Bitwage - About the company
Bitwage is an acquired company based in San Francisco (United States), founded in 2013 by John Lindsay and Jonathan Chester. It operates as a Payroll and invoicing solutions for cryptocurrencies. Bitwage has raised $2.26M in funding from investors like Draper, Orange Silicon Valley and BnkToTheFuture. The company has 9571 active competitors, including 498 funded and 527 that have exited. Its top competitors include companies like Workday, Gusto and Oracle.
Company Details
Payroll and invoicing solutions for cryptocurrencies. It provides an international payroll service to businesses leveraging blockchain technology. It allows employees to both receive a wage and pay for goods and services in bitcoin and local currencies without needing a bank account.
- Website
- bitwage.com/en-us
- Social
- Email ID
- *****@bitwage.com
- Registered Address
- San Francisco, California
Key Metrics
Founded Year
2013
Location
San Francisco, United States
Stage
Acquired
Total Funding
$2.26M in 2 rounds
Latest Funding Round
Ranked
50th among 9571 active competitors
Employee Count
25 as on Aug 31, 2026
Exit Details
Acquired by PayStand (Nov 07, 2025)
Legal entities associated with Bitwage
Bitwage is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
BITWAGE INC CIN: 471214840 , United States, Active | Dec 31, 2012 | - | 5 (As on Dec 31, 2024) | - |
Bitwage's acquisition details
Bitwage got acquired by PayStand on Nov 07, 2025.
Click here to take a look at Bitwage's acquisition in detail
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Bitwage's funding and investors
Bitwage has raised a total funding of $2.26M over 2 rounds. Its first funding round was on Nov 19, 2015. Its latest funding round was a Seed round on Oct 03, 2021 for $*****. 2 investors participated in its latest round. Bitwage has 11 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Bitwage:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 03, 2021 | 5138712 | Seed | 7262121 | 2604624 | 9339279 | 8770586 |
Nov 19, 2015 | 7611686 | Seed | 4495921 | 4154228 |
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Bitwage's founders and board of directors
Founder? Claim ProfileThe founders of Bitwage are John Lindsay and Jonathan Chester. Jonathan Chester is the CEO of Bitwage.
Here are the details of Bitwage's key team members:
- John Lindsay: Co-Founder of Bitwage and founder of 1 other company. They serve on the boards of 3 companies.Contact Info: 1 email address
- Jonathan Chester: Co-Founder & CEO of Bitwage. Contact Info: 1 email address
View details of Bitwage's Founder profiles and Board Members
Bitwage's employee count trend
Bitwage has 25 employees as of Aug 26. Here is Bitwage's employee count trend over the years:
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Bitwage's Competitors and alternates
Top competitors of Bitwage include Workday, Gusto and Oracle. Here is the list of Top 10 competitors of Bitwage, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Workday 2005, Pleasanton (United States), Public | Developer of cloud software for human resources finance and operations | $352M | 88/100 | |
2nd | Gusto 2012, San Francisco (United States), Series E | Cloud-based payroll, benefits, and HR software for small and medium-sized businesses | $718M | 84/100 | |
3rd | Oracle 1977, Austin (United States), Public | Provider of cloud-based enterprise software solutions for applications, platform, and infrastructure management | - | 83/100 | |
4th | Intuit 1983, Mountain View (United States), Public | Provider of financial, accounting, tax preparation, and marketing automation software | - | 83/100 | |
5th | Provider of business applications, technology, and cloud enterprise resource planning | - | 80/100 | ||
6th | The Access Group 1991, Loughborough (United Kingdom), Late Stage | Developer of cloud software for payroll and human resources management | $1.49B | 79/100 | |
7th | Infor 2002, New York City (United States), Acquired | Cloud based ERP software for multi industries | $1.52B | 79/100 | |
8th |  Sage 1981, Newcastle Upon Tyne (United Kingdom), Public | Provider of cloud-based enterprise software solutions for accounting, finance, and people management | - | 78/100 | |
9th | Cloud-based platform providing digitized rewards, incentives, loyalty, and payouts solutions for businesses worldwide | $101M | 78/100 | ||
10th | Deltek 1983, Herndon (United States), Acquired | Cloud based enterprise resource planning software provider for multi industries | $107M | 77/100 | |
50th |  Bitwage 2013, San Francisco (United States), Acquired | Payroll and invoicing solutions for cryptocurrencies | $2.26M | 66/100 |
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Bitwage's Investments and acquisitions
Bitwage has made no investments or acquisitions yet.
Reports related to Bitwage
Here is the latest report on Bitwage's sector:
News related to Bitwage
Filter this listMedia has covered Bitwage for a total of 6 events in the last 1 year, 1 of them has been about company updates.
•
Paystand Launches USDb: The First Bitcoin-Aligned Stablecoin Purpose-Built for the $100 Trillion B2B EconomyGlobal Fintech Series•Apr 28, 2026•Bitwage
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Paystand’s Acquisition of Bitwage Marks a Turning Point for StablecoinsTechFinancials•Apr 13, 2026•Bitwage, PayStand
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Paystand Acquires Bitwage for Enterprise-Grade Stablecoins in B2B FinanceDbta•Dec 10, 2025•PayStand, Bitwage
•
Paystand acquires Bitwage to expand global cryptocurrency payment servicesPANews•Nov 07, 2025•Bitwage, PayStand
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Bitwage Partners with ForUsAll to Offer One-Stop-Shop for Crypto 401(k) and Crypto PayrollGlobeNewswire•Oct 13, 2022•Bitwage, ForUsAll
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Payroll and HR Services Firm Bitwage Launches Preferred Bitcoin, Crypto Wallet FeatureCrowdfund Insider•Oct 01, 2022•Bitwage
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Payroll and HR Services Firm Bitwage Teams Up with Casa, Edge WalletCrowdfund Insider•Aug 09, 2022•Bitwage, Casa-India, Edge App
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World's Largest Bitcoin Payroll Provider Bitwage Has Launched Their New PlatformGlobeNewswire•Jan 28, 2022•Bitwage
•
Bitwage Processes World’s First Bitcoin Payroll On LightningGlobeNewswire•Dec 09, 2021•Bitwage, ACINQ
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