GoCoin is a Singapore-based payments processor offering merchants the ability to accept bitcoin and multiple altcoins through its proprietary payments platform. Its core product is a merchant payments platform and the accompanying infrastructure to process digital-currency transactions. The company says it will use a new strategic investment from GAW Miners to continue developing its software offerings and expand infrastructure. GoCoin has formed partnerships with firms including PayPal and counts merchants such as Shopify, CheapAir and Hustler magazine in its network. It is exploring cooperative efforts with GAW, including plans to integrate GAW’s new altcoin, paycoin, into GAW’s payments service. GoCoin also highlights regulator outreach as an important part of its growth strategy. The firm has previously received strategic investments from BitFury, Bitcoin Shop, KnCMiner and ZoomHash. GoCoin operates a merchant payments processing platform for digital currencies, built to support bitcoin and to add alternative digital currencies as the market requires. Its core product is a payments processor that merchants can integrate to accept cryptocurrency payments. The company was added as a processing partner in PayPal's Payments Hub, alongside competitors BitPay and Coinbase, which the article frames as validation of its position in the market. GoCoin's CEO Steve Beauregard said the company expects the BitFury investment to bring new B2B clients to its existing customer base. The platform is positioned to expand beyond bitcoin to altcoins in response to market demand. Financially, GoCoin has received a strategic investment from BitFury Capital, though the amount and instrument were undisclosed in the article. GoCoin is a Santa Monica, CA-based international digital-currency payments platform that enables merchants to accept bitcoin, litecoin, dogecoin and other digital currencies. Founded in July 2013 by Steve Beauregard, it provides merchants with the ability to process multiple digital currencies. Customers include Perseus Telecom, Robocoin, Agreed.com, Bitcoin Shop, Inc., QikFunder and KnCminer. The company closed a $1.5M Series A equity financing and said it will use the funds to add engineers and ramp up its global sales force. The article does not disclose revenue or user metrics. GoCoin offers an open platform to facilitate purchases of goods and services using Bitcoin, targeting e‑commerce, digital content and interactive/social gaming verticals. The company was founded in July 2013 by CEO Steve Beauregard and chairman Brock Pierce and has been developing technology with engineers in Singapore, Argentina and the U.S. It is currently testing with its first merchants in private beta. GoCoin plans a public launch in November with an initial geographic focus on Asian and South American countries. The company raised over $550K in a seed round and intends to use the funds to bring its platform to market. Operations and development remain concentrated across its Singapore and Santa Monica bases.

Total raised

$2M

Funding rounds

4

Latest round

Series A

Latest activity

Mar 2014