Crypto-banking fintech Deblock has announced that it has raised €30 million in a Series A round led by Speedinvest, with participation from CommerzVentures and Latitude. Existing investors Shapers, Headline, Chalfen Ventures and Kraken Ventures also participated in the round.
The new capital raised by the company, founded in France by former Revolut and Ledger executives Aaron Beck, Adriana Restrepo, Jean Meyer and Mario Eguiluz (pictured), will enable Deblock to expand in Europe, with the aim of entering Italy in 2026.
Deblock is the first fully on-chain European banking platform, combining the security and transparency of a traditional financial institution with the flexibility of autonomous on-chain custody. Thanks to the integration of a euro current account and a personal, user-owned crypto wallet, the platform allows users to manage, invest and spend both fiat currencies and digital assets from a single interface. Users can make daily payments, invest, save via Vaults and access DeFi services while maintaining total control of their funds, unlike solutions based on centralised custody.
Deblock is authorised as an electronic money institution (EMI) by the Banque de France/ACPR and was the first fintech company to obtain a MiCA (markets in crypto-assets) licence from the Autorité des Marchés Financiers (AMF).
Since its launch in France in April 2024, Deblock has exceeded 300,000 customers: this success confirms the growing demand for a new banking experience that combines usability, security and direct control of digital assets through self-custody.
Building on these results, Deblock is now expanding internationally, with the aim of reaching Italy in 2026, where the company currently has a base of over 5,000 early adopters, and making it one of its key European markets in the coming years. The development plan includes the complete localisation of the app and customer experience, as well as the creation of a local team dedicated to market growth and user support in Italian.
“Italy represents a natural step in the company’s international expansion,” explains Jean Meyer, co-founder and CEO of Deblock, in a statement. “The Italian fintech market still offers significant room for development compared to other more mature European contexts. such as those of the Benelux countries or the Nordic countries, establishing itself among the most dynamic and fertile countries on the continent.
“We were impressed by the speed and precision with which the Deblock team implements its vision,” says Tom Filip Lesche, partner at Speedinvest. “The second generation of financial services has been defined by mobile-first neobanks, which are still based on legacy infrastructure, however. . Deblock represents the next wave: programmable, user-controlled on-chain platforms that combine bank-grade compliance, modern fintech UX and blockchain architecture.
Paul Morgenthaler, managing partner at CommerzVentures, adds: “Deblock connects the crypto world and traditional banking, making digital assets as usable as euros without requiring users to understand complex protocols. This opens up decentralised finance to a wider audience while maintaining full regulatory compliance.”
“Deblock seamlessly integrates cryptocurrencies alongside the money consumers already use, within a single innovative app. We have been waiting over a decade for an app like this to be developed, and the speed and precision of the team are exceptional,” concludes Julian Rowe, partner at Latitude.
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