Founded in 2018 by six students from the Polytechnic of Turin (Italy), Young Platform aims to make the world of cryptocurrencies accessible to everyone. It offers a platform of digital products and intense educational activity and dissemination of blockchain technology and its applications. In a press release published today, June 13, 2022, the startup revealed that thanks to this fundraising of 16 million euros led by the Azimut fund, it intended to accelerate its deployment in Europe, and particularly in France. .
Young Platform simplifies and makes French people’s access to cryptocurrencies fun
Nearly 8% of French people own cryptocurrencies and 30% of French people plan to acquire them, according to a study carried out by the consulting firm KPMG on behalf of the Association for the Development of Digital Assets (L’Adan). Their proportion has therefore exceeded that of holders of direct action, or 6.7% of French people, according to the Financial Markets Authority (AMF).
The startup aims to enable a whole new generation of individual investors to master the key concepts of the blockchain to enter the world of cryptocurrencies serenely, in a fun way by acquiring its digital currency, the YNG.
The platform is based on a simple promise: to value a path of discovery and experience through each product for personal and conscious growth in the world of crypto. Thanks to its mobile application, Young Platform Step allows:
- To accumulate YNG tokens (the token created by the startup) by walking and accumulating steps;
- Learn the basics of the blockchain ecosystem by taking quizzes and earning YNG for each lesson learned;
- Take control of cryptocurrency prices with charts and understand if the price will rise or fall.
Young Platform raises 16 million euros to expand in France
One year after its fundraising of 3.5 million euros from United Venture, Young Platform is accelerating its development and repeating this time with 16 million euros, thanks to the Azimut fund.
This new capital will support Young Platform’s development plans, starting with:
- the development of the team, which will grow from 41 to 110 people by the end of 2022;
- geographic expansion into new markets such as Spain and France.
Since its launch, Young Platform has 1 million users (including 100,000 in France) and claims a transaction volume of 200 million euros at the end of December 2021.
” Young Platform Step is the perfect gateway for any investor who wants to diversify with cryptocurrencies. We suffer from a significant lack of financial and technological education in France, and all the more so on blockchain technologies. Young Platform Step by developing a progressive and fun educational path allows everyone to master the basics of blockchain technologies to enable them to make rational investment decisions. More than 100,000 people already benefit from this unique approach on the market that we want to offer to as many people as possible. », explains Ambroise Hélaine, Country Manager France of Young Platform.
About Young Platform
Young Platform is a European FinTech whose mission is to demystify crypto to make digital assets accessible to a new generation of investors. The platform brings together a community of nearly 1 million people around our ecosystem of apps:
- Young Platform Step, our gamified app dedicated to self-training. With Young Platform Step, we have created a safe environment for everyone to master the basics of crypto.
- Young Platform allows users to securely trade cryptos. We have selected the safest cryptos to avoid unpleasant surprises and allow you to evolve simply.
- Young Platform Pro gives the most seasoned users access to the most advanced analysis tools and a greater selection of cryptocurrencies.
Chloe ROSSIGNOL – [email protected] – 06 23 08 11 90
Kathleen ANDRE – [email protected] – 06 16 55 43 05
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Passionate about new technologies and IT, blockchain and crypto are a field in which I have completely flourished. I am convinced that they are a crucial part of our future!