Brazilian Startup Bitso grows 10 times in 2020 and wants 100,000 customers by April

Bitcoin’s multi-purpose portfolio startup grew strongly during the year and wants to triple customers in the short term.

Bitso Brazilian Startup grows 10 times in 2020 and wants 100,000 customers by AprilNOTÍCIAS

The Brazilian startup of Bitcoin Bitfy portfolios announced that it had accumulated 10-fold growth in 2020, according to Exame.

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The company’s main portfolio is a multi-purpose Bitcoin blockchain. According to the text, Bitfy has already traded R$ 25 million in the application launched in January 2020. The company also says the app has grown 40% per month in the past three months.

Lucas Schoch, CEO and founder of Bitfy, comments on the company’s performance:

„The world is converging on the digitization of money, and that is completely related to the way we will use it, always involving the discussion of how far cryptomyces will be of use today if nations can be fully digitized. Our growth is directly Crypto Bank linked to this change in thinking“.

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In 2020, Bitfy also partnered with Cielo, allowing payments in Bitcoin in more than 1.5 million commercial establishments and digital services, in addition to partnerships with delivery startups such as iFood, Evino and Rappi.

In October, the startup led a round of investments led by Brazilian group Urca Angels, raising R$1.4 million. For the next few months, Bitfy plans to lead another round of Series A investments, with an eye on international expansion:

„We have gained breath to continue with our projects to democratize the use of Bitcoin, bringing practicality and security to this market. The investment is essential to continue with the launch of new solutions and products that we prepare for the coming months“.

With 30,000 registered users, Bitfy’s goal is to triple this number in the short term. The company expects to reach 100 thousand users by April 2021.

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As reported by Cointelegraph Brasil at the end of November, the startup also entered into a recent partnership to offer payment at BTC in healthcare services. In October, the company was a finalist for a US$1 million financing prize.

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