Bitwala secures €12.7 million in a round led by Sony Financial Ventures and NKB Group.

Bitwala, a Berlin, Germany-based operator of a platform for crypto-first finance trading services, announced that it raised €13 million ($14.1M) in Series A funding.

The round was led by Sony Financial Ventures and NKB Group with continued participation from existing investors Earlybird and coparion.

The company intends to use the funds to to attract new customers, recruit talent, and start offering Bitcoin accounts for businesses.

Bitwala, founded in 2015 by Jan Goslicki, Benjamin Jones and Jörg von Minckwitz, developed a platform combining a regular bank account, a Bitcoin wallet, and seamless bitcoin trading options.

Customers can buy and sell bitcoin – whether online or mobile – with fast liquidity directly from their bank account, hosted by solarisBank, a German partner bank. Bitwala charges a 1% fee for every bitcoin trade.