Bitcoin startup Bitrefill raises $2M in funding

posted about 1 month ago
Bitcoin startup Bitrefill, which offers Bitcoin gift cards for mainstream brands, and Lightning-enabled payment services, plans to expand to new jurisdictions thanks to venture backing. Bitrefill closed a $2 million seed round led by Coin Ninja, with participation from Litecoin creator Charlie Lee. Bitrefill CCO John Carvalho said his Stockholm-based startup plans to expand its offerings across jurisdictions to provide “worldwide coverage within the year.”

Lee said Bitrefill services make it easier to “make a living” with cryptocurrency and that the startup’s participation in the Lightning Network ecosystem “opens up even more potential for Bitcoin and beyond.” Bitrefill’s Thor service, for example, allows people to give Lightning channels to someone else with no setup on the recipient’s side. According to 1ML.com, Thor is the top service increasing Lightning Network capacity in terms of value, with almost $19,000 worth of Bitcoin, and the top service provider running nodes on the network.
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