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§ Private Profile · São Paulo, Sao Paulo, Brazil
Brazilian mobile cryptocurrency platform for buying, selling, and transferring Bitcoin and Tether for retail investors, using Pix and Lightning Network.
Bipa is a São Paulo, Brazil-based financial technology company that operates a mobile cryptocurrency application enabling users to buy, sell, and transfer Bitcoin and Tether using the country's instant payment system, Pix. The platform integrates directly with the Bitcoin Lightning Network to facilitate fast, low-cost digital micro-transactions starting from a single Brazilian Real. Generating revenue primarily through transaction spreads and withdrawal fees on cryptocurrency trades, the company currently serves a growing customer base of more than 100,000 registered retail users and maintains a workforce of over 20 employees. To support its ongoing platform development and marketing efforts, Bipa has raised approximately $1.5 million in seed funding from prominent venture capital firms including Lightspeed Venture Partners, Newtopia VC, and Hivemind Ventures. The organization was officially founded in 2020 by its chief executive officer, Luiz Parreira.
Bipa has raised $1.6M across 1 funding round.
Bipa has raised $1.6M in total across 1 funding round.
Bipa has raised $1.6M across 1 funding round. Most recently, it raised $1.6M Seed in July 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 6, 2023 | $1.6M Seed | Hivemind Ventures, NEW Form Capital | — | Announced |
Bipa has raised $1.6M in total across 1 funding round.
Bipa's investors include Hivemind Ventures, New Form Capital.