Crypto start-up Coinpanion expands to Germany

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

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

"We want to appeal to people who don't know how they can benefit from developments in the crypto market and don't have the time or interest to keep track of things themselves," says Alexander Valtingojer, CEO and co-founder of Coinpanion. The start-up promises an easy entry into the crypto world. This should work with the help of 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 start-up in 2019 with Matthias Zandanel, Saad Wohlgenannt and Aaron Penn. The start-up recently completed a financing round of 5.5 million euros. The company was able to attract Patrick Pöschl, founder of Scalable Capital, and Christopher Oster, co-founder and CEO of insurance manager Clark, among others, as investors.