About Bitso
Bitso is a company based in Mexico City (Mexico) founded in 2014 by Daniel Vogel.. Bitso has raised $331.35 million across 7 funding rounds from investors including Coinbase, Ripple and Monex Group. Bitso has completed 2 acquisitions, including Quedex and Unisend. Bitso offers products and services including Bitso App, Bitso Alpha, and Weekly Earnings. Bitso operates in a competitive market with competitors including Coinbase, KuCoin, Kraken, Coinsquare and Wealthsimple, among others.
- Headquarter Mexico City, Mexico
- Founders Daniel Vogel
- Stage Unicorn
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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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Products & Services of Bitso
Bitso offers a comprehensive portfolio of products and services, including Bitso App, Bitso Alpha, and Weekly Earnings. 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.
Platform for buying, selling, and trading over 60 cryptocurrencies.
App for advanced portfolio tracking and automatic trading features.
Feature to earn yields on digital assets like USDC.
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Software Development Team
95 people
Legal and Compliance
17 people
Senior Team
12 people
Finance and Accounting
9 people
Leadership Team
7 people
Human Resources and Administration
6 people
Operations Team
6 people
Sr. Team
3 people
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Funding Insights of Bitso
Bitso has successfully raised a total of $331.35M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $250 million completed in May 2021. 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 — $250.0M
- First Round First Round
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series C - Bitso | Valuation | Tiger Global Management , Coatue | |
| Dec, 2020 | Amount | Series B - Bitso | Valuation | QED Investors , Kaszek | |
| Oct, 2019 | Amount | Series A - Bitso | Valuation | Ripple |
| 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 |
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Investors in Bitso
Bitso has secured backing from 24 investors, including venture fund and institutional investors. Prominent investors backing the company include Coinbase, Ripple and Monex 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Growth equity and venture capital are applied to tech 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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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bitso
Bitso has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Quedex and Unisend. 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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Bitcoin-denominated derivatives are traded on this exchange.
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2015 | ||||
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Bitcoin and Ether are exchanged online using Mexican pesos.
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2012 |
| 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 - Bitso
| 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 |
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Bitso Comparisons
Competitors of Bitso
Bitso 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 Coinbase, KuCoin, Kraken, Coinsquare and Wealthsimple, 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 |
Cryptocurrency trading, storage, and exchange services are offered online.
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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 |
Provider of an app-based trading and exchange platform for cryptocurrency
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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 |
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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| 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 Bitso
Frequently Asked Questions about Bitso
When was Bitso founded?
Bitso was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Bitso located?
Bitso is headquartered in Mexico City, Mexico.
Who is the current CEO of Bitso?
Daniel Vogel is the current CEO of Bitso. They have also founded this company.
Is Bitso a funded company?
Bitso is a funded company, having raised a total of $331.35M across 7 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Jun 26, 2015.
What does Bitso do?
Bitso was founded in 2014 in Mexico City, Mexico. An online platform for cryptocurrency trading and exchange is operated, focusing on the digital asset sector. Users are enabled to buy and sell currencies such as Bitcoin, Ethereum, XRP, and Litecoin via web interfaces and mobile apps on iOS and Android. Market analysis charts and insights are provided as trading references. Operations are centered in Latin America with global accessibility.
What products or services does Bitso offer?
Bitso offers Bitso App, Bitso Alpha, and Weekly Earnings.
Who are Bitso's investors?
Bitso has 24 investors. Key investors include Coinbase, Ripple, Monex Group, Paradigm, and Digital Currency Group.
What is Bitso's valuation?
The valuation of Bitso is $2.2B as of May 2021.
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