About Bitnet
Bitnet is a company based in San Francisco (United States) founded in 2014 was acquired by Uphold in October 2016. Bitnet has raised $16 million across 2 funding rounds from investors including Uphold, Highland Capital Partners and Webb Investment Network. Bitnet operates in a competitive market with competitors including Simplex, ACINQ, Helio, CoinPayments and Coinflow, among others.
- Headquarter San Francisco, United States
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Financial Services
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People of Bitnet
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Software Development Team
29 people
Product Management Team
18 people
Leadership Team
12 people
Senior Team
7 people
Sales and Marketing
6 people
Data Analysis and Operations Team
5 people
Head Team
4 people
Finance and Accounting
4 people
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Funding Insights of Bitnet
Bitnet has successfully raised a total of $16M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.5 million completed in February 2015. 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.
Investors in Bitnet
Bitnet has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Uphold, Highland Capital Partners and Webb Investment Network.
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Venture capital firm investing in the blockchain sector
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Investor details for Bitnet
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Investments & Acquisitions by Bitnet
Investment portfolio details for Bitnet
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Financial Statements - Bitnet
Detailed financials for Bitnet
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Bitnet Comparisons
Peer comparison for Bitnet
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Competitors of Bitnet
Bitnet 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 Simplex, ACINQ, Helio, CoinPayments and Coinflow, among others.
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AI-based crypto payments and fraud prevention are provided for businesses.
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Crypto payment solutions are offered to businesses through API integration.
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Seamless crypto checkout solutions are provided for merchants.
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Cryptocurrency payments are facilitated through a merchant gateway.
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Crypto-to-fiat payment solutions are provided to web3 companies.
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Financial infrastructure is provided for crypto businesses managing global payments.
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Detailed competitors of Bitnet
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Latest news on Bitnet
Complete news archive for Bitnet
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Frequently Asked Questions about Bitnet
Bitnet was founded in 2014.
Bitnet is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Bitnet is a funded company, having raised a total of $16M across 2 funding rounds to date.
Bitnet provides a bitcoin payment gateway that enables merchants to accept bitcoin and other digital currencies as payment in exchange for goods and services. Building an industrial grade platform to provide a global payment processing service for enterprise-class merchants such as airlines, digital content publishers, retailers and marketplaces to reach consumers anywhere in the world in a cost-effective manner. Bitnet is modelled after the payments platform CyberSource. Merchants that adopt Bitnets service also integrate its application programming interface. Merchants receive their funds in up to five days. Those that elect to receive bitcoin get the currency immediately. Has customers such as CardinalCommerce Corp. Has a second office in Belfast, UK.
Bitnet's top competitors include Simplex, ACINQ and CoinPayments.
Bitnet has 11 investors. Key investors include Uphold, Highland Capital Partners, Webb Investment Network, Blockchain Capital, and Commerce Ventures.