# BlueKite

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

- Industry: Software
- Headquarters: Pompano Beach, US
- Website: www.bluekite.com
- Total disclosed funding: $36M
- Latest round: Series C (Aug 1, 2000)
- Investors on record: 3

## About

BlueKite, Inc. is a digital payment platform that specializes in providing cross-border remittance solutions, enhancing financial access for users globally.Founded in Pompano Beach, US, BlueKite, Inc. focuses on facilitating international money transfers. The company was acquired by Xoom Corporation in February 2014 for USD 15.00 mn. The acquisition aimed to bolster Xoom's capabilities in the digital remittance arena, aligning with their strategy to expand their service offerings in the financial technology sector.BlueKite specializes in digital payment solutions, particularly in the realm of cross-border remittances. The platform integrates technology to provide users, primarily in underserved markets, with seamless access to financial services. Their offerings include easy-to-use online tools for sending money internationally, designed to cater to individuals seeking reliable and efficient transfer options.BlueKite's revenue model is based on transaction fees from its cross-border payment services, primarily focusing on B2B transactions. The company engages clients through a subscription model, enabling ongoing access to their remittance solutions. Revenue generation is supported by a high volume of transactions, as users leverage their services for international money transfers.Following the acquisition by Xoom Corporation, BlueKite aims to enhance its platform with new features and services targeting emerging markets. The funds from the recent acquisition will be utilized to develop advanced technology solutions, improving user experience and expanding their customer base. The company plans to roll out its enhanced services in the Latin American market by the end of 2015, focusing on further integration with local financial networks.

## Funding rounds

- Series C, Aug 1, 2000, $36M — GCM Grosvenor, TPG, Bayview 2000

## Investors

- GCM Grosvenor — Series C
- TPG (https://capitalatlas.ai/funds/tpg) — Series C
- Bayview 2000 — Series C