Bitpay
Latest round
- Series B
Last raised
- Feb 2018
Total raised
- $73M
Investors
- 15
About Bitpay
BitPay, Inc.Founded in 2011 in Atlanta, US, BitPay, Inc. operates as a cryptocurrency payment service provider.BitPay operates as a comprehensive cryptocurrency payment platform designed to facilitate the buying, selling, and spending of digital assets. The company's core offerings include a multi-functional cryptocurrency wallet, the HODL Pay feature—which allows users to access spending power without liquidating their assets—and a platform that supports transactions in various cryptocurrencies, including Bitcoin and Ethereum, among others. With over one million wallets created, BitPay serves a diverse clientele that includes individual consumers, businesses, and developers, enabling them to manage multiple wallets across top blockchain networks. The app also allows users to buy gift cards, pay bills—from mortgages to credit cards—and exchange thousands of crypto pairs swiftly.BitPay generates revenue primarily through transaction fees associated with its cryptocurrency payment services. When customers utilize the platform to purchase or exchange cryptocurrencies, they engage in transactions that incur a fee, which forms a significant part of the company’s income structure. This transactional model caters to both business-to-business (B2B) and direct-to-consumer markets, with businesses leveraging BitPay's services to accept crypto payments or convert assets, while individual users can directly buy and spend cryptocurrencies. The platform features various pricing plans tied to transaction volumes and the use of flagship services like HODL Pay, which enhances user engagement without necessitating the sale of crypto assets.BitPay is focused on developing new products and expanding its offerings to enhance user experience. The company plans to launch additional features for its platform, although specific release dates have not been detailed. Moreover, BitPay aims to expand into new markets, specifically targeting additional regions in Europe and Asia by the end of 2023.58 mn, finalized in February 2018, will support these initiatives, allowing for investments in technology and market outreach to facilitate its growth strategy.
Who invested in Bitpay
15 investors across 5 rounds
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Questions about Bitpay
Who invested in Bitpay?
Bitpay has 15 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Bitpay raised?
Bitpay has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Bitpay last raise money?
Bitpay's most recent round on record is a Series B, in Feb 2018.
What does Bitpay do?
Bitpay is a financial services company.
Where is Bitpay headquartered?
Bitpay is headquartered in Atlanta, US.
Which VCs invest in companies like Bitpay?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Bitpay's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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