France-based crypto wallet provider Coinhouse has reportedly collected €40m in fresh funding to support its European expansion.
The investment was supported by ODDO BHF Bank, True Global Ventures, Tioga Capital, XAnge Siparex Innovation, Raise Ventures, CF Partners, ConsenSys and Expon Capital, according to a report from Geeky.news. Capital also came from several unnamed family offices and French business leaders.
With the fresh funds, the company hopes to develop new products, accelerate its international expansion and help make crypto payments more accessible for individuals and companies.
Coinhouse helps consumers easily open a crypto wallet, where they can curate a portfolio of more than 50 cryptocurrencies. It also offers pre-made portfolios that meet the various levels of risks.
Users can choose between a defensive portfolio of low-risk assets or a fundamental portfolio that includes historical assets, such as bitcoin and Ethereum. There is also a balanced portfolio, which picks the most promising projects in the market, and the final option is an offensive portfolio, which seeks high-risk projects.
Coinhouse has quadrupled its team in less than two years, the report claims.
The capital injection comes just months after its previous round, having raised €15m for its Series B in January 2022. The round was led by True Global Ventures 4 Plus.
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