# bitFlyer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitflyer

- Industry: Financial Services
- Headquarters: Tokyo, Japan
- Website: www.bitflyer.com/
- Total disclosed funding: $27M
- Latest round: Series C (Apr 25, 2016)
- Investors on record: 2

## About

Based in Japan, bitFlyer, Inc. operates as a comprehensive cryptocurrency exchange, facilitating the trading and management of digital assets for a diverse range of clients.Founded in 2014, bitFlyer, Inc. is headquartered in Tokyo, Japan, and specializes in cryptocurrency exchanges. The company has completed a total of 6 deals, with its most recent funding round occurring on February 14, 2017, where it raised JPY 200 million from investors Mizuho Capital and Sumitomo Mitsui Financial Group. Andrea Shaw serves as the CEO of the firm.bitFlyer operates as a comprehensive cryptocurrency exchange, providing a suite of products and services designed to facilitate the buying, selling, and trading of various digital assets. Its core offerings include a user-friendly trading platform that supports popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, with investments starting as low as USD 1. The exchange caters to both individual investors and institutional clients, allowing customers to execute complex order types and automate their investment strategies through features like recurring purchases. Additionally, bitFlyer has established itself in key geographical markets, including the United States, Japan, and Europe, making it accessible to a global clientele while ensuring compliance with local regulations. The platform is designed to meet the needs of both novice traders and experienced investors, providing tools for real-time market data and news to enhance investment decision-making.bitFlyer's revenue model primarily revolves around transaction fees associated with trades executed on its platform. The exchange adopts a competitive fee structure starting at 10 basis points, applicable to both retail and institutional transactions. The firm reported a revenue of USD 45.74 mn for the year 2023. Customers engage with the platform by creating accounts and executing trades, with fees charged based on the volume of transactions conducted. bitFlyer also generates revenue through its APIs, enabling users to execute complex order types tailored to their trading strategies, and offers services such as asset custody.bitFlyer plans to leverage its recent funding of JPY 200 million raised in February 2017 to enhance its product offerings and expand its market presence. The company is focusing on designing new products that cater to emerging trends in the cryptocurrency space and is targeting expansion into new markets in Asia and Europe by 2025. The funding will support the development of these initiatives, ensuring that bitFlyer remains competitive in the evolving digital asset landscape.

## Funding rounds

- Series C, Apr 25, 2016, $27M — SBI Investment, Venture Labo Investment

## Investors

- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series C
- Venture Labo Investment (https://capitalatlas.ai/funds/venture-labo-investment) — Series C