Bitpanda to Invest 10M in Technology & innovation Hub in Poland Creating 300 Jobs
The Bitpanda Technology & Innovation Hub will employ 300 highly-talented professionals across a wide range of engineering skills.
- The Bitpanda Tech & Innovation Hub will develop innovative and challenging projects, redefining the status quo in finance and vouching for transparency in investing. The unit will be led by Co-Founder and CTO, Christian Trummer.
- After securing the largest Series A funding round earlier this year, Bitpanda is gearing up its engineering team to further innovate the fintech landscape by soon offering stocks and ETFs, essentially democratizing access to the whole financial world.
LONDON 16th December 2020: Bitpanda, a leading European digital investment platform, announced today that it plans to invest €10M in Poland over the next few years to establish a world-class Technology & Innovation Hub in Krakow, in the heart of the Malopolska region.
The Hub is planned to employ a team of 300, doubling Bitpanda’s current size, which currently has 280 full-time employees representing 50 nations at its headquarters in Vienna, Austria. Bitpanda’s investment will contribute to Poland’s vibrant tech ecosystem and create an important boost to the local economy in the pandemic downturn.
Eric Demuth, Co-Founder, and CEO of Bitpanda, said: “Bitpanda is solving challenges to accelerate the democratization of investments. To stay ahead of the curve, we need to make sure we employ the best talent in all areas of our operations while we’ve set our mind on building opportunities for real product innovation across Europe.”
Describing Poland as an innovative and entrepreneurial country that has skilled and top-notch qualified tech talent, Demuth added: “Placing Bitpanda’s first Technology & Innovation Hub in Krakow, with its globally-renowned developers, an exciting local tech scene and geographical proximity to Vienna, was a pretty clear choice for us. It’s the best asset to attracting the right talent who can help Bitpanda pursue innovation of the highest standard.”
Christian Trummer, Co-Founder and CTO of Bitpanda, said: “While staying true to our goal of tearing down financial barriers, innovating with speed in a more nimble and proactive manner is just as critical as looking at Bitpanda’s assets through a different and forward-looking lens as the company gains momentum.
I’m confident that we will be able to attract the most skilled professionals from the whole region, running from Backend Developers, Software, Machine Learning, and QA Engineers to Product Owners and Scrum Masters.“
The investment in the Technology & Innovation Hub will further boost the expansion of the neobroker. This move was made possible by Bitpanda securing a $52 million Series A financial round, led by Peter Thiel’s Valar Ventures and other high-profile fintech investors including Speedinvest in September 2020. It was the largest Series A funding round in Europe this year, which placed Bitpanda at the very top of fintech names.
Scaling Across Europe
Currently doubling revenue annually with over 1.5 million users, Bitpanda has established itself as Europe’s leading platform for trading digital assets and precious metals. Through its desktop site and mobile apps, users have access to more than 50 investment assets such as cryptocurrencies and precious metals backed by state-of-the-art technology quickly, easily, and securely.
This week, Bitpanda introduced Polish language versions across its services, making it easier for local users to invest with the platform. This reflects once more Bitpanda’s growing international footprint after entering new markets in France, Spain, Turkey, and Italy earlier this year.