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According to a news release, Coinhouse, a French digital asset service provider, has raised 40 million euros ($42.5million) in a round of funding.

Other participants included bank ODDO BHF and investment funds Tioga Capital, XAnge Siparex Innovations, Raise Ventures as well as several French business leaders.

This fundraising will be used to accelerate the development of Coinhouse’s services for individuals and businesses in Europe.
Coinhouse has quadrupled the workforce in less that two years. It is now positioning itself as a support platform, allowing people and businesses to invest in approximately 50 crypto assets and crypto savings management products.

Nicolas Louvet is the co-founder and CEO at Coinhouse. He stated: “The future financial services, payments, and web3 will be through the development cryptos and consequently through that of players like Coinhouse who make them available and usable for everyone.”

Coinhouse is a French and Luxembourg-registered digital asset service provider. It has assisted more than 20 French companies to acquire and hold metaverse land and convert crypto payments into euros for the sale of digital objects, NFTs, or other digital objects.

The post French Crypto Company Coinhouse Gets $42.5 Million Funding Round Backed by True Global Venture first appeared on The Daily Encrypt.


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Angie Byrd