Bitwage provides Bitcoin and cryptocurrency payroll, invoicing, and benefits services. The company reports $120MM in transactions processed, 50k registered users, and 2k registered companies. Bitwage says its U.S. business doubled in 2021 and a key Latin American market grew 20x since the start of COVID-19. Founded in 2014, the firm emphasizes years of product development and relationships across the crypto and banking ecosystems. Bitwage attributes recent exponential growth to the pandemic, remote-work trends, and accelerated adoption of blockchain assets. The company positions itself to capitalize on expanding demand for crypto payroll and related infrastructure. Bitwage is a bitcoin payroll startup focused on bringing Bitcoin to international payroll. The company provides payroll-related services that enable employers and employees to transact in bitcoin and emphasizes real-world use to kickstart bitcoin adoption. Bitwage recently completed a fundraising period that brought in $760,000. It plans to use the funds to build out its infrastructure, expand into the European market, and enhance its user experience to simplify client integrations. During the fundraising the company joined the Silicon Valley startup accelerator run by Orange. Founder Jonathan Chester has said the team will streamline the integration process as a priority.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2021