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== History ==
== History ==
The company was founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer.<ref>{{Cite web|title=Erstes Einhorn Österreichs: Milliardenbewertung für Krypto-Firma Bitpanda|url=https://www.derstandard.de/story/2000125067135/erstes-einhorn-oesterreichs-milliardenbewertungkrypto-firma-bitpanda-mit|access-date=2021-10-21|website=DER STANDARD|language=de-AT}}</ref> The company was first called Coinimal and changed its name to Bitpanda in 2016. In 2018, an office was opened in [[London]]. Initially, Bitpanda was a platform on which only cryptocurrencies were traded. In 2019, it also launched trading in precious metals and in February 2021, it launched trading in securities.<ref name=":0">{{cite web|title=Mit Bitcoin im Supermarkt zahlen: Bitpanda stellt Krypto-Debitkarte vor|periodical=Der Standart|publisher=|url=https://www.derstandard.de/story/2000123454275/mit-bitcoin-im-supermarkt-zahlen-bitpanda-stellt-krypto-debitkarte-vor|url-status=|format=|access-date=|archive-url=|archive-date=|last=|date=|year=|language=de-AT|pages=|quote=}}</ref>
The company was founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer.<ref>{{Cite web|title=Erstes Einhorn Österreichs: Milliardenbewertung für Krypto-Firma Bitpanda|url=https://www.derstandard.de/story/2000125067135/erstes-einhorn-oesterreichs-milliardenbewertungkrypto-firma-bitpanda-mit|access-date=2021-10-21|website=DER STANDARD|language=de-AT}}</ref> The company was first called Coinimal and changed its name to Bitpanda in 2016. In 2018, an office was opened in [[London]]. Initially, Bitpanda was a platform on which only cryptocurrencies were traded. In 2019, it also launched trading in precious metals and in April 2021, it launched trading in securities.<ref name=":0">{{cite web|title=Mit Bitcoin im Supermarkt zahlen: Bitpanda stellt Krypto-Debitkarte vor|periodical=Der Standart|publisher=|url=https://www.derstandard.de/story/2000123454275/mit-bitcoin-im-supermarkt-zahlen-bitpanda-stellt-krypto-debitkarte-vor|url-status=|format=|access-date=|archive-url=|archive-date=|last=|date=|year=|language=de-AT|pages=|quote=}}</ref>


In September 2020, the company raised $52 million in an initial funding round. Investors included [[Peter Thiel]]'s investment firm.<ref>{{Cite web|date=2020-09-29|title=Bitpanda sammelt 52 Millionen Dollar in Series A-Runde|url=https://brutkasten.com/bitpanda-investment/|access-date=2021-10-21|website=brutkasten|language=de}}</ref> In early 2021, the company partnered with [[Visa Inc.|Visa]] to introduce a [[credit card]] that people could use to pay for goods and services in cryptocurrency or commodities in stores.<ref>{{Cite web|title=Mit Bitcoin im Supermarkt zahlen: Bitpanda stellt Krypto-Debitkarte vor|url=https://www.derstandard.de/story/2000123454275/mit-bitcoin-im-supermarkt-zahlen-bitpanda-stellt-krypto-debitkarte-vor|access-date=2021-10-21|website=DER STANDARD|language=de-AT}}</ref>
In September 2020, the company raised $52 million in an initial funding round. Investors included [[Peter Thiel]]'s investment firm.<ref>{{Cite web|date=2020-09-29|title=Bitpanda sammelt 52 Millionen Dollar in Series A-Runde|url=https://brutkasten.com/bitpanda-investment/|access-date=2021-10-21|website=brutkasten|language=de}}</ref> In early 2021, the company partnered with [[Visa Inc.|Visa]] to introduce a [[credit card]] that people could use to pay for goods and services in cryptocurrency or commodities in stores.<ref>{{Cite web|title=Mit Bitcoin im Supermarkt zahlen: Bitpanda stellt Krypto-Debitkarte vor|url=https://www.derstandard.de/story/2000123454275/mit-bitcoin-im-supermarkt-zahlen-bitpanda-stellt-krypto-debitkarte-vor|access-date=2021-10-21|website=DER STANDARD|language=de-AT}}</ref>

Revision as of 16:09, 18 November 2021

Bitpanda GmbH
Company typePrivate
IndustryFintech
FoundedVienna, 2014
FoundersEric Demuth
Paul Klanschek
Christian Trummer
Headquarters,
Key people
Paul Klanschek,
CEO
ServicesElectronic trading platform
Number of employees
500 (2021)
Websitewww.bitpanda.com

Bitpanda GmbH is an Austrian company headquartered in Vienna. Through Bitpanda's trading platform, cryptocurrencies, commodities, securities, and ETFs can be traded using a mobile app. With a valuation of over four billion US dollars, Bitpanda 2021 became the first unicorn from Austria.[1] Bitpanda had nearly 2.7 million customers and almost 500 employees in 2021.[2]

History

The company was founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer.[3] The company was first called Coinimal and changed its name to Bitpanda in 2016. In 2018, an office was opened in London. Initially, Bitpanda was a platform on which only cryptocurrencies were traded. In 2019, it also launched trading in precious metals and in April 2021, it launched trading in securities.[4]

In September 2020, the company raised $52 million in an initial funding round. Investors included Peter Thiel's investment firm.[5] In early 2021, the company partnered with Visa to introduce a credit card that people could use to pay for goods and services in cryptocurrency or commodities in stores.[6]

In another round of funding in August 2021, the company raised $260 million, increasing its valuation to more than $4 billion.[7] In 2021, the company announced it would open an office in Berlin.[2]

Products

Bitpanda's offerings include trading in cryptocurrencies such as Bitcoin or Ethereum, commodities such as silver and gold, and various securities and funds. Cryptocurrencies can be stored in a digital wallet on Bitpanda's platform and can also be sent to other users. In addition, the company also offers its own credit card.

References

  1. ^ "Fintech: Bitpanda mit über vier Milliarden Dollar bewertet". www.handelsblatt.com (in German). Retrieved 2021-10-21.
  2. ^ a b "Bitpanda eröffnet Standort in Berlin". FinanceFWD (in German). 2021-07-13. Retrieved 2021-10-21.
  3. ^ "Erstes Einhorn Österreichs: Milliardenbewertung für Krypto-Firma Bitpanda". DER STANDARD (in Austrian German). Retrieved 2021-10-21.
  4. ^ "Mit Bitcoin im Supermarkt zahlen: Bitpanda stellt Krypto-Debitkarte vor". Der Standart (in Austrian German).
  5. ^ "Bitpanda sammelt 52 Millionen Dollar in Series A-Runde". brutkasten (in German). 2020-09-29. Retrieved 2021-10-21.
  6. ^ "Mit Bitcoin im Supermarkt zahlen: Bitpanda stellt Krypto-Debitkarte vor". DER STANDARD (in Austrian German). Retrieved 2021-10-21.
  7. ^ "Bitpanda holt 263 Mio. Dollar Investment zu 4,1 Mrd. Dollar Bewertung". brutkasten (in German). 2021-08-17.