only seconds to break. We have honesty and integrity in everything we do. We don’t trade trust for anything.
We don’t think in problems. We think in solutions.
Not your typical bank
We apply technology and creativity in building innovative, different and authentic products that you enjoy using.
We are building a exceptional product with a long-term vision in mind to provide financial freedom to our customers, now and in the future.
It has always been our goal to make living on
cryptocurrencies as easy as possible. This also meant
including the fiat side so it has become our mission to
disrupt banking by building an account to seamlessly
transition between the cryptocurrency and fiat worlds.
The founders start the brand Bitwala under the legal entity Safaru B.V. in the
Netherlands. The product enables customers to transfer Bitcoin and other
cryptocurrencies to more than a 100 countries for payments or to top-up
their Bitwala Prepaid Card.
2015 - 2017
Bitwala GmbH secured €800,000 in seed funding from HTGF (High-Tech Gruenderfonds) and DCG (Digital Currency Group) in 2016 and secured further €1.5 million funding from ALSTIN (Alternative Strategic Investment GmbH) and HTGF in 2017. By December 2017, more than 75,000 users are using the product Bitwala and have processed more than €65 million in cryptocurrency to fiat transfers.
After the removal of the license of the card issuing partner, Bitwala has to suspend their services. In January 2018 Bitwala GmbH takes over the brand Bitwala to build the new product. In order to do that Bitwala GmbH carries out a further funding round of €4 mil. of the renowned investors Earlybird and Coparion. Bitwala GmbH launches their new Blockchain Banking product in cooperation with the German partner bank solarisBank to merge the crypto and the fiat world.