OpenNode is a technology company.
OpenNode has raised $20.0M across 1 funding round.
OpenNode has raised $20.0M in total across 1 funding round.
OpenNode has raised $20.0M in total across 1 funding round.
OpenNode's investors include Cathay Innovation, Draper Associates, LAUNCH, Jonathan Chizick, Kurt Bilafer, Ron Pragides, Stephen Garden.
OpenNode is a Bitcoin payments infrastructure platform that enables businesses to accept, process, and send Bitcoin payments globally, primarily powered by the Bitcoin Lightning Network for instant, low-cost transactions.[1][2][3][4] It offers products like hosted checkouts, e-commerce plugins, APIs, invoicing, payouts, payroll, and currency conversions, serving companies in 126 countries across sectors such as eCommerce, billing, and in-person payments.[1][2][4][5] By simplifying Bitcoin integration without code, OpenNode solves the complexity and volatility risks of crypto payments, allowing seamless fiat conversions and instant settlements while connecting users to Bitcoin's decentralized network.[1][3][4]
The company targets merchants, platforms, and individuals seeking scalable payment solutions, with a mission to empower global adoption of Bitcoin as superior digital money.[1][3][4] Backed by investors like F-Prime Capital, OpenNode demonstrates growth through expansions like regulatory approval for Bitcoin payment testing in Bahrain.[1][3]
OpenNode was founded in 2017 (with some sources noting 2018) in Los Angeles, California, amid rising interest in Bitcoin as a payment rail.[1][2][3] Specific founders are not detailed in available sources, but the company emerged to address Bitcoin's scalability challenges by leveraging the Lightning Network—a layer-2 protocol for faster, cheaper transactions on Bitcoin's blockchain.[1][3][6] Early traction came from providing turn-key solutions like no-code checkouts and APIs compatible with all Bitcoin wallets, quickly gaining support from influential global investors including F-Prime Capital's 2020 investment.[1][3]
Pivotal moments include expanding to 126 countries and recent regulatory wins, such as Bahrain's Central Bank approval to test its infrastructure in a sandbox, signaling institutional validation.[1]
These set OpenNode apart from competitors like CoinPayments, CoinGate, and Triple-A, which offer multi-crypto support but lack OpenNode's Bitcoin/Lightning focus and instant settlement edge.[2]
OpenNode rides the Bitcoin Lightning Network trend, enabling mass adoption by making crypto payments viable for everyday business use amid growing demand for decentralized, borderless alternatives to fiat systems.[1][3][6] Timing aligns with regulatory progress—like Bahrain's sandbox testing—and Bitcoin's maturation as a global asset, fueled by ETF approvals and institutional inflows that boost liquidity and stability.[1] Market forces favoring OpenNode include rising e-commerce globalization, high traditional payment fees (2-3% vs. Lightning's sub-penny costs), and Bitcoin's fixed supply hedging inflation.[3][4]
It influences the ecosystem by onboarding businesses to Bitcoin, fostering network effects that increase Lightning capacity and utility, while competing with legacy processors in fintech.[2][5]
OpenNode is poised to capture share in the $10T+ global payments market as Lightning Network throughput surges past 5,000 BTC capacity, with expansions into new regions like the Middle East via regulatory nods.[1][6] Upcoming trends—Bitcoin DeFi growth, stablecoin bridges, and Web3 commerce—will amplify its API-driven model, potentially driving 10x payment volume if adoption mirrors 2021-2025 crypto booms.[4] Influence may evolve toward full-stack Bitcoin rails, partnering with enterprises for payroll and remittances, solidifying its role in a Bitcoin-powered financial future that started with simplifying the world's hardest money for everyday use.[1][3]
OpenNode has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series A in February 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2022 | $20.0M Series A | Cathay Innovation, Draper Associates, LAUNCH, Jonathan Chizick, Kurt Bilafer, Ron Pragides, Stephen Garden |