Bitstack (Founders Program) raises 1M€ to empower French people to save in Bitcoin effortlessly

Created in April 2021 by Alexandre Roubaud and Kabir Sethi, Bitstack closed its first 1M€ fundraising less than a year later. Founders Future leads this round, completed by Plug and Play Tech Center, Sharpstone Capital, as well as business angels from the French crypto and FinTech ecosystem including Alexandre Stachtchenko and Claire Balva from KPMG, Owen Simonin (known as Hasheur) from Just Mining, Damien Guermonprez from Lemonway and Nicolas Bacca, co-founder of Ledger.

Part of STATION F’s Founders Program, Bitstack allows people to round up their daily purchases directly in Bitcoin via an easy-to-use mobile application. Based on the concept of automatically rounding up bank transactions to the nearest euro (e.g. a coffee bought for €2.60 is rounded up to €3.00 and the €0.40 is put aside), savings are created without having to think about it. The small change is accumulated throughout the week and then automatically converted into Bitcoin the following Monday. Additional savings features are offered: recurring savings (allowing the user to automatically save the amount they want every week, every fortnight or every month) and one-time purchase of bitcoins by bank card in one click, starting at €1.

"Bitcoin is an unmatched financial alternative: a secure store of value that is not influenced by inflation. Bitstack has a simple proposition: a legible, costless savings solution to meet the life goals of the French, making Bitcoin a reality, not just a fad," says Alexandre Roubaud, co-founder and CEO of Bitstack.

Bitstack has obtained its registration as a digital asset service provider with the French Financial Markets Authority (AMF) and the French Prudential Control and Resolution Authority (ACPR). Two months after the opening of the beta access, the application already has 3,000 users. Bitstack aims to have 10,000 users and 3 million euros saved in Bitcoin by the end of 2022.

Want to grow your startup? Apply to one of STATION F’s startup programs here.