About Bitsimple
Bitsimple is a company based in Wilmington (United States) founded in 2012.. Bitsimple has raised $600 thousand across 1 funding round. Bitsimple operates in a competitive market with competitors including CoinMama, LibertyX, Azteco, Bitcoin Australia and Expresscoin, among others.
- Headquarter Wilmington, United States
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Sectors
Financial Services
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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
$600 K (USD)
in 1 rounds
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Latest Funding Round
$600 K (USD), Seed
Jan 20, 2014
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Investors
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Employee Count
Employee Count
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Funding Insights of Bitsimple
Bitsimple has successfully raised a total of $600K through 1 strategic funding round. The most recent funding activity was a Seed round of $600 thousand completed in January 2014. 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 1
- Last Round Seed — $600,000
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First Round
First Round
(20 Jan 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2014 | Amount | Seed - Bitsimple | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Bitsimple
| 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 - Bitsimple
| 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 |
Bitsimple Comparisons
Competitors of Bitsimple
Bitsimple 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 CoinMama, LibertyX, Azteco, Bitcoin Australia and Expresscoin, 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 |
Cryptocurrencies are bought and sold via an online platform.
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| domain | founded_year | HQ Location |
Bitcoin ATMs at retail stores
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| domain | founded_year | HQ Location |
Bitcoin vouchers are sold through cash-based retailer networks.
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| domain | founded_year | HQ Location |
Cash-based Bitcoin buying and selling services are offered in Australia.
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| domain | founded_year | HQ Location |
Online Bitcoin reseller.
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| domain | founded_year | HQ Location |
Bitcoins are bought and sold for cash by Australians only.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Bitsimple
When was Bitsimple founded?
Bitsimple was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Bitsimple located?
Bitsimple is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Is Bitsimple a funded company?
Bitsimple is a funded company, having raised a total of $600K across 1 funding round to date. The company's 1st funding round was a Seed of $600K, raised on Jan 20, 2014.
What does Bitsimple do?
Bitsimple was established in 2012 in Wilmington, United States, as a direct Bitcoin brokerage platform operated by Tangible Cryptography. Bitcoin transactions were enabled directly from users wallets using fiat currency, bypassing traditional exchanges. Rates were set within 1 to 2 of the CoinDesk Bitcoin Price Index. Services were restricted to United States residents, though the website ceased functionality by June 2016.
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