- Bitwala to Raise €1.5M for Bitcoin-Backed Lending Platform
- The firm has received initial commitments totaling €125,000
- BWALA Token Holders are offered an to invest at their original entry price
BERLIN, Germany – Digital asset finance company Bitwala announced plans on December 23 to raise €1.5 million in January 2026 to fund a new Bitcoin-backed credit platform, according to an email by CEO Dennis Daiber on Dec. 23, 2025.
Is it a Holiday Present?
The company stated it has already secured €125,000 in initial commitments for the project, named Boro.today.
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What is new?
Bitwala is opening a new investment round in January 2026, described as a “product round” of €1.5 million.
The capital is designated for building Boro.today, an overcollateralized credit platform enabling users to borrow USDC stablecoins against their Bitcoin holdings. Ahead of the public round, the company is inviting current investors and token holders to participate.
Funding Details
The firm has received initial commitments totaling €125,000.
In addition to the investment round, the Starknet Foundation has approved a $25,000 grant to assist with development, with a follow-on grant under discussion. Bitwala is offering a 2% reward in its token for investments that come from introductions by existing partners.
Current holders of the company’s BWALA token are being offered an opportunity to invest at their original entry price.
Product Roadmap
The concept for Boro.today was developed in October in Bali with Starknet and the XFounder accelerator team. A Minimum Viable Product (MVP) of the platform is scheduled to be presented to beta users in early 2026.
Separately, the company plans to roll out a self-custodial MPC wallet to select beta users in January 2026 for feedback, with a full launch planned for March 2026. Bitwala also announced it will begin shipping branded VISA cards to customers and BWALA token holders.
About Bitwala
Bitwala, which operates in 29 European countries, relaunched in September 2023. The company previously operated as Nuri, which filed for insolvency in mid-2022 after the Celsius network collapse. As Nuri, the firm had processed over $3 billion in transactions and served 200,000 active customers.
The intellectual property of the former Nuri banking business was acquired by CEO Dennis Daiber and Jan Goslicki, with support from UK-based Claret Capital and several angel investors. The company states its products are “Made in Germany” and “Regulated in Europe.”
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