Coinhouse raises 40 million euros and consolidates its positioning as a European crypto bank

This fundraising will help accelerate the development of Coinhouse’s service offering to individuals and businesses in Europe.

Coinhouse has closed a funding round of over 40 million euros. Among the investors: bank ODDO BHF, investment funds True Global Ventures, Tioga Capital, XAnge Siparex Innovation, Raise Ventures, CF Partners, ConsenSys, Expon Capital, as well as several large families and French business leaders. This fundraising will help accelerate the development of Coinhouse’s service offering to individuals and businesses in Europe.

Coinhouse has quadrupled its workforce in less than 2 years, positioning itself as the premier support platform for individuals and businesses, allowing them to easily invest in crypto assets in around fifty crypto assets, as well as savings management products.

Through its mobile application dedicated to consumers and its unique Crypto Private Banking service in Europe, Coinhouse is characterized by a transparent service offer adapted to everyone:

  • A customer service composed of crypto experts, open to all, based in Paris, multilingual and accessible by email and phone,
  • A team of account managers and experts for corporate clients,
  • Unique crypto savings management products like the Crypto Booklet and Piloted Management,
  • A crypto custodian offering for institutional investors and large accounts.

At the same time, the French leader in crypto assets continues its strong growth by diversifying its service offering to meet the needs of new clients in this still emerging market. Since early 2022, Coinhouse has opened up to the world of crypto payments and the needs of brands and merchants embracing Web3 (an internet based on decentralization and ownership).

As a digital asset service provider registered in France and Luxembourg, Coinhouse has assisted more than 20 major French and international brands by enabling them to securely acquire and hold land in Metaverses or accept crypto payments instantly in euros for the Selling property converts NFTs without having to manage the complexities of a portfolio or the accounting of volatile assets.

This €40 million raise will allow Coinhouse to:

  • Development of its crypto asset management activity beyond the already existing products,
  • Make payment in crypto accessible and intuitive for both individuals and businesses.
  • Accelerating international expansion and investigating external growth opportunities,
  • Facilitate Web3 development by simplifying transactions and digital asset management.

“I am proud of our team and the progress that has been made in 5 years. We have grown from 5 to more than 100 employees, from a crypto exchange activity, a subsidiary of Ledger, to an independent scale-up that has raised a total of almost 50 million euros from renowned French and international investors, including a European bank. Traditional players in the financial world and investors are beginning to realize the enormous potential of the crypto market, despite its cycles and upheavals associated with its potential for innovation and youth. The future of financial services, payments and Web3 will pass through the development of cryptos, and thus inevitably through players like Coinhouse, making them accessible and usable for all,” explains Nicolas Louvet, co-founder and CEO of Coinhouse.

Benoît Claveranne, Chief Transformation & Development Officer of ODDO BHF, states: “We are very excited about the idea of ​​supporting Coinhouse, the French flagship of the crypto asset ecosystem, in this new phase of growth. We believe blockchain technologies will redefine the contours of many industries, including finance.”

Nicolas Priem, Managing Director & CIO of TIOGA, adds: “We are delighted to support Nicolas and the Coinhouse team in their growth plan. We believe that through its regulatory first approach and expanded product offering, Coinhouse is uniquely positioned in Europe to facilitate the next wave of mass crypto asset adoption.”

Alexis Du Peloux, Partner at XAnge Siparex, says: “Coinhouse is now on the way to becoming one of the European market leaders with this opening of a new dimension. Nicolas and his team participate in the development of cryptos and will continue to be actively involved in their adoption.”

Frank Desvignes, Partner at True Global Ventures, says: “TGV’s vision aligns with Coinhouse’s: to develop a crypto banking model focused on quality support service and investment products, and to attract new customer segments (including family offices and corporations) appeals.”

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