BitPay, an Atlanta, GA-based blockchain payments technology platform, raised $30M in a strategic Series B funding round.
The round was led by Aquiline Technology Growth (ATG), a fund managed by Aquiline Capital Partners that invests in early- and growth-stage financial technology companies.
The company will be using this funding for strategic steps toward enabling cross-border supply chain payments and other payments underserved by traditional credit card and banking infrastructure, for key engineering hires, regulatory licensing, technology acquisitions, and expansion into emerging markets in Asia.
Led by CEO Stephen Pair, BitPay provides a platform that gives businesses and individuals the tools for secure blockchain payment acceptance, savings, and spending. In addition a prepaid Visa debit card lets bitcoin users turn bitcoin into dollars, pounds, or Euros for use with Visa merchants.
The company’s open source wallet platform has recently reached the milestone of $3B in monthly user payments.
In 2014, BitPay raised a $30M series A round from investors including Index Ventures, Founder’s Fund, Felicis Ventures, RRE Ventures, and Sir Richard Branson.