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Bitnet enables merchants to accept Bitcoin and other digital currencies as payment in exchange for goods and services. We are building an industrial grade platform to provide a global payment processing service for enterprise-class merchants such as airlines, digital content publishers, retailers and marketplaces to reach consumers anywhere in the world in a cost-effective manner.
Overview
Employees
11-50
Total raised
$14.5M
Founded date
2014
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 15
| Date | Title | Description |
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| Sep 1, 2016 | The Uptake of Blockchain Technology | Ever heard of Bitcoin? It’s a digital currency that has been sending shockwaves through the financial investment markets ever since it was launched in 2008 by Satoshi Nakamoto. The concept, to many, is difficult to understand, but its rise ... |
| Aug 22, 2016 | Rakuten buys bruised bitcoin biz Bitnet, plans Belfast blockchain lab | reader comments 9 with 7 posters participating Share this story Share on Facebook Share on Twitter Share on Reddit Japanese e-commerce site Rakuten has confirmed the acquisition of Northern Irish bitcoin startup Bitnet and said it plans to ... |
| Jul 29, 2015 | Bitcoin payments move towards the mainstream with new payment partnership | We reported recently on a new system that reduces the risk for merchants in accepting bitcoin payments. Now there's more evidence that the digital currency is going mainstream with the announcement of a partnership between enterprise bitcoi... |
| Jul 16, 2015 | New process removes the risk from accepting bitcoin payments | One of the things that inhibits merchants from accepting bitcoin payments is that there’s a time lag in receiving cleared funds. A bitcoin payment can take around 10 minutes to be verified and confirmed on the blockchain. Even then most pay... |
| Jun 30, 2015 | Computop and Bitnet Enable Merchants to Accept Bitcoin as Payment | Bamberg and Belfast - June 30, 2015 - Computop, a leading payment service provider (PSP), and Bitnet, a bitcoin payments processor, today announced a strategic technology partnership. Through this partnership, global merchants will be able ... |
| Mar 17, 2015 | Rakuten To Put Its Bitnet Investment To Work And Accept Bitcoin Worldwide | Rakuten, Japan’s largest online retail firm, has announced that it will soon accept bitcoin across its global marketplaces. The company is putting its investment in Bitnet — a startup that raised $14.5 million last October — to work with th... |
| Oct 20, 2014 | Funding Daily: Today’s tech funding stories, from Bitcoin to ad-tech | We learned over the weekend that venture capitalists have already invested more in the first three quarters of 2014 than they did in all of 2013. Let the good times roll, baby! Just don’t forget to get off that ride before it crashes. Here’... |
| Oct 20, 2014 | Bitnet Technologies Raises $14.5M in Series A | SAN FRANCISCO, CA, Bitnet Technologies has closed a $14.5 million Series A funding round led by Highland Capital Partners. >> Click here for more funding data on Bitnet Technologies >> To export Bitnet Technologies funding d... |
| Oct 20, 2014 | Bitnet, Interview with CEO John McDonnell | Bitnet, a provider of a digital commerce platform designed to enable enterprise-scale merchants to accept bitcoin payments, has just raised $14.5m in Series A funding (read here). CEO John McDonnell, who co-founded the startup in January 20... |
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FAQ about Bitnet Technologies Ltd.
When was Bitnet Technologies Ltd. founded?
Bitnet Technologies Ltd. was founded in 2014.
How much funding has Bitnet Technologies Ltd. raised?
Bitnet Technologies Ltd. has raised $14.5M in total across 1 funding round.
What has the press written about Bitnet Technologies Ltd.?
Parsers VC has collected 15 articles mentioning Bitnet Technologies Ltd., among them “The Uptake of Blockchain Technology” (Sep 1, 2016) and “Rakuten buys bruised bitcoin biz Bitnet, plans Belfast blockchain lab” (Aug 22, 2016).
Is Bitnet Technologies Ltd. still active?
Bitnet Technologies Ltd. is probably closed: its latest activity on Parsers VC dates from Oct 29, 2016.