Significant Rise in Eurozone Prices Fuels Bitcoin Adoption in France
According to data from the European Central Bank, prices within the Eurozone have surged by 23.4% since 2020, prompting nearly 4 million adults in France to consider Bitcoin as a viable hedge against the declining purchasing power of the euro. In response to this growing interest, the Paris-based Bitcoin savings application, Bitstack, has developed an innovative mobile platform that enables users to round up their everyday purchases and automatically convert the spare change into Bitcoin through a method known as dollar-cost averaging.
Funding Round to Accelerate Growth and Expansion
On the heels of this increasing demand, Bitstack successfully secured $15 million in Series A funding, a round that was led by 13books Capital with additional support from existing investors such as AG2R LA MONDIALE, Plug and Play Ventures, Serena, Stillmark, and Y Combinator. This capital injection is set to propel Bitstack’s expansion across Europe, allowing it to introduce new products designed to assist users in safeguarding their purchasing power amid ongoing economic volatility.
Bitstack’s Unique Approach to Crypto Savings
Founded in April 2021 by Alexandre Roubaud and Kabir Sethi, both of whom are alumni of McGill University in Canada, Bitstack emerged with the vision of providing a straightforward and engaging platform for Europeans to save and invest in Bitcoin. The company’s headquarters in southern France was strategically chosen due to favorable regulations and a vibrant tech ecosystem. Since its launch, Bitstack has quickly risen to become one of the most popular cryptocurrency savings platforms in France, particularly as the persistent rise in prices has diminished the euro’s value.
Roubaud noted that in just three years, Bitstack has experienced remarkable growth, boasting over 300,000 active users who have collectively saved more than €300 million in Bitcoin. He highlighted that their revenue has surged tenfold over the past two years, reflecting a significant shift in the French population’s interest in Bitcoin amidst uncertain economic conditions.
Innovative Features and Competitive Edge
Bitstack’s standout feature, the automatic round-up function, allows users to effortlessly convert their daily spending into Bitcoin savings, making the process both simple and automatic. The platform also offers the first VISA debit card in Europe equipped with a “Stackback” rewards system, which includes fee-free real-time round-ups and up to 1% Bitcoin cashback on all purchases, without any limits. Additionally, users can manage a euro account with a French IBAN, facilitating easy transfers and salary conversion into Bitcoin.
The company competes with other crypto platforms like Revolut, Bitpanda, and MoonPay, but its concentrated focus on Bitcoin savings and unique rewards program provides it with a distinct advantage. Currently, Bitstack operates in a dozen European nations, including Germany, Spain, the Netherlands, and Italy, each featuring localized content and a tailored user experience.
Future Plans and Regulatory Approvals
Looking ahead, Bitstack is gearing up to launch a beta version of its VISA debit card featuring the Stackback rewards program on January 13, 2026, which will initially be accessible to 5,000 users on the waitlist. The company is also set to expand its footprint further across European markets with content and user experiences customized for each region. Michael McFadgen, co-founder and partner at 13books Capital, remarked that this funding round positions Bitstack to significantly enhance its product offerings and expand its market presence, establishing it as a potential leader in Bitcoin savings throughout Europe.
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