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Bitcoin App Relai Raises $2.7 Million

Bitcoin App Relai Raises $2.7 Million

Relai, a Switzerland-based app designed to make bitcoin investing simple in Europe, has announced a raise of 2.5 million Swiss francs (roughly $2.778 million) in series A funding led by Swiss venture capital firm Redalpine.

“The capital injection will be used to build the leading bitcoin broker in Europe and obtain a financial intermediary license,” according to a Relai press release shared with Bitcoin Magazine. “The new financing round will enable Relai to build a proprietary broker for efficient order processing and provide new offerings for investors who are looking to buy large amounts of bitcoin.”

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