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To transform how businesses and people send, receive, and store money around the world.
BitPay provides an mobile application for the buying, storage, trading, and spending of cryptocurrencies such as Bitcoin and Ethereum. Its all-in-one approach is what has allowed it to stand out in the space, where users traditionally required different platforms to purchase, store, and use their cryptocurrencies.
The company achieved this all-in-one functionality by providing the BitPay debit card for the storage of cryptocurrencies, which allows users to spend anywhere just as they would with traditional currencies. The platform also facilitates the earning of cashback rewards, and is continually receiving new features such as BitPay Bill Pay, a solution that allows cryptocurrency users to pay bills directly from their crypto wallets.
Whilst many businesses are now providing ways to invest in cryptocurrency, BitPay has made a name for itself as the first and most experienced company in bitcoin payments, which still remains the most popular cryptocurrency on the market. With its proven record of staying up-to-date with what users want, there is no reason the company won't continue its success into the future.
Freddie
Company Specialist at Welcome to the Jungle
Jul 2021
$1.8m
SERIES B
Apr 2018
$40m
SERIES B
This company has top investors
Stephen Pair
(CEO & Co-founder)Senior Software Engineer and Development Manager for IBM from 2006 to 2011.
Tony Gallippi
(Co-founder)Experience as Regional Sales Manager for Industrial Devices Corporation. Was District Sales Manager for Aerotech from 2001 to 2013.