Bitstack Analysis: $1M Raised
What is Bitstack?
Bitstack is a mobile app that helps users save in bitcoin through automatic rounding of purchases and recurring buys.
Employees
20
Founded
2021
Revenue
$3.5M
Company Stage
Seed
YC Batch
S22
Product Features & Capabilities
- Buy and sell bitcoin, invest spare change through round-ups, schedule recurring buys, send and receive bitcoin, Bitstack Card for earning bitcoin back, direct deposit for paycheck savings, secure cold storage solution, regulated service, customer support.
Pricing
- Standard Plan: Free
- Everyday benefits
- Cash account: Free (coming soon)
- SEPA (Pay In & Pay Out): Free (coming soon)
- SEPA Instant: Free (coming soon)
- Card Deposit: Apple Pay & Google Pay - 0.70%
- Customer support: French and English
- Fee-free currency exchange: €1,000/m
How much Bitstack raised
1 - €1 million
May 11, 2022Lead Investor: Not specified in the source.
Who are the founders of Bitstack
AR
Alexandre Roubaud
Founder & CEO
KS
Kabir Sethi
Co-founder & CTO
Market Focus
Bitstack primarily focuses on the financial technology (fintech) industry, specifically in the area of cryptocurrency savings and investment, allowing users to save in Bitcoin through features like automatic rounding up of purchases and recurring buys.
Investors
- Stillmark
- Serena
- Plug and Play Tech Center
- Y Combinator
- AG2R LA MONDIALE
- Founders Future
- STATION F
Competitors Overview
Bitstack operates in the Bitcoin savings app market, where its main competitors include:
- Relai:
- Features: Relai allows users to buy Bitcoin easily without the need for KYC (Know Your Customer) verification, which enhances privacy. It offers a self-custodial wallet, meaning users ha
Business Model
Revenue from interchange fees, interest on loans, subscription fees, and trading fees.
Company Pricing
- Standard Plan: Free
- Everyday benefits
- Cash account: Free (coming soon)
- SEPA (Pay In & Pay Out): Free (coming soon)
- SEPA Instant: Free (coming soon)
- Card Deposit: Apple Pay & Google Pay - 0.70%
- Customer support: French and English
- Fee-free currency exchange: €1,000/m
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