A savings and investment app dedicated to Bitcoin has raised €1.2 million and launched a crowdfunding campaign.
Founded by Julian Liniger and Adem Bilican, Relai is headquartered in Switzerland. Launched in 2020, it boasts more than 24,000 active users in 40 countries across Europe.
It aims to bring Bitcoin into the mainstream by making access possible within one minute.
Relai’s lead VC investor, Redalpine, invested again alongside Polytech Ventures, Fulgur Ventures and ACE & Company.
The Crowdcube campaign, which launches today and closes on 30th May, allows investors to invest from €10 for common shares in the business. Investors will receive an update on the company’s performance every quarter.
Those who invest €5,000 or more will be entitled to 0% fees on transactions on the Relai app.
“We’re really excited to be working with Crowdcube to help unlock the next phase of our growth,” said CEO Liniger.
“Our journey to date, paired with our exciting roadmap for the future, means there’s never been a better time to invest in Relai.
“The private phase of the Crowdcube raise has seen our lead VC investor, Redalpine, doubling down on their seed investment with us, whilst we’ve also had support from other leading European and US investors.
“We can’t wait to open our doors to the Crowdcube community and welcome thousands of Relai users and fans as shareholders on our journey.”
Pepe Borrell, VP of international at Crowdcube, said: “Relai joins the wave of European fintechs keen to champion inclusion by putting it at the very core of the business by turning their customers into shareholders – having them on their cap table.
“We’re really excited to support our first Swiss FinTech to reap the benefits of a Crowdcube raise, such as driving engagement, loyalty and advocacy from their communities.”