About BlueKite
BlueKite is a Financial Services company based in Miami (United States) founded in 1998, and was acquired by Xoom in February 2014. Cross-border bill payments and remittances. BlueKite has raised $37.5 million across 2 funding rounds from investors including Xoom, Credit Suisse and TPG. The company was acqui-hired. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance. Its competitors include Quippi and Easy Transfer; 1 of its 2 listed competitors has raised funding.
Company details
BlueKite was founded in 1998 in Miami, United States, as a web-based payments platform in the financial services sector. Operations focus on enabling U.S. users to handle bill payments for families overseas, covering utilities such as electricity, water, gas, internet, cable, mobile, and phone services. Integration with accounting systems of worldwide providers is employed, providing real-time balance access through proprietary technology.
- Headquarters Miami, United States
- Stage Acquired
- SectorsFinancial Services
- Website bluekite.com
- Social LinkedIn X
- Acquired by Xoom (Feb 2014)
Funding Insights of BlueKite
BlueKite has successfully raised a total of $37.5M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $1.5 million completed in January 2013. 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 $37.5M
- Total Rounds 2
- Last Round Series C — $1.5M
- First Round $36M
(Aug 2000)
- Investors Count 4
All 2 funding rounds of BlueKite 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 |
|---|---|---|---|---|---|
| Jan 2013 | $1.5M | Series C | – | PeopleFund | – |
| Aug 2000 | $36M | Series C | – | TPG |
5 investors in total: 5 institutional.
Investors in BlueKite
BlueKite has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Xoom, Credit Suisse and TPG.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed to growth stage tech-focused VC and PE firm investing in geographies such as the US | peoplefund.com | Miami, United States | ||
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Wealth management, asset management, and investment banking services are offered. | 1856 | credit-suisse.com | Zurich, Switzerland | |
Operates as an investment management firm handling diversified funds and portfolios. | 1998 | bayview.co.jp | Chiyoda City, Japan | |
Cross-border money transfers are enabled via banking channels. | 2001 | xoom.com | San Francisco, United States |
Investor details for BlueKite
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of BlueKite
4 dated milestones of BlueKite across 16 years, from founding to its latest funding, stage changes and deals.
- Founded BlueKite is founded.
- Funding First funding round of $36.0M.
- Funding Latest funding round, Series C, of $1.5M.
- Exit Acquired by Xoom.
Competitors of BlueKite
BlueKite has 2 listed competitors in our database, 1 of them funded. They include Quippi and Easy Transfer.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quippi.com | 2012 | San Diego, United States | $2.43M | US-Mexico cross border gift cards | ||
| easytransfer.com.cn | 2013 | Seattle, United States | Cross-border transfers for education fee payments are enabled. |
Detailed competitors of BlueKite
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- Full competitor set
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as BlueKite (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Bluekite
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Frequently Asked Questions about BlueKite
BlueKite was founded in 1998 and raised its 1st funding round 2 years after it was founded.
BlueKite is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
BlueKite is a funded company, having raised a total of $37.5M across 2 funding rounds to date. The company's 1st funding round was a Series C of $36M, raised on Aug 2000.
BlueKite was founded in 1998 in Miami, United States, as a web-based payments platform in the financial services sector. Operations focus on enabling U.S. users to handle bill payments for families overseas, covering utilities such as electricity, water, gas, internet, cable, mobile, and phone services. Integration with accounting systems of worldwide providers is employed, providing real-time balance access through proprietary technology.
BlueKite's top competitors include Quippi and Easy Transfer.
BlueKite has 5 investors. Key investors include Xoom, Credit Suisse, TPG, PeopleFund, and Bayview Asset Management.
Yes. BlueKite was acquired by Xoom in February 2014.