Brazilian paytech Bipa raised a $1.4M Seed round led by New Form Capital and Hivemind Ventures.
With these funds, the company will focus on customer acquisition and developing B2C products.
“Bitcoin usage remains relatively low in Brazil. Our mission is to make Bipa the app that people use to pay for their coffee every morning,” said Bipa’s Founder and CEO, Luiz Parreira.
With Bipa, users can send and receive Bitcoin instantly through a user-friendly digital account connected to Brazil Central Bank’s payment processor Pix.
In 2020, Luiz Parreira founded the startup to eliminate barriers to entry for cryptocurrencies. The startup brings simplicity to people who find buying and selling Bitcoin challenging.
Read more on El Ecosistema Startup
