Nordic Bitcoin broker Prasos raises €2.5 million to fund expansion

Finnish investment firm Prasos raised €2.5 million in equity funding in record time, which it plans to use to expand in Europe and to develop cryptocurrency-based investment services for traditional investors.

Prasos CEO, Henry Brade, commented: “We have a very positive view of the future of our sector and expected the round to be successful, but the reception that we received in the market exceeded all our expectations. The general interest towards cryptocurrencies has increased significantly, but the current services are not very user friendly. We have invested heavily in the security of our services and we want to make the investment procedure as easy as possible for regular investors entering the market. The sector is quite complex especially for non tech-savvy investors and therefore the development of a traditional investment product that combines the cryptocurrency market and our knowledge about the different technologies is very interesting and has clear demand.”