French crypto-banking fintech Deblock has secured €30 million in a Series A funding round to scale its fully on-chain banking model beyond France, with plans to enter the German market. The investment was led by Speedinvest, with strong participation from CommerzVentures, Latitude, and existing investors including 20VC, Headline, Chalfen Ventures, and Kraken Ventures.
Deblock, launched in France in April 2024, has rapidly gained traction, crossing 300,000 users in under two years. The platform combines a regulated euro account with a self-custodied crypto wallet, allowing users to manage fiat and crypto in one interface, trade over 100 cryptocurrencies, and perform tasks like online payments and cross-border transfers. By operating fully on-chain, it eliminates custodial risks and emphasizes user control.
The company is regulated as an Electronic Money Institution under the Banque de France/ACPR and is the first fintech to receive a full MiCA license from France's AMF, positioning it as a compliant leader in Europe's crypto banking space. With the new capital, Deblock will focus on expanding into Germany, building a local team, adding German-language support, and adapting to regional regulations to tap into Europe's growing digital finance market.
Investors highlighted Deblock's role in advancing digital finance. Tom Filip Lesche, partner at Speedinvest, stated that platforms like Deblock define the "third generation" of finance, merging banking with programmable blockchain infrastructure. Paul Morgenthaler of CommerzVentures noted it "bridges the worlds of crypto and traditional banking," while Julian Rowe of Latitude praised its seamless user experience, saying the industry has "waited more than a decade" for such a product.
