BitPagos

paymentspayment gatewayscryptocurrency

STATUS: Closed
FOUNDING YEAR: 2013
LOCATION: Argentina
Last Update: 01/05/2020

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About

BitPagos was rebranded as Ripio in Jan 2017, it is a payment gateway that accepts bitcoin and credit card payments and pays out to merchants in local currency or bitcoins. The company offers Ripio product that provides bitcoin wallet and credit line service to Latin American customers. Using Ripio mobile app users can buy and sell bitcoins.BitPagos aims to provide financial payments solutions to businesses and merchants across Argentina, Brazil, Chile and Ecuador.

Focus

PRODUCTS & SERVICES

Credit card processing and bitcoin payments. Ripio is a bitcoin wallet & credit service for users in Latin America.

REVENUE MODEL

BitPagos charges a 5% fee to process credit card transactions to merchants, and it handles bitcoin for free

MAIN CLIENTS

Retail bitcoin customers

EXISTING PARTNERSHIPS

Entrepids

OmbuShop and many more

Traction

VALUATION / MARKET CAP:

$12.67 M in 2017

TRANSACTIONS VALUE:

$1.8 M

People

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Amasia

Barry Silbert

Boost Bitcoin Fund(BoostVC)

Digital Currency Group

Draper Associates

Fenbushi Capital

FundersClub

Huiyin Blockchain Venture

NXTP Labs

Pantera Capital

South Ventures

Tim Draper

KEY EMPLOYEES:

Sebastian Serrano(CEO); Luciana Gruszeczka(COO); Antonio Ceraso(CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$3.7 M

DATE OF LAST FUNDING

Jan 2017

SEED & PRIOR FUNDING

$1.8 M

SEED CLOSED ON

Apr 2015

SEED PRIOR FUNDING COMMENT

The company received grant $25 K from NXTP Labs Sep 2013.

FUNDING SERIES

SERIES A  · $1.9 M  · Jan 2017

LISTED

NO

BASICS

STATUS:

Closed

FOUNDING YEAR:

2013

LOCATION:

Argentina

Views:

103 VISITORS | 196 VIEWS
LATEST FUNDING ROUND

$3.7 M

TOTAL EMPLOYEES
11-50

About

BitPagos was rebranded as Ripio in Jan 2017, it is a payment gateway that accepts bitcoin and credit card payments and pays out to merchants in local currency or bitcoins. The company offers Ripio product that provides bitcoin wallet and credit line service to Latin American customers. Using Ripio mobile app users can buy and sell bitcoins.BitPagos aims to provide financial payments solutions to businesses and merchants across Argentina, Brazil, Chile and Ecuador.

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