About Bitwage
Bitwage is a Technology company based in San Francisco (United States) founded in 2013, and was acquired by PayStand in November 2025. Cryptocurrency-based payroll and invoicing services are provided internationally. It operates in the Technology and Financial Services sectors. Bitwage has raised $2.26 million across 2 funding rounds from investors including PayStand, BnkToTheFuture and Draper Associates. The company has 10 employees. Its website bitwage.com draws about 44 thousand monthly visits. Bitwage offers products and services including Bitwage Payroll Platform and Crypto-Powered Benefits. Its focus areas include FinTech, Cryptocurrencies, P2P Money Transfer and Blockchain Technology. Its legal entity is BITWAGE INC. Its competitors include Gusto, Justworks and Earnin; 3 of its 3 listed competitors have raised funding.
Company details
Bitwage was founded in 2013 in San Francisco, United States, within the fintech sector focused on blockchain applications. International payroll services are delivered to businesses through blockchain technology, enabling secure wage distribution. Invoicing solutions are also offered for cryptocurrency transactions. Employees can receive payments in bitcoin or local currencies and use them for purchases without requiring a bank account. Operations extend globally to support remote and distributed workforces.
- Headquarters San Francisco, United States
- Employees 10
- Stage Acquired
- SectorsTechnologyFinancial Services
- Email••••••••
- Website bitwage.com/en-us
- Social LinkedIn X Facebook
- Acquired by PayStand (Nov 2025)
- Legal Name Bitwage Inc
Products & Services of Bitwage
Bitwage offers a comprehensive portfolio of products and services, including Bitwage Payroll Platform and Crypto-Powered Benefits.
Platform for managing global payments in crypto or local currency securely.
Service allowing employees to receive wages in cryptocurrency alongside traditional methods.
Funding Insights of Bitwage
Bitwage has successfully raised a total of $2.26M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in October 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 $2.26M
- Total Rounds 2
- Last Round Seed — $1.5M
- First Round $760,000
(Nov 2015)
- Investors Count 6
All 2 funding rounds of Bitwage with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $1.5M | Seed | – | BnkToTheFuture, Draper Associates | – |
| Nov 2015 | $760,000 | Seed | – | Orange Silicon Valley, Draper Associates |
7 investors in total: 6 institutional and 1 angel.
Investors in Bitwage
Bitwage has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include PayStand, BnkToTheFuture and Draper Associates.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage technology companies receive venture capital investments. | draper.vc | San Mateo, United States | ||
Venture capital fund focused on cryptocurrency startups | bitcoincapital.io | |||
CloudMoneyVentures is focused on programmable money solutions for connectivity. | cloudmoneyventures.com | |||
Equity and rewards-based crowdfunding is provided for FinTech startups. | 2012 | bnktothefuture.com | Tsim Sha Tsui, China | |
Free platform for live football streaming, news, and match schedules. | 1999 | orangesv.com | San Francisco, United States | |
SA Saeed Amidi | Founder of Plug and Play Tech Center, active angel investor in tech startups | unknown_ffea9a12a00f4d95b | ||
Payment processing for bitcoin, e-checks, and credit cards is facilitated. | 2013 | paystand.com | San Francisco, United States |
Investor details for Bitwage
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Bitwage
14 people are tracked at Bitwage (7 in leadership, 7 in team); the tracked headcount is 10.
| Name | Role | Group |
|---|---|---|
John Lindsay | CTO & Founder | Leadership |
Frank Rodriguez | COO | Leadership |
Ramiro Raposo | VP, Growth | Leadership |
Paolo Huelgas | Chief Compliance Officer | Leadership |
Jonathan Chester | CEO & Founder | Leadership |
Sonia Chester | VP Of Product | Leadership |
Diego Martin-Adan | Vice President Of Operations | Leadership |
Luciana de Paula Soares | Compliance Officer & Lawyer | Team |
Fabiano Dias | EVP, International Business | Team |
Ana Marrodán | Sales Manager | Team |
Louis George | Software Developer / Technical PM | Team |
Raúl Ortiz | Latam Bizdev At Bitwage | Team |
Pablo Nicolás Estevez | Frontend Engineer | Team |
Joel Weise | CISO | Team |
Complete people profiles for Bitwage
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Bitwage
4 dated milestones of Bitwage across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Bitwage is founded.
- Funding First funding round of $760K.
- Funding Latest funding round, Seed, of $1.5M.
- Exit Acquired by PayStand.
Competitors of Bitwage
Bitwage has 3 listed competitors in our database, 3 of them funded. They include Gusto, Justworks and Earnin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gusto.com | 2012 | San Francisco, United States | $718.35M | 5,876 | Cloud-based HR and payroll solutions are offered for small businesses. | |
| justworks.com | 2012 | New York, United States | $147.52M | 55,459 | Benefits administration and payroll management are provided for businesses. | |
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. |
Detailed competitors of Bitwage
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- Full competitor set
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Web traffic of Bitwage
The website of Bitwage (bitwage.com) receives about 44.1K visits a month.
- Monthly visits44.1K
▲ 41.7% vs previous month
Websites whose visitors overlap most with Bitwage. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gloroots.com | 100% | 69.1K | #416,041 | View details | |
| belo.app | 99% | 127.6K | #300,010 | View details | |
| cobre.co | 99% | 363.1K | #129,935 | View details | |
cambiasaldo.com | cambiasaldo.com | 93% | #5,325,829 | – | |
request.finance | request.finance | 90% | #660,871 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Bitwage
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- 10 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Bitwage (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Bitwage
Complete news archive for Bitwage
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Frequently Asked Questions about Bitwage
Bitwage was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Bitwage is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Bitwage is a funded company, having raised a total of $2.26M across 2 funding rounds to date. The company's 1st funding round was a Seed of $760K, raised on Nov 2015.
Bitwage has 10 employees.
Bitwage was founded in 2013 in San Francisco, United States, within the fintech sector focused on blockchain applications. International payroll services are delivered to businesses through blockchain technology, enabling secure wage distribution. Invoicing solutions are also offered for cryptocurrency transactions. Employees can receive payments in bitcoin or local currencies and use them for purchases without requiring a bank account. Operations extend globally to support remote and distributed workforces.
Bitwage offers Bitwage Payroll Platform and Crypto-Powered Benefits.
Bitwage has 7 investors. Key investors include PayStand, BnkToTheFuture, Draper Associates, Orange Silicon Valley, and Bitcoin Capital.
Bitwage operates through Bitwage Inc.
Yes. Bitwage was acquired by PayStand in November 2025.