Bitt, a Barbados-based digital asset exchange, remittance channel, and merchant-processing gateway, secured USD$1.5M in seed funding.
Avatar Capital made the investment.
The company intends to use the funds to to continue to develop and expand its core services.
Founded in 2013 by Gabriel Abed and Oliver Gale, Bitt is a digital asset exchange, remittance channel, and merchant-processing gateway. It leverages AlphaPoint’s technology designed by veteran Wall Street traders to facilitate international Bitcoin trading in 11 major fiat currencies, such as the US Dollar (USD), Great Britain Pound (GBP), Canadian Dollar (CAD), Euro (EUR), and Barbadian Dollar (BBD).