French crypto-banking startup Deblock has secured €30M in Series A funding round led by Speedinvest, alongside CommerzVentures and Latitude. Existing backers, including Shapers, Headline, Chalfen Ventures, and Kraken Ventures, also participated in this round. 

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The startup aims to use this capital to expand across Europe, starting with Germany. 

Founded by ex-Revolut and Ledger execs

Founded by former Revolut and Ledger executives Aaron Beck, Adriana Restrepo, Jean Meyer, and Mario Eguiluz, Deblock claims to be Europe’s first fully on-chain banking solution. According to the company, it offers a combination of everyday banking with on-chain self-custody wallets. 

The company’s core proposition is unifying a Euro current account with a personal, self-owned crypto wallet. This allows users to hold and use both fiat and digital assets within a single platform.

Customers gain access to everyday payments, investments, savings with Vaults, and direct access to decentralised financial DeFi services, while maintaining full control over their funds. 

Deblock is regulated as an Electronic Money Institution (EMI) by the Banque de France/ACPR and claims to be the first fintech to receive a Markets in Crypto-Assets (MiCA) licence from the Autorité des Marchés Financiers (AMF).

According to Deblock, this funding round “follows exceptional growth”. Since its launch in France in April 2024, Deblock has amassed over 300,000 customers. 

Deblock to unlock Germany 

The company plans to capitalise on this momentum and is preparing to enter Germany to cater to a broader European audience, which will become its second core market. 

Deblock will strengthen its German team and invest in product localisation and German-speaking customer support operations. 

“With a strong footprint in our home market France, Germany is the perfect starting point for our ambitious European expansion,” says Jean Meyer, Co-founder and CEO of Deblock. 

“Our goal is to create a clear and secure way to use both euros and digital assets in everyday life – and these markets are critical to defining the future of on-chain banking in Europe,” he adds. 

Meet the investors

Speedinvest is an early-stage venture capital firm with more than €1B AuM. It has a portfolio of over 300 companies, including Bitpanda, GoStudent, Wayflyer, Open, and CoachHub.

“What stood out to us was how focused and fast the Deblock team executes,” says Tom Filip Lesche, Partner at Speedinvest. “The second generation of financial services was defined by neobanks that were mobile-first but still built on legacy rails. Deblock represents the next wave: On-chain platforms that are programmable and user-controlled, harnessing banking-grade compliance, modern fintech UX and Blockchain architecture.”

Founded in 2014, CommerzVentures is a specialised fintech investor with assets under management of €550M. It backs early and growth-stage companies in the areas of fintech, insurtech and climate fintech.

Based in London, Latitude is Phoenix Court Group’s fund for founders and teams that have hit the breakout stage. It supports companies from Series A through growth-stage, with companies such as Tide, Copper and Wise in its portfolio.