Published on November 20th, 2015 | by bitcoin0
Bitwage, Bitcoin Payroll Startup, Raises $760k
Bitcoin payroll startup Bitwage has wrapped up a period of fundraising, bringing in a total of $760,000 raised between a group of investors including Orange Telecom, Draper Associates and participants on the BnkToTheFuture.com investment platform.
On Monday, Bitwage closed a $200,000 funding round on BnkToTheFuture.com, shares from which were initially purchased by Max Keiser’s Bitcoin Capital fund.
The bitcoin payroll startup has spent the past few months raising funds, a process that included participation from Cloud Money Ventures, the venture arm of Uphold, and Saeed Amidi, an investor in Bitwage who was also an early supporter of now-billion dollar companies like PayPal and Dropbox.
During that time Bitwage joined the Silicon Valley-based startup accelerator run by Orange, the major French telecommunications group.
“Bitwage is bringing the power of Bitcoin to international payroll and it was one of the most popular pitches on BnkToTheFuture.com,” he said.