Swiss-based Relai, an app for buying Bitcoin, has secured $12 million in Series A funding. The round was led by Ego Death Capital with participation from Plan B Bitcoin Fund, Timechain, and Solit Group.
The company will use the funds to accelerate Bitcoin adoption across Europe. Furthermore, it is working on securing the MiCA license.
Buy and sell Bitcoins in minutes
Relai was founded in 2020 in Zurich by Julian Liniger and Adem Bilican. The app is designed to be simple and intuitive, allowing anyone to buy and sell Bitcoin within minutes. The company makes bitcoin saving and investment accessible to everyone without any registration, verification, or deposits.
Relai stands out in the crowded cryptocurrency market with its unique approach to self-custody. Unlike other platforms, Relai does not hold user funds; instead, it empowers users to control their financial futures with an easy-to-use self-custodial wallet.
With Relai, clients can buy or sell larger amounts of Bitcoin with dedicated personal support, ensuring a smooth and efficient experience tailored to their needs. Its relationship managers are available for assistance and help clients acquire bitcoins in less than 24 hours. It provides individual step-by-step support and access to exclusive content, webinars and knowledge sharing sessions.
It is a Swiss-licensed financial service provider with over $500 million in trading volume. In 2024, it was named one of the fastest-growing startups in Europe, and the company is regularly listed among the top 50 Swiss startups.
How much does Relai charge?
In addition to highly competitive rates on the price of the bitcoin one wants to buy or sell, the company also offers very low fees for the purchase. Note that the fees are all-inclusive, meaning that the individual service they provide with from start to finish is included. It charges 2% on 100,000-499,999 blocks, 1.5% on 500,000 to 999,999 blocks and 1% on the purchase of 1,000,000 blocks ot more.
Bitcoins to take control of future?
As per the company, bitcoin is the best-performing asset this past decade, leaving many experienced industries and companies behind. Fiat currencies have lost over 95% of their purchasing power, effectively making it impossible to save for the long term. Bitcoin is absolute scarcity, which reduces its inflation every 210,000 blocks, securing the value of the asset long-term and allowing you to save again.
“This will make us one of Europe’s first fully compliant Bitcoin-only platforms, opening the door to 400 million potential users across the EU,” stated the company in the blog post.
Jeff Booth, Founding Partner at ego death capital, said, “Julian and Adem have built an incredible team and platform by focusing relentlessly on long-term value to users – helping them to both understand Bitcoin and to buy it safely and securely. They are already a European leader and are well positioned to become a household name.”
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