Bitpanda, a cryptocurrency exchange, has raised $263 million at a valuation of $4.1 billion

Bitpanda, one of Europe's fastest-growing fintechs, announced the completion of a $263 million Series C financing round on Tuesday.

- Valar Ventures, headed by Peter Thiel, valued the business at $4.1 billion in the round. It comes only months after Bitpanda Austria raised $170 million in a Series B round in March, valuing the company at $1.2 billion and making it Austria's first-ever digital unicorn.

- The Vienna-based investing platform plans to utilize the new funds to expand its technology, worldwide development, and growth.

- The financing included billionaire hedge fund manager Alan Howard, REDO Ventures, and previous investors LeadBlock Partners and Jump Capital.

- Bitpanda was founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer as a bitcoin exchange. Since then, it has grown to include stock, precious metals, and exchange-traded funds trading.

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