OpenNode, a bitcoin payment processor and infrastructure provider, announced today it has closed a $20 million Series A funding round. UK-based Kingsway led the round, which also included Twitter, Tim Draper, and Avon Ventures, a venture capital fund affiliated with the parent company of Fidelity Investments.
Following this Series A investment round, OpenNode will be able to expand its services and grow its team. Over the course of the next few weeks and months, OpenNode plans on introducing new product features, partnerships, and clients that will drive the adoption of its bitcoin payments solution.
“For the last two years, the team has been heads-down building solutions that support some of the largest brands and businesses in the world today. This Series A funding is the next step in helping the company to realize our mission of making bitcoin payments simple and accessible for everyone, everywhere.”
– Josh Held, new Head of Strategy at OpenNode