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.
We’re a young, smart and internationally-minded team united by the same values.
Live the revolution
Blockchain technology is going to change the world. We’re the catalyst. Be part of the community
Not another bank
Trust and responsibility without old-fashioned thinking.
When our first product was destroyed, we came back stronger than ever.
Mind your karma
Be the best you can be and help your colleagues do the same. Lead by example.
The best idea wins
Value ideas over hierarchy. Listen, learn and speak your mind.
Aim for the moon
Well-funded, our team doubled in size within 6 months. Here’s a little secret: we’re going to be huge.
Our journey so far…
2013 - Humble beginnings
Bitwala started off as three friends and a dog with a simple idea for paying for everyday items with bitcoin. Back then, Bitcoin had enormous potential and nobody was using it.
2015 - Building the revolution
Bitwala is bootstrapped and launches an MVP at the start of 2015. The first product is a bank transfer for cryptocurrencies with a prepaid debit card.
2016 - The fundraising
Bitwala raises its first funding round of €800,000 from HTGF, DCG and an angel investor. Fast-forward to the opening of a bright office-space in Kreuzberg, the hiring of several employees, and a product that processes 75 million euro in transfers.
2018 - Disaster strikes!
Wavecrest, Bitwala’s partner bank shuts down and forces Bitwala to cease operations. This kind of setback doesn’t phase the team but it’s back to the drawing board.
2018 - The rebirth
Bitwala makes the comeback of the century! A new idea spawns from the ashes - the blockchain economy is going to need a bank. With an additional €4 mil. investment secured from renowned investors Earybird and Coparion, Bitwala proudly launch the world’s first cryptocurrency bank account.
Today & The future
As a growing team of 43, the Bitwala team are hard at work launching more features, currencies and partnerships to the roadmap, as well as continuing the mission of fully integrating cryptocurrencies with the financial world.