Bitnet offers a digital commerce platform designed to enable enterprise‑scale merchants to accept bitcoin payments at scale. Its platform includes developer‑focused RESTful hypermedia APIs and SDKs, a hosted Checkout product, prebuilt integrations with third‑party systems, and advanced analytics for reconciliation. Bitnet touts low transaction fees (under 1%), guaranteed payment, instant global reach with no cross‑border fees, no price volatility, and protection from fraud, chargebacks and false declines, claiming 99.999% reliability. The company was founded in January 2014 by John McDonnell and Stephen Mc Namara and is staffed by 27 payments industry veterans who helped build CyberSource. Bitnet has offices in San Francisco and Belfast and is working with large retailers, financial institutions, payment service providers, international trade organizations and airlines. The company has launched its platform and is building sales, marketing and customer support teams, with plans to expand its physical presence into continental Europe and Asia.

Total raised

$15M

Funding rounds

1

Latest round

Series A

Latest activity

Oct 2014