Coinhouse Raises 40M Euros and Positions as EU’s Leading Cryptobank

Coinhouse, the French pioneer in investing in crypto-assets, has completed a 40 million euros fundraising.

Among the investors: are the bank ODDO BHF, VC funds such as True Global Ventures, Tioga Capital Partners, XAnge Siparex Innovation, Raise Ventures, CF Partners, ConsenSys, Expon Capital, as well as several renowned families and French business leaders.

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

Coinhouse has quadrupled its workforce in less than two years and is positioning itself as the first crypto wealth management platform for individuals and businesses, allowing them to simply invest in around fifty crypto-assets as well as in crypto-financial products built by the team.

Through its free mobile application and its unique Crypto Private Banking service in Europe, Coinhouse stands out by offering 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 telephone,
• A team of account managers and experts dedicated to corporate clients,
• Unique crypto financial products, such as the “Livret Crypto,” which offers a guaranteed yield based either on Decentralized Finance or Lending platforms solutions and Crypto asset management products with different levels of risks/rewards exposure.
• A crypto custodian offer for institutional investors and large corporations.

At the same time, the crypto-assets French Leader is continuing its strong growth by diversifying its service offer to meet the needs of new customers in this still-emerging market.

Since the beginning of 2022, Coinhouse has been opening up to the world of crypto payments by addressing brands’ and merchants’ needs in Web3 (an internet-based on decentralization and ownership).

As a crypto-assets service provider registered in France and Luxembourg, Coinhouse has supported more than 20 major French and international brands by enabling them to securely acquire and hold lands in Metaverses.

It has also helped to accept crypto payments by converting immediately cryptos received for the sale of NFT or products into euros, without having to manage the complexity of a crypto Wallet or the crypto volatility.

This 40 million euros round of financing will allow Coinhouse to:

• Develop its crypto asset management activity beyond existing products,
• Make payment in crypto accessible and intuitive for both individuals and businesses,
• Accelerate its international expansion and look for M&A opportunities,
• Facilitate the development of Web3 by simplifying transactions and the management of crypto-assets.

“I am proud of our team and the progress in 5 years. We have gone from 5 employees to more than 100, from a crypto exchange activity, a subsidiary of Ledger, to an independent scale-up that has raised a total of €50 million with renowned French and international investors, including a European bank.

Traditional players in the financial world and VCs are beginning to grasp the enormous potential of the crypto market, despite its cycles and upheavals linked to its innovation potential and its recent development.

The future of financial services, payment, and Web3 will go through the development of cryptos and therefore inevitably through that of players such as Coinhouse who make them accessible and usable by everyone,” explains Nicolas Louvet, co-founder and CEO of Coinhouse.

Benoît Claveranne, Chief Transformation & Development Officer of ODDO BHF, declares: “We are delighted at the idea of supporting Coinhouse, the French flagship of the crypto-asset ecosystem, in this new stage of their growth. We are convinced that 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 Coinhouse, through its ‘regulatory first’ approach and expanded product offering, is uniquely positioned in Europe to facilitate the next wave of mass adoption of crypto-assets.”

Alexis Du Peloux, Partner of XAnge Siparex, says: “Coinhouse is now on the road to becoming one of the European leaders with this raising of a new dimension. Nicolas and his team are participating in the development of cryptos and will continue to take an active part in the adoption of these »

Frank Desvignes, Partner at True Global Ventures, said: “In the current market environment, True Global Ventures is seizing the opportunity to re-invest in Coinhouse to accelerate the development of the crypto banking model in Europe oriented around a service of quality support and investment products aimed at new customer segments, including family offices and businesses. »

About Coinhouse

Coinhouse is a Digital Asset Service Provider (DASP), a leading player in France for retail and corporate crypto asset investment.

A French company founded in 2015, Coinhouse offers management and transaction services on 50 crypto-assets with 1% fees on crypto-crypto exchanges and a multilingual customer service accessible to all European investors.

About Coinhouse custody services

Coinhouse Custody Services is a Digital Asset Service Provider (DASP) registered with the Autorité des Marchés Financiers (AMF) in France and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, specializing in highly secure custody services for institutional, corporate and HNWI clients.

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