BottlePay, a UK-based fiat and crypto payments platform, has reportedly raised £11 million through its Seed funding round. According to Coindesk, the round involved participation from Alan Howard, founder of hedge fund manager Brevan Howard; “present and former” Goldman Sachs partners; venture capital firm FinTech Collective; digital assets firm NYDIG; and entrepreneur Phil Doye.
Founded in 2019, Bottlepay allows its users to buy, store, and send Bitcoin through its platform and app. The company’s app launched on February 10th and is built with the Lightning Network scaling solution, which is claimed to enable cheaper and faster bitcoin transactions.
“Your money, your rules. Send, spend and receive payments in a way that works for you. We support bitcoin and pound sterling — but that’s just the beginning.”
According to the media outlet, Bottlepay CEO, Mark Webster, spoke about the investment round by stating:
“Raising £11 million and reaching a post-money valuation of £51 million 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.”
Bottlepay further revealed to the media outlet that it aims to disrupt the payments space with an app offering international payments in bitcoin and fiat currencies in real-time. Users may also make micropayments of “as little as a penny” and send funds through messages on Twitter, Reddit, Discord.