About Bitt
Bitt is a company based in Bridgetown (Barbados) founded in 2014 was acquired by Medici Ventures in October 2020. Bitt has raised $24.5 million across 4 funding rounds from investors including Medici Ventures, Avatar Securities and Medici Ventures. Bitt offers products and services including DCMS and Advisory Services. Bitt operates in a competitive market with competitors including Ripple, BitPay, Coinify, IOTA and Zebec, among others.
- Headquarter Bridgetown, Barbados
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Bitt Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$24.5 M (USD)
in 4 rounds
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Latest Funding Round
$3 M (USD), Series A
Mar 08, 2018
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Investors
Medici Ventures
& 2 more
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Employee Count
Not available
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Acquired by
Medici Ventures
(Oct 28, 2020)
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Products & Services of Bitt
Bitt offers a comprehensive portfolio of products and services, including DCMS and Advisory Services.
System for managing CBDC transactions and blockchain integrations
Guidance on digital currency strategies and deployments
People of Bitt
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Funding Insights of Bitt
Bitt has successfully raised a total of $24.5M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in March 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.
Investors in Bitt
Bitt has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Medici Ventures, Avatar Securities and Medici Ventures.
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Medici Ventures is focused on advancing blockchain technology.
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Avatar Securities is recognized as a proprietary trading firm.
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Investor details for Bitt
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Investments & Acquisitions by Bitt
Investment portfolio details for Bitt
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Financial Statements - Bitt
Detailed financials for Bitt
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- Profit trends
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Bitt Comparisons
Peer comparison for Bitt
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Competitors of Bitt
Bitt 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, BitPay, Coinify, IOTA and Zebec, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Blockchain-based payment network for cross-border transfers is developed.
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Crypto payments are managed via apps for users and merchants.
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Crypto-based payment solution for consumers and businesses
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Decentralized infrastructure is developed for building and securing digital interactions.
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Cryptocurrency payments and transactions are enabled through the platform.
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Blockchain infrastructure is delivered for payments and banking solutions.
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Detailed competitors of Bitt
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Latest news on Bitt
Complete news archive for Bitt
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Frequently Asked Questions about Bitt
Bitt was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Bitt is headquartered in Bridgetown, Barbados.
Bitt is a funded company, having raised a total of $24.5M across 4 funding rounds to date.
Bitt was established in 2014 in Bridgetown, Barbados, as a digital asset exchange in the cryptocurrency sector. Operations include a high-frequency trading platform and banking facilities that accommodate multiple major international fiat currencies. Services focus on secure trading and financial integration across the Caribbean region and beyond, supporting global users in asset management.
Bitt offers DCMS and Advisory Services.
Bitt has 3 investors. Key investors include Medici Ventures, Avatar Securities, and Medici Ventures.