Crypto start-up Coinpanion expands to Germany

The start-up wants to help even inexperienced investors profit from the crypto market.

The Austrian crypto start-up Coinpanion is now launching its service in Germany. For the expansion, the company is cooperating with the banking houses von der Heydt and Scheich. Both banking houses are to ensure that regulatory requirements are met in Germany.

"We want to address people who, on the one hand, don't know how they can profit from the developments in the crypto market and, on the other hand, don't have the time or interest to keep track of it themselves," says Alexander Valtingojer, CEO and co-founder of Coinpanion. The start-up promises an easy entry into the crypto world. This is supposed to work with the help of the prefabricated portfolios and the ongoing optimization of these, automatic savings plans and automatically generated tax reports. At Coinpanion, users can invest in NFTs, the Metaverse and classic cryptocurrencies such as bitcoin or ether, among others.

Valtingojer founded the startup in 2019 with Matthias Zandanel, Saad Wohlgenannt and Aaron Penn. The startup recently closed a €5.5 million funding round. In the process, the company was able to win Patrick Pöschl, founder of Scalable Capital, and Christopher Oster, co-founder and CEO of the insurance manager Clark, among others, as investors.