About Bitwage
Bitwage is a company based in San Francisco (United States) founded in 2013 was acquired by PayStand in November 2025.. Bitwage has raised $2.26 million across 2 funding rounds from investors including PayStand, BnkToTheFuture and Draper Associates. The company has 10 employees as of December 31, 2022. Bitwage offers products and services including Bitwage Payroll Platform and Crypto-Powered Benefits. Bitwage operates in a competitive market with competitors including Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
- Headquarter San Francisco, United States
- Employees 10 as on 31 Dec, 2022
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Sectors
TechnologyFinancial 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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- Legal Name Bitwage Inc
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Products & Services of Bitwage
Bitwage offers a comprehensive portfolio of products and services, including Bitwage Payroll Platform and Crypto-Powered Benefits. 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 managing global payments in crypto or local currency securely.
Service allowing employees to receive wages in cryptocurrency alongside traditional methods.
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $1.5M
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First Round
First Round
(19 Nov 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2021 | Amount | Seed - Bitwage | Valuation | BnkToTheFuture , Draper Associates |
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| Nov, 2015 | Amount | Seed - Bitwage | Valuation | Orange Silicon Valley , Draper Associates |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 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. 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 technology companies receive venture capital investments.
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Venture capital fund focused on cryptocurrency startups
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CloudMoneyVentures is focused on programmable money solutions for connectivity.
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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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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 Bitwage
| 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 - Bitwage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Bitwage Comparisons
Competitors of Bitwage
Bitwage 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 Gusto, Justworks, Earnin, Paylocity and Payflow, 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 |
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll management solutions are offered.
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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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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 Bitwage
Frequently Asked Questions about Bitwage
When was Bitwage founded?
Bitwage was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Bitwage located?
Bitwage is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Bitwage a funded company?
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 19, 2015.
How many employees does Bitwage have?
As of Dec 31, 2022, the latest employee count at Bitwage is 10.
What does Bitwage do?
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.
Who are the top competitors of Bitwage?
What products or services does Bitwage offer?
Bitwage offers Bitwage Payroll Platform and Crypto-Powered Benefits.
Who are Bitwage's investors?
Bitwage has 7 investors. Key investors include PayStand, BnkToTheFuture, Draper Associates, Orange Silicon Valley, and Bitcoin Capital.
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