Bitstack, the French company that offers a fun and simplified savings solution in Bitcoin (BTC), has joined the prestigious startup accelerator Y Combinator. In parallel, the startup is officially launching its mobile application on the App Store and Google Play following the success of the beta version of its platform.
Bitstack joins startup accelerator Y Combinator
Bitstack, the French startup that offers simplified savings in Bitcoin (BTC), has joined the ranks of Y Combinator, the Californian startup accelerator that has already supported internationally renowned companies such as Airbnb, Stripe and Coinbase.
This is a testament to the rapid growth of Bitstack, and more specifically its application that automatically rounds up everyday expenses to the next euro in order to automatically invest in Bitcoin.
Launched in March 2022, the app also makes buying Bitcoin simple, fun and painless via a recurring purchase solution. For example, users can invest every two weeks or every month, again through the Dollar Cost Averaging (DCA) strategy, a long-term investment method that smoothes out the risk associated with BTC volatility.
Thanks to its entry into Y Combinator’s programme, Bitstack will benefit from $500,000 in funding, thus completing its first round of financing through which the startup was able to raise €1 million in order to facilitate saving in Bitcoin on a daily basis.
In addition to this financial support, Bitstack will be accompanied by the best international mentors for a period of 3 months in order to promote its development in the best conditions.
Alexandre Roubaud, Bitstack’s CEO, welcomes the news and is confident for the future of the startup:
Our decision to register as a PSAN with the AMF allows us not only to offer a secure solution that respects the French regulatory framework, but also to anticipate the European MiCA regulation. This is what convinced Y Combinator to accompany us to accelerate our growth and become the reference Bitcoin Account for Europeans. “
Bitstack officially launches its mobile application
Building on the success of its beta, which has convinced more than 5,000 French people, who are already saving an average of €76 per month in Bitcoin, Bitstack today announces the launch of the official version of its mobile application.
Available on the App Store and Google Play, the Bitstack app can be downloaded for free to start saving small change through everyday purchases. Users of the app can then freely hold, buy, sell or send Bitcoin.
Following a recent Bitstack survey of its own users, saving in Bitcoin made easy: 59% are ready to save up to €249 per month in BTC, 92% think it is an up-and-coming currency and 96% see it as a future savings solution.
For Alexandre Roubaud, the current bear market context is an opportunity to buy Bitcoin at a reduced cost:
The study showed that 94% of savers are not worried by the recent fall in the Bitcoin price. On the contrary, 83% see it as an opportunity to buy cheap Bitcoin and that’s also our vision, hence the interest in doing DCA with Bitstack!”
