Relay Raises $4.5M to Accelerate Crypto Platform

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Swiss bitcoin platform Relai has raised $4.5 million to strengthen its grip on the crypto-onramp market.

The round was led by ego death capital – Andi Pitt, founding partner will also join the board of directors of Relais, bringing with her former trading experience as vice president of commerce at Goldman Sachs, New York.

Other investors in the cycle are Timechain, Cabrit Capital and Lightning Ventures and Redalpine and Fulgur Ventures are showing continued confidence as they invest again.

Redalpine led the previous round which included crowdfunding, exceeding all expectations by closing the initial round from 1.5 million to 2.16 million. Including the Ego Death Capital-led round, Relai has raised a total of $11.8 million to date, across five rounds, since its first seed round in 2020.

The start-up was founded by Julian Liniger and Adem Bilican when they were looking for an easy way to buy bitcoin securely. They created the platform to allow retail investors to buy and sell bitcoin without the added hassles of registration, verification, or deposit. It also gives investors full control of their funds through a non-custodial bitcoin wallet.

Relai recently launched an offer to attract small and medium businesses to bitcoin trading with Relai Business.

The current bear market is the perfect time to focus on what’s most important: creating a top-notch product, providing a seamless user experience, and educating people about Bitcoin as the best savings technology ever invented, says Julian Liniger, CEO and Co-Founder. in Relay.

Our team is eager for what lies ahead and we have a perfectly clear plan that we will execute in the months to come. With the capital of ego death and the great network around Jeff Booth, Andi Pitt and Nico Lechuga, we are ready to bring bitcoin to everyone in Europe.

Funds will go toward expanding platform services with zero-fee trading, upgrading to Lightning, and launching a white-label product that will enable other fintechs to offer fiat trading -to-bitcoin.

We’ve been really impressed with Julian and the Relai team and their ability to deliver long-term value to users, says Jeff Booth, General Partner at ego death capital. We believe they will be a key player in the European adoption of Bitcoin and we are excited to work with them.

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