BitPay Raises Additional $2M in Seed Financing

BitPay Inc., an Atlanta, GA-based payment processor for bitcoin, raised an additional $2m in seed financing.

The round was led by Founders Fund, with participation from Heisenberg Capital, a London-based fund focused on bitcoin companies.

The company is using the funds for product development. To this end, it is looking for Software Engineers for its Atlanta-based headquarters, with two positions open now for experienced node.js developers as well as a Senior UX Designer (read here).

Co-founded in 2011 by Tony Gallippi, CEO, and Stephen Pair, CTO, BitPay is a Payment Service Provider (PSP) that enables online merchants to accept bitcoins, as a form of payment, just as they accept payments from Visa, Mastercard, or Paypal.
The company said it added over 1,900 new merchants during the month of April.



Related News
07/01/2013: BitPay Closes $510K Seed Funding
05/03/2013: BitPay Expands Seed Funding

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