French FinTech Coinhouse bags $17m in its Series B

Coinhouse, which claims to be France’s first cryptocurrency management and transaction platform, has raised $17m in Series B funding.

The investment was led by True Global Ventures 4 Plus, which invested $5.7m into the company.

Coinhouse was launched in 2015 and it’s the first PSAN registered with the Autorité des Marchés Financiers.

It spun-out from Ledger in 2017 and gives users the ability to buy, hold and sell over 40 cryptoassets, including bitcoin and ethereum.

The platform helps users build their asset portfolio and better understand the ecosystem. It currently has over 50,000 clients in Europe.

Coinhouse co-founder and CEO Nicolas Louvet, “Coinhouse wants to position itself as the first European « Cryptobank ». Its objective is to make Crypto-assets accessible to as many people as possible, and within a regulated framework which guarantees the serenity for investors.

“Thanks to this fundraising, Coinhouse will continue to diversify its offer, expand in Europe and strengthen its team to support its growth and allow European customers, individuals, businesses, to diversify and grow their savings.”

Earlier in the year, payroll and HR management platform PayFit became France’s first FinTech unicorn of 2022, after closing a €254m Series E funding round.

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