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 1127 active competitors, including 125 funded and 93 that have exited. Its top competitors include companies like Gusto, Payflow and PagarBook.
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
12th among 1127 active competitors
Employee Count
10 as on Dec 31, 2022
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 | Documents |
|---|---|---|---|---|
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 | 1055183 | Seed | 3338568 | 9516671 | 6439308 | 6009591 |
Nov 19, 2015 | 1075616 | Seed | 3794427 | 7899012 |
Access funding benchmarks and valuations. Sign up today!View details of Bitwage's funding rounds and investors
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 10 employees as of Dec 22. The total employee count is 100.0% more than what it was in Dec 21. Here is Bitwage's employee count trend over the years:
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Bitwage's Competitors and alternates
Top competitors of Bitwage include Gusto, Payflow and PagarBook. 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 | Gusto 2012, San Francisco (United States), Series E | Provider of a cloud-based platform offering payroll, benefits, and HR solutions | $718M | 83/100 | |
2nd | Online financial services platform for on-demand pay and savings | $41.3M | 77/100 | ||
3rd | Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises | $24.8M | 75/100 | ||
4th |  PayScale 2002, Seattle (United States), Acquired | Offers payroll compensation management software | $118M | 74/100 | |
5th |  Earnin 2012, Palo Alto (United States), Series C | Provider of a platform for accessing earned wages and financial tools | $190M | 72/100 | |
6th |  Yonder 2020, London (United Kingdom), Series B | Online platform to discover & book outdoor tours | $81.4M | 72/100 | |
7th |  Argyle 2018, New York City (United States), Series B | Provider of tools for workforce database | $111M | 71/100 | |
8th |  Zenefits 2013, Tempe (United States), Acquired | Cloud-based platform for HR and payroll management solutions | $598M | 69/100 | |
9th | _1582548103343.png?devicePixelRatio=2&height=30&width=30){kind=logo} Skrill 2001, London (United Kingdom), Acquired | Provider of digital wallet services for online payments and money transfers | - | 69/100 | |
10th |  Pinwheel 2018, New York City (United States), Series B | Cloud-based payroll API solution for enterprises | $84M | 68/100 | |
12th |  Bitwage 2013, San Francisco (United States), Acquired | Payroll and invoicing solutions for cryptocurrencies | $2.26M | 67/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Bitwage's competitors? Click here to see the top ones
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 5 events in the last 1 year, 1 of them has been about company updates.
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Paystand’s Acquisition of Bitwage Marks a Turning Point for StablecoinsTechFinancials•Apr 13, 2026•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
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Bitwage Processes World’s First Bitcoin Payroll On LightningGlobeNewswire•Dec 09, 2021•Bitwage, ACINQ
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Bitwage raises $1.5mm in 55 hours in recent funding roundGlobeNewswire•Oct 04, 2021•Bitwage, BnkToTheFuture, Draper
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