BitPay

 

Founded in 2011, it is based in Alpharetta, GA, and employs around 150 people. It operates in Digital Assets and Payment Technologies.

What is Bitpay?

Developer of a blockchain payments technology platform designed for secure Digital asset payment acceptance, savings, and spending. The company's platform offers a suite of software tools and makes it easy to accept Digital asset payments, enabling businesses to collect payments over a peer-to-peer payment network, enabling bitcoin users to turn Digital Assets into any currency for use with Visa merchants.

How does Bitpay work?

BitPay keeps signing up interesting brands for its services: Gucci, Camper & Nicholson (yachts), Uber Eats, Hublot, Tag Heuer, Vueling, and Apple in the last 90 days. The list of companies and stores accepting cryptocurrency via BitPay is very impressive: https://bitpay.com/directory

Who owns Bitpay?

Ripple, G Squared, Menlo Ventures, Digital Currency Group, Founders Fund, Virgin & Richard Branson

Bitpay stock

Bitpay stock price source: IPO CLUB Valuation at Market©

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Most Recent Financing Status

Argo Ventures, James Sowers, 10X Capital and LaunchCode Capital (early-stage investors) sold their stake in the company to an undisclosed buyer. Previously, the company raised $1.8 million of venture funding from IPO Hunt, Gaingels and K2 Global in February 1, 2021. Based on their recent round of financing in February 21st 2018, BitPay has a post-money valuation of approximately $388M.

Latest news

Sep 2023: Bitpay introduces XRP

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