What is OpenNode?
OpenNode provides an accessible platform for e-commerce businesses to integrate bitcoin payments. Its offerings include an easy-to-use plug-in solution, robust payment infrastructure APIs for developers, and high-capacity, fast payment processing. This enables innovative payment models and ensures instantaneous settlements for both merchants and consumers, positioning OpenNode as a key facilitator in the adoption of cryptocurrency for commerce.
How much funding has OpenNode raised?
OpenNode has raised a total of $21.3M across 2 funding rounds:
Angel/Seed
$1.3M
Series A
$20M
Angel/Seed (2018): $1.3M, investors not publicly disclosed
Series A (2022): $20M led by Tim Draper, Avon Ventures, Twitter, Kingsway Financial Services, and Fidelity Investments
Key Investors in OpenNode
Founded in 2006 and headquartered in San Francisco, CA, Twitter is a real-time information service on which people around the world can post ideas, comments, news, photos, and videos, in 140 characters or less.
Kingsway Financial Services
Kingsway Financial Services is a publicly traded holding company focused on acquiring and operating asset-light business services and extended warranty companies. Through its decentralized search-fund model, the company builds recurring-revenue businesses across financial, healthcare, software, and warranty services sectors.
Fidelity Investments
Fidelity Investments is a financial services company that provides a broad range of investment, wealth management, retirement planning, brokerage, and advisory solutions for individual investors, businesses, employers, and institutions. The company offers access to investment products, financial planning resources, trading platforms, retirement services, and personalized advisory support designed to help clients achieve their long-term financial goals. Through its combination of investment expertise, technology-driven tools, educational resources, and customer-focused services, Fidelity supports clients in managing, growing, and protecting their wealth while delivering comprehensive solutions across investing, retirement, and financial planning needs.
What's next for OpenNode?
The recent major strategic investment signals a new phase of growth and expansion for OpenNode. This capital infusion is expected to fuel further development of its payment processing capabilities, enhance its market reach, and potentially explore new integrations within the broader e-commerce ecosystem. The company's focus on speed and accessibility in bitcoin payments positions it to capitalize on the increasing demand for digital currency transactions in global trade.
See full OpenNode company page
