{"id":5141,"date":"2017-09-01T07:00:40","date_gmt":"2017-09-01T07:00:40","guid":{"rendered":"https:\/\/insights.invyo.io\/europe\/?p=5141\/"},"modified":"2019-04-12T17:05:21","modified_gmt":"2019-04-12T17:05:21","slug":"b2b-fintech-are-less-glamourous-but-yet-super-attractive-bitwala","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/europe\/industries\/finance\/payment-fx\/b2b-fintech-are-less-glamourous-but-yet-super-attractive-bitwala\/","title":{"rendered":"B2B Fintech are less glamourous&#8230; but yet super attractive &#8211; Bitwala"},"content":{"rendered":"<p><strong>Unless you use them, B2B Fintech are\u00a0very often\u00a0under the radar since they operate in the background with companies.<\/strong><\/p>\n<p>As of today, B2B Fintech have been underestimated compared to B2C Fintech while most people would agree\u00a0that B2B is where you can make money. Reports show that 2017 will be the year for the rise of B2B Fintech with more and more start-ups now positionning on\u00a0a B2B model in the\u00a0investments space, asset management, crowdfunding or\u00a0payment sector, according to a <a href=\"http:\/\/www.consultancy.uk\/news\/12840\/two-thirds-of-european-fintech-startups-eye-strong-revenue-growth\"><strong>recent study<\/strong><\/a>\u00a0published by Roland Berger.<\/p>\n<p>As a result, Techfoliance will introduce you <strong>B2B Fintech start-ups<\/strong> that you may have never heard of but yet well positioned to shake the financial\u00a0industry.<\/p>\n<h3>Bitwala: banking the crypto economy<\/h3>\n<h4>The story<\/h4>\n<p><strong><a href=\"https:\/\/www.bitwala.com\/business\/\" class=\"broken_link\">Bitwala<\/a>\u00a0<\/strong>is one of Germany\u2019s most innovative fintech startups, having won a series of awards including Pioneers Fintech Europe and raising \u20ac800,000 seed round from the most active blockchain investor <a href=\"http:\/\/dcg.co\/\"><strong>Digital Currency Group<\/strong><\/a> and <a href=\"https:\/\/high-tech-gruenderfonds.de\/en\/\"><strong>High-Tech Gr\u00fcnderfonds<\/strong><\/a>, the largest VC fund in Germany.<\/p>\n<p>Initially based on a B2C model, the company has recently launched a number of business products to bank the crypto economy.<\/p>\n<blockquote><p>\u201cBusiness accounts provide a gateway for blockchain-based financial services to provide companies the very tools needed to grow and manage their global business transactions.\u201d &#8211; J\u00f6rg von Minckwitz.<\/p><\/blockquote>\n<h4>The products<\/h4>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=m-DRWw677_s\">https:\/\/www.youtube.com\/watch?v=m-DRWw677_s<\/a><\/p>\n<p><strong>1\/ Integrated Bitcoin wallet<\/strong><\/p>\n<p dir=\"ltr\">With the <strong>Bitwala multisignature wallet<\/strong>, users have full control of their funds and keys. The wallet <strong>connects all the services<\/strong> together for quick and safe <strong>payments and transfers<\/strong>. Businesses can start receiving <strong>Bitcoin<\/strong> in a few minutes.<\/p>\n<p dir=\"ltr\"><span style=\"font-size: 1rem;\"><strong>2\/ International money transfers<\/strong><\/span><\/p>\n<p dir=\"ltr\">Bitwala offers <strong>Business account<\/strong> owners an unlimited transfer volume for quick and low cost transfers in <strong>22 global currencies<\/strong>. Most currencies have a <strong>0.5% fee<\/strong> and are processed in <strong>1 business day<\/strong>.<\/p>\n<p dir=\"ltr\"><span style=\"font-size: 1rem;\"><strong>3\/ Prepaid Bitcoin Debit Card<\/strong><\/span><\/p>\n<p dir=\"ltr\">For on the go <strong>expenses Bitwala<\/strong> offers a <strong>business Visa\u00ae prepaid debit card<\/strong> for the owner that can be topped up in only <strong>15 minutes<\/strong> with Bitcoin or any one of the <strong>44 accepted Altcoins<\/strong>. Business owners and accountants can see all transactions in real time.<\/p>\n<h4>Ambition matrix<\/h4>\n<p>Bitwala launched <strong>business accounts<\/strong> after achieving a series of record milestones since its founding. In the nine months between April 2015 to June 2016 Bitwala was focused on individual users. In that period the company processed <strong>millions in bill payments<\/strong> and <strong>bank transfers<\/strong> that were paid in <strong>Bitcoin<\/strong>.<\/p>\n<p>Since last year alone and with the recent and continuous surge in <strong>crypto currencies<\/strong>, Bitwala grew its user base 5 fold reaching <strong>30,000 customers<\/strong> from more than <strong>120 countries<\/strong> and processed over <strong>\u20ac30 million in payments<\/strong>.<\/p>\n<p>Bitwala CEO and co-founder J\u00f6rg von Minckwitz, stated<\/p>\n<blockquote><p>\u201cWe are very excited to share our growth with the world. Since we launched our mission was to build a fantastic infrastructure to help individual users make easy crypto to fiat payments. Launching business accounts brings us a step closer to building a full fledged and first of its kind blockchain bank\u201d.<\/p><\/blockquote>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unless you use them, B2B Fintech are\u00a0very often\u00a0under the radar since they operate in the background with companies. As of today, B2B Fintech have been underestimated compared to B2C Fintech while most people would agree\u00a0that B2B is where you can make money. Reports show that 2017 will be the year for the rise of B2B [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2182],"tags":[1142,1631,661,241,1628,134,1630,963,1493,787,280,318,1629,339,1201],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>B2B Fintech are less glamourous... but yet super attractive - Bitwala - INVYO Insights Europe : Media Fintech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.invyo.io\/europe\/industries\/finance\/payment-fx\/b2b-fintech-are-less-glamourous-but-yet-super-attractive-bitwala\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"B2B Fintech are less glamourous... but yet super attractive - Bitwala - INVYO Insights Europe : Media Fintech\" \/>\n<meta property=\"og:description\" content=\"Unless you use them, B2B Fintech are\u00a0very often\u00a0under the radar since they operate in the background with companies. As of today, B2B Fintech have been underestimated compared to B2C Fintech while most people would agree\u00a0that B2B is where you can make money. 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