24 April 2018

BitPay brings in Visa, PayPal and Jumio talent

14 August 2014  |  6137 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  |  6112 views  |  2 comments | 3 tweets | 3 linkedin
BitPay closes $510,000 funding round

BitPay closes $510,000 funding round

08 January 2013  |  4861 views  |  0 comments | 1 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit http://response.ncr.comVisit http://wup.digital

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
13886 views comments | 20 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11099 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
8968 views comments | 26 tweets | 36 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8300 views comments | 20 tweets | 36 linkedin
hands typing furiouslyUX Design Guide: 7 Steps to Make Digital B...
8191 views 0 | 36 tweets | 24 linkedin

Featured job

Competitive base, double OTE
London, UK or Paris, France or Frankfurt, Germany (other major cities in Europe considered)

Find your next job