BitPay

cryptocurrency

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 17/07/2020

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About

The world leader in blockchain payment technology. Accept and send Bitcoin & cryptocurrency payments. Help: https://t.co/V1itnKlovM Press: media@bitpay.com

MEDICI Analysis

Bitpay is a payment service provider for online and brick-and-mortar stores. Bitpay handles transactions relating to bitcoin and converts those transaction into cash.

Focus

PRODUCTS & SERVICES

Payments (Bitcoin)

REVENUE MODEL

Bitpay charge 2.70% of transaction fee, as transaction processing fee

MAIN CLIENTS

Xsolla

Plenty markets

shipito.com

Heartland & etc

EXISTING PARTNERSHIPS

Adyen

Zynga

Traction

NUMBER OF TRANSACTIONS:

560 K

TRANSACTIONS VALUE:

$158.8 M

ACTIVE USERS:

0.0070

ACTIVE USERS COMMENT:

The company’s open source wallet platform has recently reached the milestone of $3 billion in monthly user payments(Dec 2017).

Momentum

FUNDED

YES

TOTAL FUNDING

$42 M

DATE OF LAST FUNDING

Apr 2018

TOTAL FUNDING COMMENT

The company is planning to use the funds for key hires in engineering and regulatory licensing, as well as expansion into emerging markets in Asia(May 2018).

SEED & PRIOR FUNDING

$2 M

SEED CLOSED ON

May 2013

FUNDING SERIES

SERIES A  · $30 M  · May 2014

SERIES B  · $10 M  · Apr 2018

LISTED

NO

Innovation Programs

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