Blockchain payments technology platform BitPay announced today that it is raising $30M in a strategic Series B funding round led by Aquiline Technology Growth (ATG), a fund managed by Aquiline Capital Partners that invests in early- and growth-stage financial technology companies.
“We’re proud of our team’s work to grow BitPay’s impact and revenues to this point,” said BitPay CEO Stephen Pair. “We’ve been able to solve some of our customers’ biggest payment problems, from multimillion dollar B2B payments to day to day expenses. Continually improving our customers’ experience with BitPay is a priority for us as we plan our next steps for product development.”
BitPay’s platform gives businesses and individuals powerful tools for secure blockchain payment acceptance, savings, and spending. In 2017, the company has achieved a record year for merchant payment processing on the Bitcoin blockchain, now approaching $2 billion in annualized payment volumes. BitPay’s open source wallet platform has seen growing consumer adoption, recently reaching the milestone of $3B in monthly user payments. BitPay’s prepaid Visa debit card, which lets bitcoin users turn bitcoin into dollars, pounds, or Euros for use with Visa merchants, has also seen