Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Sunday, June 1
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » OpenNode Bags $20M Funding To Advance Bitcoin And Lightning Payments Infrastructure
Investment & Funding

OpenNode Bags $20M Funding To Advance Bitcoin And Lightning Payments Infrastructure

"Bitcoin, complemented by the Lightning Network, is going to be the most important technology for financial inclusion," states Kingsway Capital Founder Manuel Stotz.
Ravi KumarBy Ravi KumarFebruary 9, 2022Updated:February 12, 2022No Comments3 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
OpenNode Bags $20M Funding To Advance Bitcoin And Lightning Payments Infrastructure
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

Bitcoin payment startup OpenNode raises $20 million in a Series A funding round led by Kingsway Capital.

OpenNode Provides Bitcoin And Lightning Payments Infrastructure

Founded in 2018, OpenNode is the world’s leading bitcoin payment processor and infrastructure provider. OpenNode offers bitcoin payment acceptance and payout solutions for businesses, platforms, and people everywhere. It offers payment buttons, hosted checkout, e-commerce plug-ins, and optimized APIs to enable instant, low cost payments by Bitcoin, the world’s best decentralized payment network; and the Lightning Network, Bitcoin’s leading scaling solution.

OpenNode Series A Funding

OpenNode latest funidng round was oversubscribed. The Bitcoin payment firm secured $20 million in Series A at a $220 million valuation. The Series A was led by UK-based firm Kingsway Capital, and with additional investment from Twitter, Tim Draper, and Avon Ventures, a venture capital fund affiliated with the parent company of Fidelity Investments.

Commenting on the Series A Funding, Josh Held, new Head of Strategy at OpenNode, said:

“OpenNode has believed in the promise of Bitcoin and Lightning-powered payments for a long time, and demand is now growing exponentially. 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”

Comments From Investors

Twitter ups its Bitcoin quotient by joining OpenNode as a new investor. Ester Crawford, Twitter Group Product Manager, said:

“Digital currencies encourage more people globally to participate in the economy, and with less friction. OpenNode is creating easier pathways for anyone, anywhere to access the digital economy through their seamless integration of bitcoin payments.”

Tim Draper mentioned that OpenNode’s solution enables businesses to accept Bitcoin payments without paying the banks or the credit card companies 2%-4% in transaction fees. “OpenNode can do it with only a fraction of the energy cost required for an on-chain bitcoin transaction,” Tim added.

Manuel Stotz, Founder of Kingsway Capital, the lead investor of OpenNode’s Series A, commented:

“Bitcoin, complemented by the Lightning Network, is going to be the most important technology for financial inclusion. We are very excited by OpenNode’s deployment of the Lightning Network to make the promise of bitcoin as a global, censorship resistant and permissionless payment network a reality.”

“OpenNode provides businesses, platforms, and people the easiest onramp into the burgeoning digital economy, enabling seamless integration of bitcoin across the payment stack,” states Sachin Patodia, Fidelity Investments Managing Director. “We are proud to participate in this funding round and contribute to the growth of OpenNode and the Bitcoin network.”

OpenNode will use the new funds to advance its Bitcoin and Lightning Network payments infrastructure aimed at catalyzing Bitcoin’s global adoption.

OpenNode is enabling businesses to process Bitcoin payments. The Bitcoin payment firm has a long list of clients, such as metals supplier Midwest Tungsten, English Football Club Real Bedford, online publishing platform Substack, and Crazy Horse 3 – a Strip Club in Las Vegas.

Read Also: Chainalysis To Add Support For Bitcoin’s Lightning Network

Bitcoin Payment OpenNode Series A Funding
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
Ravi Kumar
  • X (Twitter)
  • LinkedIn

Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

More AlexaBlockchain

VOYA Games Raises $5M Co-led by 1kx, Makers Fund

May 21, 2025

Animoca Brands Invests in Astar to Boost Sony’s Web3 Entertainment Push

May 21, 2025

Antix Raises $8.2M to Launch Tokenized Digital Humans

May 14, 2025

SOL Strategies Inks $500M Deal with ATW Partners

April 23, 2025

RedotPay Raises $40M in Series A Funding Led by Lightspeed

March 17, 2025

YZi Labs Invests in Tensorplex Labs to Supercharge the Development of Decentralized AI

March 6, 2025
Add A Comment

Comments are closed.

Don't Miss

QFSCOIN Launches Affordable Cloud Mining Contracts to Democratize Bitcoin Access

Liquidium Launches Cross-Chain Bitcoin Lending Without Wrapped Tokens or Bridges

Katana Launches High-Yield DeFi Blockchain Backed by GSR and Polygon Labs

Sony’s Soneium Brings Viral Telegram Game Sleepagotchi to 200M Users via LINE

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.