London-based crypto processing BCB Group has raised $ 4.5 million from several major investors. The funds will be used to expand the range of startup services.
NEWS: Today we’re thrilled to announce that we have closed a strategic funding round co-led by @NorthIslandVC and @blockchain Ventures, with participation from @PanteraCapital, L1 Digital and Pack Capital
Find out more: https://t.co/DavpRwZdDD pic.twitter.com/c5qlGvVDIv
– BCB Group (@BCBcrypto) March 2, 2021
The funding round was spearheaded by investment firm North Island Ventures and cryptocurrency wallet provider Blockchain.com. Pantera Capital, L1 Digital and Pack Capital also participated in it.
“We want to get more regulatory licenses in the UK, European Union and Switzerland. It’s expensive, “BCB Group CEO Oliver von Landsberg-Sadie told CoinDesk.
The head of the startup spoke about plans to attract additional investments in the amount of $ 10 million to $ 15 million by the end of 2021. Currently, the total funding for the BCB Group is $ 5.5 million.
According to a press release, the company’s sales have grown 19 times over the past 12 months. In 2020, the startup processed more than $ 4 billion in payments and transactions.
Recall that in February, BCB Group introduced a new BCB Treasury service, which will open up access to bitcoin and other digital assets to customers. With its help, corporations will be able to trade, manage and store cryptocurrency as part of their strategy.
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