The French encryption savings platform Bitstack has completed a $15 million Series A financing and will launch a VISA debit card.

ZkSnarker

2025-12-02 06:26:21

Abstract generation in progress

[Chain News] There is an encryption savings platform in France called Bitstack, which recently secured a substantial amount of funding—$15 million in Series A financing. The lead investor is 13books Capital, and the co-investors are quite impressive: AG2R LA MONDIALE, Plug and Play Ventures, Serena, Stillmark, and the well-known Silicon Valley incubator Y Combinator.

This platform has now accumulated over 300,000 active users in mainland France, helping users store a total of over 300 million euros in Bitcoin. Even more astonishingly, their revenue has multiplied tenfold in two years. They have also done quite well in terms of compliance, obtaining a license issued by the French Financial Markets Authority (AMF) in accordance with the EU MiCA regulations, and their business has already expanded to several countries in Europe.

After securing this round of financing, Bitstack plans to accelerate the launch of a VISA debit card named “Stackback”, which will have a cashback reward mechanism, and will also introduce a Euro account feature with a local French IBAN number. It is said that the internal testing of this card will be opened to 5000 users on the waiting list for trial use on January 13, 2026.

It seems that they want to connect encryption savings and daily payment scenarios, allowing users to easily spend money while saving coins. This approach of integrating compliance, savings, and payments together indeed has quite a bit of imaginative space in the European market.

BTC6.7%

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LayoffMiner

· 19h ago

Finally, there are some decent compliance players here in France, 300,000 users is quite something, but do Europeans really buy into this Bitcoin savings scheme? --- Y Combinator's investment is a good sign, indicating that this sector indeed has potential, but whether the debit card strategy can succeed is key. --- Hearing about a tenfold increase in revenue sounds great, but how many percentage points can it actually yield annually? Here comes the problem. --- Getting the compliance license is real, unlike some projects that constantly rug pull, this approach seems relatively stable. --- 300,000 users have stored 300 million euros worth of Bitcoin... If the coin price falls, will these people go crazy? --- Europe is ramping up its encryption infrastructure, what are we doing domestically? Really, thinking too much.

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MEVictim