Relai Story
Julian joined forces with Adem. The young team started working on an idea of a hassle-free Bitcoin app at the F10 hackathon in Zurich, Switzerland.
After months of sweat, blood, and tears, the Relai app hit the app stores. We finished the year with a total trading volume of CHF 2 million.
Raised CHF 2.5 million in Series A, launched Relai 2.0 with lower fees, more features, and a simplified interface. We reached 50,000 app downloads.
Added new instant payment options, including VISA, Mastercard, Apple Pay and Google Pay. We reached 100,000 app downloads and $100 Million lifetime trading volume.
Raised USD 4.5 million to strengthen our position as the leading retail bitcoin-only on-ramp in Europe. We launched Relai Business and added zero-fee trading. Reached 250,000 app downloads and doubled our revenue year-on-year.
Launched a self-custodial Lightning wallet in the Relai app. We reached 400,000 app downloads, and won “Best Crypto Startup” at the 2024 Swiss Crypto Awards.