The new round of financing triples the broker’s valuation from March, when it raised USD 170 million at a valuation of USD 1.2 billion. British hedge fund manager Alan Howard, REDO Ventures, LeadBlock Partners and Jump Capital also invested in the current round.
Bitpanda, which currently has 3 million users and presence in eight European countries, plans to expand into other countries in 2021. Its platform offers users the flexibility to invest in a range of products such as fractional stocks, cryptocurrencies and precious metals — from as little as USD 1.
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