Simplex Brings Total Funding to $8.4 Million with Latest Round
In May 2014, Israeli bitcoin payments company Simplex raised $1.4 million in seed funding. It’s been nearly two years since this seed raise, and the company has just announced the closing of a successful series A, which saw a host of participants fund a further $7 million, bring the total funding raised to $8.4 million. For those not familiar with the company, it aims to make it easier to buy and sell bitcoins through the issue of a bitcoin credit card. Traditionally, when a bitcoin buyer or seller wants to transfer bitcoins to or from an exchange, for example, he or she must go through a....
Related News
An Israeli bitcoin startup focused on enabling bitcoin purchases with credit cards has closed a $7m Series A funding round. Backing Simplex are bitcoin mining firms Bitmain and Cumberland Mining, and FundersClub, a crowdfunding platform that previously invested in Coinbase. A group of angel investors, which Simplex declined to name, also contributed to the funding. The amount adds to a previously raised $1.4m, bringing the firm’s total fundraising to $8.4m. Simplex CEO Nimrod Lehavi said that the company is seeking to enable faster purchases of bitcoin via credit card, while at the same....
Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after the fintech startup Chipper Cash was able to raise $100 million in the first Series C funding round. Besides FTX, other investors that participated in Chipper Cash’s latest funding round include SVB Capital, which led....
BitFury, the best capitalised mining firm in bitcoin, today announced it has raised an additional $20m in funding. The raise, its third in two years, brings the company's total to $60m, double that of rival KnCMiner ($29m) and over half of the total investment in mining infrastructure to date ($116.5m). In a statement, CEO Valery Vavilov said: "Today, we are excited to announce we have secured a funding round of $20m. The success of yet another funding round validates our business strategy and brings us closer to our ambitious goals." The Georgian Co-Investment Fund, which took part in the....
Bitwage, the pioneer cryptocurrency-based payroll and invoicing company, has raised $1.5 million in its latest funding round. The funding round had participation from Draper Associates and Max Keiser’s Heisenberg Capital, using Bnktothefuture, a platform designed for making online investments. Bitwage will use these funds to extend its functionalities, now that it is facing competition from Coinbase, which launched a similar service for U.S. citizens.
Bitwage Raises $1.5 Million Dollars in 55 Hours
Bitwage, one of the pioneer companies in cryptocurrency payrolls and....
Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds. BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round.Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.We’re excited to announce the....