About bitFlyer
bitFlyer is a company based in Chiba (Japan) founded in 2014 by Yoshio Hirako, Takafumi Komiyama, and Yuzo Kano was acquired by ACA Group in April 2022.. bitFlyer has raised $36.61 million across 7 funding rounds from investors including SMFG, Digital Currency Group and ACA Group. The company has 15 employees as of December 31, 2022. bitFlyer has completed 1 acquisition, including Liquid. bitFlyer offers products and services including bitFlyer Exchange, Recurring Buy, and Deposit with PayPal. bitFlyer operates in a competitive market with competitors including Coinsquare, Kraken, KuCoin, Bitso and Coinbase, among others.
- Headquarter Chiba, Japan
- Employees 15 as on 31 Dec, 2022
- Founders Yoshio Hirako, Takafumi Komiyama, Yuzo Kano
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Bitflyer Usa, Inc.
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Products & Services of bitFlyer
bitFlyer offers a comprehensive portfolio of products and services, including bitFlyer Exchange, Recurring Buy, and Deposit with PayPal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure platform for buying and selling cryptocurrencies with low fees.
Automated system for scheduled crypto purchases and portfolio growth.
Easy EUR deposit method using PayPal for funding accounts.
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Funding Insights of bitFlyer
bitFlyer has successfully raised a total of $36.61M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $1.75 million completed in February 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $1.8M
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First Round
First Round
(10 Jun 2014)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2017 | Amount | Series C - bitFlyer | Valuation |
investors |
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| Apr, 2016 | Amount | Series C - bitFlyer | Valuation | Venture Labo , SBI Investment |
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| Aug, 2015 | Amount | Series B - bitFlyer | Valuation | Mitsubishi UFJ Capital , MSIG |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in bitFlyer
bitFlyer has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include SMFG, Digital Currency Group and ACA Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Venture capital funds are managed to support unlisted companies' growth.
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Founded Year | Domain | Location | |
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Venture capital is invested in AI, energy, and various sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by bitFlyer
bitFlyer has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Liquid. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Digital assets are exchanged through an online platform.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - bitFlyer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitflyer Comparisons
Competitors of bitFlyer
bitFlyer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coinsquare, Kraken, KuCoin, Bitso and Coinbase, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital assets are bought, sold, and traded on Coinsquare.
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| domain | founded_year | HQ Location |
Provider of an app-based trading and exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and traded via this exchange platform.
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| domain | founded_year | HQ Location |
Cryptocurrencies are traded and exchanged through an online platform.
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| domain | founded_year | HQ Location |
Cryptocurrency trading, storage, and exchange services are offered online.
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bitflyer
Frequently Asked Questions about bitFlyer
When was bitFlyer founded?
bitFlyer was founded in 2014.
Where is bitFlyer located?
bitFlyer is headquartered in Chiba, Japan. It is registered at Chiba, Chiba, Japan.
Who is the current CEO of bitFlyer?
Yoshio Hirako is the current CEO of bitFlyer. They have also founded this company.
Is bitFlyer a funded company?
bitFlyer is a funded company, having raised a total of $36.61M across 7 funding rounds to date. The company's 1st funding round was a Series B of $4M, raised on Jun 10, 2014.
How many employees does bitFlyer have?
As of Dec 31, 2022, the latest employee count at bitFlyer is 15.
What does bitFlyer do?
Founded in 2014 in Chiba, Japan, bitFlyer operates as an online platform in the cryptocurrency sector. Bitcoin transactions are enabled through encrypted networks, with services for buying, selling, and trading digital assets. A blockchain explorer is included for transaction tracking, alongside crowdfunding options for cryptocurrency investments. Operations focus on secure exchanges within the global crypto market.
Who are the top competitors of bitFlyer?
What products or services does bitFlyer offer?
bitFlyer offers bitFlyer Exchange, Recurring Buy, and Deposit with PayPal.
How many acquisitions has bitFlyer made?
bitFlyer has made 1 acquisition, including Liquid.
Who are bitFlyer's investors?
bitFlyer has 16 investors. Key investors include SMFG, Digital Currency Group, ACA Group, MUFG Campus, and Mizuho.
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