French crypto-banking startup Deblock, which offers on-chain banking for euros and crypto, has secured €30 million in Series A funding led by Speedinvest, with participation from CommerzVentures and Latitude.
- Deblock was established in 2024 by Aaron Beck, Adriana Restrepo, Jean Meyer, and Mario Eguiluz. The French fintech startup provides a fully on-chain banking platform that links a euro account with a personal crypto wallet, allowing users to manage both fiat and digital assets in one interface.
- The service supports bank transfers, debit cards, currency and crypto exchanges, and access to decentralized finance (DeFi) services, while ensuring users retain full control over their funds.
- Through Vaults, users can earn yield on their assets. Deblock is licensed as an Electronic Money Institution by the ACPR and holds a MiCA license from the AMF, complying with European financial regulations.
Details of the deal
- The Series A was led by Speedinvest, with participation from CommerzVentures, Latitude, and existing investors Shapers, Headline, Chalfen Ventures, and Triton Capital (formerly Kraken Ventures).
- With the fresh capital, Deblock aims to accelerate its European expansion, starting with Germany, by growing its local team and investing in product development to deliver innovative features that give users greater control over both fiat and digital assets.
- The funding will also support product localization and German-speaking customer support, ensuring the platform meets the needs of new markets while continuing to enhance its fully on-chain banking solution.
"With this new funding, our mission is to accelerate our product roadmap and expand beyond our home market in France. In the coming months, you’ll see innovative products designed to give you more freedom and control over your money. Stay tuned," Deblock's team, commented on LinkedIn.
