Neutronpay operates in the Bitcoin Lightning Network space. The company announced completion of a $1.5M bridge financing led by Axiom Capital. Previously, Neutronpay closed a $2.25M seed round in September 2022 led by Hivemind Ventures. Seed investors included Republic, Cavalry, Ride Wave, Studio, Iterative, Fulgur Ventures, and Lightning Labs. The funding news was reported by Foresight News citing Bitcoin Magazine. The article does not report revenue, user metrics, founding year, or location. Neutronpay provides Lightning Network payment infrastructure including an enterprise API and a consumer mobile app for accepting, sending and spending bitcoin over Lightning. Its services target in-person sales, ecommerce, cross-border remittance and peer-to-peer payments. The company says it is the first Lightning-focused firm with an initial focus on Vietnam’s 100m person population and plans to expand to other Southeast Asian countries. Neutronpay operates from Vancouver, BC and Ho Chi Minh City and was founded in 2018; it is led by CEO Albert Buu and COO Malcolm Weed. The company recently raised seed funding and plans to use proceeds to add headcount across departments, accelerate enterprise API development, roll out its mobile app, and invest in sales, marketing and compliance.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2024