BitPay, a BitCoin processing solution, has expanded its USD510,000 seed round with the addition of new angel investors including Ben Davenport, Trace Mayer, and A-Grade Investments. The size of the additional funding is undisclosed (reports StrategyEye).
BitPay allows merchants to process payments made by online currency BitCoin, with a guaranteed exchange rate and a lower risk of fraud. The company claims that more than 3,200 merchants uses the platform and to have processed more than USD3.3m in BitCoin payments over the past year. Founded in 2011, the company has used some of its seed fund to relocate to Atlanta’s Tech Village district.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.