BitPay Reportedly Raising a New Funding Round

Home » Blog » BitPay Reportedly Raising a New Funding Round
BitPay Reportedly Raising a New Funding Round

Just this morning we learned that digital currency payments processor BitPay had opened a new office in Amsterdam. In addition to that, the company announced the addition of a new board member.
Now we’re learning that the company is raising a new funding round. That news originates from Dow Jones’ Venturewire, noting that the Atlanta-based company is looking to raise between $20 and $30 million.
The news reportedly comes from an individual familiar with the company’s plans. Another person (also familiar with the company’s plans) said that Index Ventures — a company that’s funded in Flipboard, SoundCloud, Sonos, and a number of other companies — would be hopping aboard as a new investor.
A new funding round would make sense. BitPay is one of, if not the, fastest growing companies in the bitcoin space. With tens of thousands of merchants signed up, additional capital would certainly help keep up the momentum and facilitate their continued growth.
BitPay specializes in helping merchants accept bitcoin by allowing them to instantly convert to fiat, minimizing volatility risk.
newsBTC has reached out to our contact at the company with a request for a statement, but did not receive a reply before publishing time. I’ll update this article accordingly. [source: Venturewire]
Source :

© 2020 all rights reserved