UK-based blockchain payments app operator Bottlepay has secured £11m ($15m) in a seed round featuring New York Digital Investment Group, a Bitcoin-focused financial services firm.
Venture capital firm FinTech Collective also took part in the round, as did angel investors Phil Doye and Alan Howard as well as current and former partners at investment banking firm Goldman Sachs.
Founded in 2019, Bottlepay has built a digital payment system that enables users to send government-issued currencies and the Bitcoin cryptocurrency on social media platforms including Discord, Reddit and Twitter. The funding will help it increase headcount, improve its product and expand globally.
Bottlepay CEO Mark Webster said: “Raising £11m and reaching a post-money valuation of £51m ($71m) is a testament to the scale of Bottlepay’s ambition, and an illustration of the effort and resources invested to build and design a revolutionary payments infrastructure of this magnitude.”
