BRD raises $15 million to drive expansion of its bitcoin and crypto wallet
BRD, a bitcoin and cryptocurrency mobile wallet, formerly known as Bread, announced today the team has raised $15 million in a Series B financing round to accelerate international expansion and to scale its technology platform.
The funds came from SBI Crypto Investment, a wholly owned subsidiary of SBI Holdings, based in Tokyo, Japan.
In addition, BRD announced the availability of cryptocurrency purchases using SEPA transfers for the European market through a partnership with Coinify.
In 2018, BRD reported a record year in new user growth and popularity of its mobile apps:
- 116% Y-o-Y growth of total installed base; now over 1.8M users globally
- Q4 2018 was a record Quarter for new user growth; nearly 400K new users in Q4
- Top 10 Finance app in 71 countries
The BRD app is available for download from the App Store or Google Play.
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