Bitcoin App Relai earns $2.7 million

Relai, a Switzerland-based app designed to facilitate bitcoin investment in Europe, has announced an increase of 2.5 million Swiss francs (approximately $2.778 million) in Series A funding led by Swiss venture capital firm Redalpine.

“Capital infusions will be used to build a leading bitcoin broker in Europe and obtain a financial intermediary license,” according to a Relai press release shared with Bitcoin Magazine. “The new funding round will enable Relai to build a private broker to efficiently process orders and deliver new offerings to investors looking to buy large amounts of bitcoin.”

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