# OpenNode

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

- Industry: Financial Services
- Headquarters: Los Angeles, US
- Website: www.opennode.com
- Total disclosed funding: $20M
- Latest round: Series A (Feb 8, 2022)
- Investors on record: 4

## About

Based in California, US, and founded in 2018 by its CEO, Afnan R, and CTO, João Almeida, OpenNode, Inc. operates as a platform that processes bitcoin payments for e-commerce businesses. In February 2022, OpenNode, Inc. raised USD 20 million in series A funding led by new investor Kingsway Capital, with participation from other new investors including Twitter, Avon Ventures, and Fidelity Investments. As of February 2022, the company provides its services in more than 120 countries and has more than 14,000 users on its platform.

OpenNode, Inc. offers bitcoin processing infrastructure for businesses that enables payments and payouts, invoicing, conversion, and settlements. Using the platform, any business can accept or pay using Bitcoin and establish it as a payment channel. OpenNode, Inc. also provides developer-friendly application programming interfaces so its platform can be integrated into already existing software and applications with only 10 lines of code.

The company generates revenue by charging a 1% transaction fee.

OpenNode, Inc. will use the series A funding to ramp up its expansion and grow the bitcoin economy by building the future of payments.

## Funding rounds

- Series A, Feb 8, 2022, $20M — Fidelity Investments, X Corp., Kingsway Capital, Avon Ventures

## Investors

- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series A
- X Corp. — Series A
- Kingsway Capital (https://capitalatlas.ai/funds/kingsway-capital) — Series A
- Avon Ventures (https://capitalatlas.ai/funds/avon-ventures) — Series A