ZipZap, Inc., a San Francisco, CA-based global transaction network, raised $1.1m in funding.
The round was led by strategic investors from AngelList Syndicate and 500 Startups with follow on participation from Blumberg Capital.
The company, which has now raised $2.7m in total, intends to use the funds to grow operations.
Founded in 2010 and led by CEO Alan Safahi, ZipZap is a global payment network, which enables consumers to buy, sell or use Bitcoin and other digital currencies with cash or other payment options. The company is present in the UK, South America and Europe.
In addition to the funding, former Wells Fargo executive Jim Griffin joined as the Senior Vice President of Currency and Foreign Exchange.