FIOR Digital GmbH Secures €2.1 Million Financing Round Led by Volksbank Raiffeisenbank Bayern Mitte

FIOR Digital GmbH, the parent company of 21bitcoin, a leading bitcoin platform in Europe, has successfully closed a financing round of €2.1 million. Volksbank Raiffeisenbank Bayern Mitte eG, one of Germany’s most reputable banks, has provided the funding for this round, according to a press release received by bitcoin Magazine.

Volksbank Raiffeisenbank Bayern Mitte: Investing in Potential Market Leaders

Andreas Streb, a board member and managing director at Volksbank Raiffeisenbank Bayern Mitte, expressed confidence in the investment, stating, “We are investing in this company because it has the potential to revolutionize the industry and become a lasting market leader. 21bitcoin has succeeded in attracting a generation of customers in Europe with a platform for bitcoin that is significantly different from the incumbents’ offerings – simpler, more humane and with a user experience that gives customers the experience they want.”

Expansion Plans and European MiCAR License

The €2.1 million funding injection will primarily be utilized for expanding market presence, diversifying the product range, and growing the team at 21bitcoin. Notably, the company aims to become the first bitcoin company to obtain the European MiCAR license. This license will establish a standardized regulatory framework for cryptocurrency services across the European Union, enabling uniform access to a market of 447 million people, starting in late 2024.

Richard Riedmaier Highlights the Synergy in the Partnership

Richard Riedmaier, Chairman of the Board of Volksbank Raiffeisenbank Bayern Mitte, emphasized the strategic value of the investment, saying, “The participation in 21bitcoin is the consistent further development of our bitcoin strategy and complements our own offering. 21bitcoin has created a compelling range of products for bitcoin. The company has assembled an incredible team that is passionate about being the first bitcoin company to receive a MiCAR license. We are excited to be part of their journey.”

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Rapid Growth and Increasing Interest in bitcoin

21bitcoin is currently experiencing its most significant period of growth since its establishment three years ago. According to the press release, the company’s revenue has surged by a staggering 2,832% over the past 12 months, indicating the escalating interest of Europeans in bitcoin as a savings and investment vehicle.

21bitcoin CEO’s Vision for the Future

Daniel Winklhammer, co-founder and CEO of 21bitcoin, expressed his optimism about the industry’s transformation and the company’s role in driving this change, stating, “The financial services industry is in the midst of a monumental change, and our continued growth and the participation of an established bank as a lead investor prove that 21bitcoin is at the forefront of this change in Europe. Thousands of customers use 21bitcoin to diversify their portfolio into bitcoin, spread the word about bitcoin, and enhance their overall financial well-being. This investment will fuel our growth and enable us to reach and empower tens of thousands more individuals, ensuring that everyone has easy, secure access to bitcoin, regardless of their background or location.”

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