Bitpanda, a leading European cryptocurrency trading platform, has announced a $263 million funding round, elevating its valuation to **$4.1 billion—a 2.4x increase** from its $1.2 billion valuation just five months prior.
Key Highlights from the Latest Funding Round
- Total private funding: Nearly $500 million to date.
- Lead investor: Valar Ventures, backed by Peter Thiel (co-founder of PayPal).
- Other participants: Alan Howard (hedge fund billionaire), REDO Ventures, LeadBlock Partners, and Jump Capital.
Bitpanda’s CEO, Eric Demuth, noted the efficiency of the process: "With strong financial partners, fundraising becomes seamless—no lengthy roadshows needed."
About Bitpanda
Founded in 2014 (Vienna, Austria), Bitpanda operates as a fintech platform enabling:
- Cryptocurrency and precious metals trading.
- 24/7 stock trading (currently in beta, with full rollout expected by year-end).
👉 Discover how Bitpanda compares to competitors like Revolut and eToro
Unique Business Model
- Revenue source: Spread between buy/sell prices—profitable for five consecutive years.
- B2B focus: Licensing its tech to banks and fintech firms (several partnerships already underway).
Growth Metrics:
- 2021 revenue: Projected to grow 7x year-over-year.
- User base: 3M+ (expanding into France, Spain, Italy, and Portugal).
Industry Context
- Crypto market rebound: Bitcoin (~$48K) and Ethereum pushed total market cap above **$2 trillion**.
- Regulation: Demuth praised EU’s draft crypto rules but cautioned against last-minute disruptions.
Bitpanda’s Stance on Public Listing
While no immediate IPO plans, Demuth:
- Praised Wise’s direct listing model (cost-effective, equitable access).
- Rejected SPACs: Called the trend a "bad example."
FAQs
Q: How does Bitpanda make money?
A: Through spreads on asset trades—no subscription fees.
Q: What sets Bitpanda apart from Revolut?
A: Profitability (vs. Revolut’s $230M 2020 loss) and B2B tech licensing.
Q: Will Bitpanda expand beyond Europe?
A: Not yet—focus remains on EU markets like France and Spain.
👉 Explore Bitpanda’s stock trading beta here
Keyword integration: Cryptocurrency trading, fintech startups, Bitpanda valuation, Peter Thiel, stock trading platform, EU crypto regulation, SPAC alternatives.