Crypto banking start-up Deblock raises €30m Series A to launch in Germany

French crypto banking start-up Deblock has raised €30 million in Series A funding, with the round led by Speedinvest. CommerzVentures and Latitude also participated as co-investors, alongside existing backers Shapers, Headline, Chalfen Ventures, and Kraken Ventures.

Founded by former Revolut and Ledger executives Aaron Beck, Adriana Restrepo, Jean Meyer, and Mario Eguiluz, Deblock combines traditional euro accounts and crypto wallets through a platform featuring payment and investment services, and access to decentralised finance (DeFi) protocols.

The company reports gaining over 300,000 customers since launching its on-chain banking solution in France in April 2024. Investors backed the launch with €12 million, as reported by Sifted, which also reports the company raising £13.3 million in seed funding a year ago.

Deblock says it will use the proceeds from the Series A to expand its platform throughout Europe, starting with Germany. This includes plans to “strengthen its German team and invest in product localisation and German-speaking customer support operations”. A timeline of launch has not been provided.

The start-up holds regulatory authorisation as an Electronic Money Institution (EMI) from France’s banking regulator ACPR, as well as a Markets in Crypto-Assets (MiCA) licence from the Autorité des Marchés Financiers (AMF).

Source: https://www.fintechfutures.com/