Australian Fintech VC Reinventure Invests in Bitcoin Wallet & Exchange Service Coinbase

Fintech foused Australian VC firm Reinventure has made a strategic investment in Bitcoin wallet and exchange service Coinbase.

Coinbase announced:

One of Reinventure’s primary objectives is to create opportunities between its portfolio companies and Westpac, Reinventure’s largest investor and one of the top 15 largest banks in the world. We plan to work closely with Reinventure and share insights into the use of digital currencies globally.

Coinbase allows users to buy and sell bitcoin in 25 countries and is focused on adding new countries all the time. We look forward to working with Reinventure and bringing bitcoin to new markets around the world.

In January 2015, Coinbase received a US$75 million investment, led by Draper Fisher Jurvetson, the New York Stock Exchange, USAA, and several banks. The company also launched a Bitcoin exchange that same month.