ChainCatcher news, Bitcoin trading app Relai has completed a $12 million Series A funding round, led by Ego Death Capital, with participation from Plan B Bitcoin Fund, Timechain, and Solit Group. Relai plans to use the new funds to further expand into Europe and obtain licensing under the new Markets in Crypto-Assets (MiCA) regulation.Relai co-founder and CEO Julian Liniger stated, "Despite the challenging market conditions, our funding round was still oversubscribed. This new capital will significantly accelerate our growth and support our mission to educate and bring millions of Europeans into Bitcoin."According to RootData, Relai is an app that exclusively offers Bitcoin, accompanied by a non-custodial Bitcoin wallet, dedicated to making Bitcoin savings and investments accessible to everyone, allowing anyone to buy and sell Bitcoin in minutes without registration, verification, or deposits.

ChainCatcher news, according to Tech EU, Bitcoin investment app Relai has announced the completion of a $4.5 million funding round, led by ego death capital, with participation from Timechain, Cabrit Capital, Lightning Ventures, Redalpine, and Fulgur Ventures. Since its initial seed funding round in 2020, Relai has raised a total of $11.8 million to date.It is reported that the Relai platform allows retail investors to buy and sell Bitcoin without the need for additional registration or verification, and there are no deposit limits. The platform also enables investors to have complete control over their funds through non-custodial Bitcoin wallets. Relai plans to use the new funds to upgrade to the Bitcoin Lightning Network and launch white-label products. (source link)