Bitcoin wallet Conio has raised $3m in funding, bringing the company valuation to over $40m.
Italy-based Conio is a Bitcoin wallet that lets users pay in shops that accept Bitcoin as payment, as well as the ability to send the tokens to friends. Its solution also offers a real-time market where users can instantly check the current value of Bitcoin.
The app is 3D secure enabled which lets users to purchase or sell Bitcoin with their credit, debit or prepaid cards. Bitcoin can also be sold and transferred into Euros and sent to a bank account.
This round of funding follows a $3m round in 2015 from Poste Italiane and puts the company’s total capital raised to $7m.
With this line of funding, the company will look to expand the range of services that it offers.
In a blog post, Conio co-founder and CEO Christian Miccoli said, “When people decide to invest in Bitcoin, many times the most immediate way is to contact their bank which, however, normally does not have dedicated products.
“For this reason, from today we have decided to develop services for banks, insurance companies and financial institutions. Our new services will open the way for new possibilities for business and for the growth of our country.”
Last month, multi-asset blockchain wallet Cobo Wallet collected an undisclosed pre-Series A funding round from a group of Chinese venture firms.
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