27 July 2016
Find out more

BitPay brings in Visa, PayPal and Jumio talent

14 August 2014  |  5058 views  |  0 Bitcoin

BitPay has begun putting the proceeds of its recent $30 million funding round to use, embarking on a hiring spree that sees talent from Visa, PayPal and Jumio join the digital currency startup.

In May BitPay raised $30 million in a series a funding round led by Index Ventures, valuing the company at $160 million. The firm promised to use much of the money to build up its workforce and has now provided an update.

Sonny Singh has been brought in from payment verification firm Jumio as chief commercial officer, where he will be responsible for increasing BitPay's customer base, which currently stands at over 40,000 merchants.

21 year Visa veteran Steve Pratt has also joined as director of business development while Gregg Zigler, who spent 10 years working on PayPal's foreign exchange architecture, arrives as a senior software engineer.

Several more employees have been hired, mainly in San Francisco, taking BitPay's workforce to more than 60.

Explaining his decision to join BitPay, Singh says: "When I looked at the amazing growth rate BitPay has been experiencing, I realised bitcoin is a movement that is going to change e-commerce forever."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BitPay shoots for the moon with $30 million funding round

BitPay shoots for the moon with $30 million funding round

13 May 2014  |  5048 views  |  2 comments | 3 tweets | 3 linkedin
BitPay closes $510,000 funding round

BitPay closes $510,000 funding round

08 January 2013  |  3730 views  |  0 comments | 1 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit capgemini.comFind out more

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9361 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9261 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7844 views comments | 18 tweets | 25 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
5945 views 0 | 9 tweets | 3 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5911 views comments | 29 tweets | 16 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job