Bitstack is a mobile application that automates bitcoin savings by rounding up everyday purchases and converting the spare change into bitcoin, allowing users to save effortlessly. This solution addresses the challenge of saving consistently by enabling users to invest in bitcoin without requiring active management or significant upfront capital.
Funding
$8.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+5Founders
Product
Problem
Many individuals find it challenging to consistently save money, especially when it comes to investing in assets like Bitcoin that require active management and can be intimidating for beginners. Traditional investment methods often demand significant upfront capital, making it difficult for people to start investing with small amounts.
Solution
Bitstack is a mobile application designed to automate Bitcoin savings by rounding up everyday purchases and converting the spare change into Bitcoin. This approach enables users to effortlessly invest in Bitcoin without needing active management or substantial initial capital. The app links to users' bank accounts, rounds up transactions to the nearest euro, and automatically invests the difference in Bitcoin. Users can also set up recurring Bitcoin purchases and sell their Bitcoin holdings at any time, providing a seamless and accessible way to engage with the cryptocurrency market. Bitstack is registered as a Digital Asset Service Provider (DASP) with the AMF, ensuring compliance with regulatory standards.
Target Audience
Bitstack primarily targets individuals who are new to Bitcoin and cryptocurrency investing, seeking a simple, automated way to save and invest small amounts regularly, as well as those looking for a hands-off approach to Bitcoin accumulation.
Features
- Automated round-ups: Rounds up everyday purchases to the nearest euro and invests the spare change in Bitcoin.
- Recurring purchases: Allows users to set up daily, weekly, or monthly recurring Bitcoin purchases.
- Buy/Sell Bitcoin: Enables users to buy more Bitcoin starting from €1 or sell their Bitcoin at any time.
- Multiplier option: Users can multiply their savings by 2, 5, or 10 for faster accumulation.
- Portfolio tracking: Provides an easy-to-read dashboard to monitor payments and investment growth.
- Bank-level security: Employs security measures comparable to major banks, ensuring the safety of user funds and data.
- Regulatory compliance: Registered as a DASP with the AMF, adhering to financial regulations.