Crypto Payroll Service Bitwage Raises $1.5mln In 55 Hours With BnkToTheFuture

Published on October 8, 2021

Bitwage, a leading provider of cryptocurrency payroll, invoicing, and benefits, announced the successful conclusion of a $1.5 million funding round with online investment platform, BnkToTheFuture. The round was 125 percent oversubscribed in just over two days. BnkToTheFuture has more than 150K qualifying investors and has had over $1bn invested in funding rounds since inception.

Bitwage was founded in 2014 by Jonathan Chester and John Lindsay, who recognized the opportunity to combine payroll services with cryptocurrency and bitcoin. Since its founding, Bitwage has processed transactions totaling $120 million transactions processed, registered 50k individual users and 2,000 companies. It’s US business doubled in 2021, and the Latin American market has grown 20x since the beginning of the Covid pandemic.

Bitwage has raised over $1MM from acclaimed investors and blockchain visionaries, including Draper Associates and Max Keiser’s Heisenberg Capital.

Bitwage experienced exponential growth in the last two years, catalyzed by the COVID-19 pandemic, the global remote work trend, and the rapid adoption of blockchain based assets. As a result of these trends, Bitcoin, cryptocurrency and stablecoin payroll services are poised to accelerate in growth for the foreseeable future.

Bitwage staking an early advantage with their 2014 launch, the company has dedicated much of its existence to perfecting the payroll process for cryptocurrency and Bitcoin. Bitwage has outpaced its competitors by maximizing years of product development, extensive transaction history, and deep relationships within the cryptocurrency and banking worlds to navigate the emerging blockchain consumer and regulatory environments.

According to Bitwage CEO Jonathan Chester, “When we first started in 2014, Bitcoin payroll was just a niche for cypherpunks and crypto anarchists. Covid-19 has acted as a catalyst for both the cryptocurrency and remote work industries. Bitwage, Bitcoin and cryptocurrency payroll sit at the intersection of these two movements. The tailwinds are picking up for Bitcoin and cryptocurrency payroll to become a massive multi-billion dollar industry and Bitwage is poised to become the global leader.”

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Kwasi Asare is the co-founder & Chief Marketing Officer for Social Identity platform ESAIYO. ESAIYO captures, connects, preserves & displays important identity and historical data related to physical and virtual objects. Mr. Asare has marketed and monetized content releases that have generated approximately 20,000,000 record sales and album equivalents. He has worked with startups that have raised north of $50,000,000 in venture capital and angel investments. He has also worked as a marketer and business development executive on tens of millions in eCommerce sales.

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