Founded Date
2021-12
Founders
John Magill
CEO
John Magill (Founder and CEO; start year not stated publicly)
Key Leadership
Will Cole (Head of Product, since 2023-08); Parker Lewis (Head of Business Development, since 2023-08); Nate Kitzke (Head of Engineering, since 2024-11); no CFO/CTO listed
Regulatory Status
No payment or remittance licence or regulatory registration found; declares it is not a financial institution, payment processor or custodian ('we never hold or process customer funds')
Market Valuation
N/A
Official Website
Infrastructure Overview
Hosted, non-custodial bitcoin payments company letting businesses accept bitcoin and fiat in one unified checkout
Vertical Assets
Business Invoices/Receivables; Payment Links; hosted branded Checkout; Virtual POS terminals; Event Tickets; WooCommerce integration; public API plus webhooks
Tech Specs
Wallet-agnostic SaaS generating fresh receive addresses from a connected wallet's xpub (Coldcard, Trezor, Ledger, manual address, multisig/Unchained); supports on-chain bitcoin, Lightning and Liquid
Strategic Network Value
Non-custodial business invoicing and payments
BTC Holdings
N/A
Fiat Valuation
N/A
BTC Yield Per Share
N/A
Treasury Strategy
N/A
Primary Business Revenue
SaaS subscription of $25/month plus a 1% fee on Bitcoin/Lightning/Liquid/Tether payments (capped)
Revenue Activities
SaaS subscriptions plus transaction fees
Lead Investors
Fulgur Ventures; Lightning Ventures; Ten31 (all in the sole seed/pre-seed round; Fulgur announced 2022-07-13)
Total Invested Capital
$500K seed/pre-seed (PitchBook: 2022-01-01; Caplight: 2021-12-01)
Founder Pedigree
John Magill - founder and CEO; Irish-trained graphic/UI-UX designer, approx. 12 years freelance, contract design work for Bull Bitcoin (paid in bitcoin)
Subsidiaries
None disclosed; Zaprite, Inc., Austin, Texas