Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

"We’re on track to be Europe’s leader." Can Bitstack deliver on their promises?

17 Jan 2025 · 1 min

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This content was created by Tim Draper. This content was uploaded by Tim Draper. This is a YouTube video titled “We’re on track to be Europe’s leader. Can Bitstack deliver on their promises?” (created 2025-01-17T07:30:02+00:00). The excerpt is a short multi-speaker discussion (SPEAKER A / B / C) about Bitstack and competing apps like Acorn, covering the round-up/“salami” savings technique, Bitstack’s regulatory status in France (one of the first fully regulated firms with the French Financial Markets Authority), rapid leadership in France in under two years, plans to become Europe’s leader within two years and then expand globally, and an imminent announcement about a major French banking partner. Thumbnail URL provided in metadata.

Now, couldn't Acorn just do this? They're doing that same thing. They're correct. They're taking people's change and putting it away for a rainy day.
Yeah. What stops somebody else from doing exactly what you're doing? The same salami technique, rounding up.
So here's the deal. In Europe, it's a very regulated market. So we're actually one of the first few companies that are fully regulated here in France with the equivalent of the SEC, so the Financial Markets Authority. We've become the leader in less than two years in France.
We're on track to be the leader in Europe over the next 2 years, and then we'll go for global expansion after that.
I wish I could share more details with them, but there's something very exciting that we'll announce very soon. We have our first partner who's one of the largest financial institutions in France. So I wish I could tell them more about that, but I guess they'll have to wait for the news to come out.