About BitPay
BitPay is a company based in Atlanta (United States) founded in 2011 by Antonio Gallippi, Stephen Pair, and Tony Gallippi.. BitPay has raised $102.51 million across 6 funding rounds from investors including Aquiline Capital Partners, Menlo Ventures and Point Nine. BitPay offers products and services including Crypto App, Payment Services, and Swap Crypto. BitPay operates in a competitive market with competitors including Ripple, Coinify, RYVYL, IOTA and Zebec, among others.
- Headquarter Atlanta, United States
- Founders Antonio Gallippi, Stephen Pair, Tony Gallippi
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$102.51 M (USD)
in 6 rounds
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Latest Funding Round
$40 M (USD), Series B
Apr 02, 2018
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Investors
Aquiline Capital Partners
& 20 more
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Employee Count
Employee Count
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Products & Services of BitPay
BitPay offers a comprehensive portfolio of products and services, including Crypto App, Payment Services, and Swap Crypto. 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.
App for buying, storing, and swapping cryptocurrencies securely.
Facilitates crypto payments for bills and transactions.
Tool for exchanging cryptocurrencies at competitive rates.
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Funding Insights of BitPay
BitPay has successfully raised a total of $102.51M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in April 2018. 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 6
- Last Round Series B — $40.0M
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First Round
First Round
(07 Jan 2013)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series B - BitPay | Valuation | Aquiline Capital Partners | |
| Dec, 2017 | Amount | Series B - BitPay | Valuation | Aquiline Capital Partners |
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| May, 2014 | Amount | Series A - BitPay | Valuation | Index Ventures , Aquiline Technology Growth |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in BitPay
BitPay has secured backing from 21 investors, including venture fund and angel investors. Prominent investors backing the company include Aquiline Capital Partners, Menlo Ventures and Point Nine. 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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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward marketplace and SaaS companies.
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Founded Year | Domain | Location | |
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Growth-equity investments are targeted by the private firm Delta-v Capital.
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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 BitPay
| 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 |
Financial Statements - BitPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Bitpay Comparisons
Competitors of BitPay
BitPay 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 Ripple, Coinify, RYVYL, IOTA and Zebec, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain-based payment network for cross-border transfers is developed.
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| domain | founded_year | HQ Location |
Crypto-based payment solution for consumers and businesses
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| domain | founded_year | HQ Location |
Blockchain infrastructure is delivered for payments and banking solutions.
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| domain | founded_year | HQ Location |
Decentralized infrastructure is developed for building and securing digital interactions.
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| domain | founded_year | HQ Location |
Cryptocurrency payments and transactions are enabled through the platform.
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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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| domain | founded_year | HQ Location |
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 Bitpay
Frequently Asked Questions about BitPay
When was BitPay founded?
BitPay was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is BitPay located?
BitPay is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of BitPay?
Stephen Pair is the current CEO of BitPay. They have also founded this company.
Is BitPay a funded company?
BitPay is a funded company, having raised a total of $102.51M across 6 funding rounds to date. The company's 1st funding round was a Series A of $30M, raised on Jan 07, 2013.
What does BitPay do?
BitPay was established in 2011 in Atlanta, United States, within the cryptocurrency sector. App-based solutions are delivered for payment management, targeting individuals and businesses. Merchants are supported in accepting Bitcoin for goods and services through hosted checkout, shopping cart plugins, billing tools, and a mobile point-of-sale application. Consumers are equipped with payment cards and a digital wallet. Two-factor authentication is promoted among platform users.
What products or services does BitPay offer?
BitPay offers Crypto App, Payment Services, and Swap Crypto.
Who are BitPay's investors?
BitPay has 21 investors. Key investors include Aquiline Capital Partners, Menlo Ventures, Point Nine, Delta-v Capital, and Alvin Liu.
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