Key Data

• Trading Name: Bitstack
• Legal Entity: Bitstack SAS
• Activities: Bitcoin Saving
• Location: France
• Regulations: registered with the Autorité des Marchés Financiers (AMF) 
• Key People: Kabir Sethi/Alexandre Roubaud
• Latest news: Bitstack
• Latest update: October , 2024

ChatGPT:

Bitstack is a European mobile application designed to simplify Bitcoin saving and investment. By linking your bank account, Bitstack rounds up your everyday purchases to the nearest euro and automatically invests the spare change into Bitcoin.

Offering

Bitstack makes it easy for people to invest in Bitcoin by automatically buying small amounts over time. The app links to your bank account and rounds up each of your purchases to the nearest euro, using the spare change to buy Bitcoin. This “round-up” feature helps you slowly grow your Bitcoin savings, which is great if you’re new to cryptocurrency. Bitstack also lets you set up regular Bitcoin purchases—daily, weekly, or monthly—if you want to invest a bit more consistently. Plus, you can buy or sell Bitcoin anytime in the app, giving you full control over your investments.

For businesses, Bitstack provides a tailored solution to optimize treasury management by adding Bitcoin to the balance sheet. Bitstack Business offers personalized support and guidance for a quick and easy setup, ensuring a secure investment process.

Regulation

Bitstack SAS is a company registered in Aix-en-Provence, France, with the business number 899 125 090. Operating under the name Bitstack, it is authorized by the French Financial Markets Authority (AMF) for buying and selling digital assets in exchange for legal currency and for securely holding digital assets for clients. The company’s office is located at 100 Impasse des Houillères, 13590 Meyreuil, France, and its AMF registration number is E2021-027.

Customer Reviews

• Trustpilot: 4,5 Stars with 360+ Reviews
• Google: 4,7 Stars with 200 Reviews

Funding

Bitstack has raised approximately $3.84 million across multiple funding rounds. In April 2023, the company secured $2.18 million in an early-stage venture capital round.

The company’s investor base includes notable firms such as Stillmark, Goodwater Capital, Soma Capital, Y Combinator, and Kima Ventures. Additionally, angel investors like Alexandre Stachtchenko have contributed to Bitstack’s funding.

Serving Industries

Bitstack serves European individuals and businesses interested in Bitcoin investment. It’s user-friendly for beginners, offering automated round-ups and recurring purchases for easy savings. For businesses, Bitstack provides guidance to integrate Bitcoin into their financial strategy.

Key People

• Kabir Sethi
• Alexandre Roubaud

Conclusion and Rating

Customer Rating: Green

Compliance Rating: Green 

In conclusion, Bitstack meets our compliance and customer service standards, meriting a positive rating. The company adheres to regulatory requirements as a registered Digital Asset Service Provider with the French Financial Markets Authority (AMF), which assures a level of oversight and security for users. Customer feedback on platforms like Trustpilot reflects satisfaction with Bitstack’s services, particularly noting the ease of use and effective Bitcoin savings tools. Given the transparent information available, compliance with regulations, and positive customer reviews, Bitstack is rated GREEM in terms of compliance and customer satisfaction.