Fazil is a Getxo-based fintech that runs Fazil Crypto, a mobile app for buying, selling and holding more than 250 cryptocurrencies, with investments starting at €1. It is aimed at retail users in Spain. The company operates through Basque Pay, S.L. It is registered with the Bank of Spain, and in April 2026 it received its own MiCA authorisation from the CNMV. It earns trading fees, and its custody and liquidity infrastructure is provided by Bit2Me. Fazil was founded in Bizkaia in 2020 and first launched Fazil Pay, a digital-only neobank for younger users. Fazil Pay offered a free account and a Visa debit card that worked with Apple Pay and Google Pay. Within its first year it had more than 5,000 cardholders and over €13 million in transaction volume. The company then moved into crypto with Fazil Crypto at the end of 2023. Fazil raised a €185,000 pre-seed round in March 2021 through Crowdfunding Bizkaia, which closed in one hour. It also received support from the Swiss fintech accelerator Tenity and raised a further equity crowdfunding round on Crowdcube in 2023.
Founders
Global models 5
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Investors 4
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Funding rounds 2
| Date | Round | Amount | Lead |
|---|---|---|---|
| 2023-05 | Seed | approximately €214K |
Lead not disclosed
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| 2021-03-18 | Pre-seed (estimated) | approximately €185K |
Lead not disclosed
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News 3
Open as list →| Published | Article |
|---|---|
| 2026-04-14 |
Fazil Crypto achieves the MiCA license from the CNMV to operate with crypto-asset services ↗
Demócrata
2026-04-14 |
| 2023-12-21 |
Fazil Crypto is Created with Bit2Me to Simplify the Entry of Users into the Crypto Sector ↗
Born2Invest
2023-12-21 |
| 2023-06-06 |
Fazil Neobank anuncia su próxima ronda de inversión colectiva en Crowdcube ↗
mentorDay
2023-06-06 |