Brazilian Bitcoin Startup Bipa Raised $1.4M In Seed Round
"Founded in 2020 by Luiz Parreira, Bipa seeks to eliminate entry barriers and promote the use of bitcoin by providing a user-friendly digital account connected to instant payment networks PIX (Brazilian real) and Lightning (bitcoin)."
- "Bipa, a Brazilian startup aiming to simplify financial transactions through Bitcoin, has announced the successful closure of its seed investment round, raising R$8 million (approximately $1.4 million)."
- "Notable investors include New Form Capital - a venture capital fund focused on early-stage startups involved with blockchain technology and the financial market and Hivemind Ventures, which invests in startups with a Bitcoin focus, which both made their first investment in the Brazilian market through this round."
- "The funds raised will support Bipa's expansion in the market, attracting new users and developing new business-to-consumer (B2C) products."
- "According to data from the Investor X-Ray report by the Brazilian Association of Financial and Capital Market Entities (Anbima), approximately 6 million Brazilians, around 3% of the population, declare investments in cryptocurrencies."
