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§ Private Profile · 5700 Wilshire Blvd Ste 460, Los Angeles, California, 90036, United States
OpenNode is a technology company.
OpenNode provides a robust Bitcoin payment processing solution, enabling businesses to accept and send Bitcoin payments and payouts with ease. The platform facilitates instant, low-cost transactions through the Lightning Network, while also offering robust APIs, e-commerce plugins, and hosted payment pages. Key capabilities include automatic conversion of Bitcoin to various local currencies, invoicing tools, split settlement options, and safeguards against Bitcoin price volatility and chargebacks.
The company was founded in 2017 by Afnan Rahman, Brandon Lewis, and João Almeida. Their collective insight centered on the growing need for a streamlined, secure, and developer-friendly infrastructure to integrate Bitcoin transactions into mainstream business operations, addressing the complexities often associated with cryptocurrency adoption for merchants. They aimed to simplify the process for businesses navigating the emerging digital asset landscape.
OpenNode serves a diverse range of businesses, from online retailers to global enterprises, empowering them to tap into the Bitcoin economy. The company’s long-term vision is to establish Bitcoin as a fundamental payment rail, making secure and efficient cross-border digital payments accessible to businesses worldwide and driving broader adoption of decentralized finance solutions.
OpenNode has raised $20.0M across 1 funding round.
OpenNode has raised $20.0M in total across 1 funding round.
OpenNode has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series A in February 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2022 | $20M Series A | Kingsway | Cathay Innovation, Draper Associates, LAUNCH, Jonathan Chizick, Kurt Bilafer, RON Pragides, Stephen Garden, TIM Draper, Avon Ventures, Twitter | Announced |
OpenNode has raised $20.0M in total across 1 funding round.
OpenNode's investors include Kingsway, Cathay Innovation, Draper Associates, LAUNCH, Jonathan Chizick, Kurt Bilafer, Ron Pragides, Stephen Garden, Tim Draper, Avon Ventures, Twitter.
OpenNode is a Bitcoin payments infrastructure platform that enables businesses to accept, process, and send Bitcoin payments globally, primarily powered by the Bitcoin Lightning Network for instant, low-cost transactions.[1][2][3][4] It offers products like hosted checkouts, e-commerce plugins, APIs, invoicing, payouts, payroll, and currency conversions, serving companies in 126 countries across sectors such as eCommerce, billing, and in-person payments.[1][2][4][5] By simplifying Bitcoin integration without code, OpenNode solves the complexity and volatility risks of crypto payments, allowing seamless fiat conversions and instant settlements while connecting users to Bitcoin's decentralized network.[1][3][4]
The company targets merchants, platforms, and individuals seeking scalable payment solutions, with a mission to empower global adoption of Bitcoin as superior digital money.[1][3][4] Backed by investors like F-Prime Capital, OpenNode demonstrates growth through expansions like regulatory approval for Bitcoin payment testing in Bahrain.[1][3]
OpenNode was founded in 2017 (with some sources noting 2018) in Los Angeles, California, amid rising interest in Bitcoin as a payment rail.[1][2][3] Specific founders are not detailed in available sources, but the company emerged to address Bitcoin's scalability challenges by leveraging the Lightning Network—a layer-2 protocol for faster, cheaper transactions on Bitcoin's blockchain.[1][3][6] Early traction came from providing turn-key solutions like no-code checkouts and APIs compatible with all Bitcoin wallets, quickly gaining support from influential global investors including F-Prime Capital's 2020 investment.[1][3]
Pivotal moments include expanding to 126 countries and recent regulatory wins, such as Bahrain's Central Bank approval to test its infrastructure in a sandbox, signaling institutional validation.[1]
These set OpenNode apart from competitors like CoinPayments, CoinGate, and Triple-A, which offer multi-crypto support but lack OpenNode's Bitcoin/Lightning focus and instant settlement edge.[2]
OpenNode rides the Bitcoin Lightning Network trend, enabling mass adoption by making crypto payments viable for everyday business use amid growing demand for decentralized, borderless alternatives to fiat systems.[1][3][6] Timing aligns with regulatory progress—like Bahrain's sandbox testing—and Bitcoin's maturation as a global asset, fueled by ETF approvals and institutional inflows that boost liquidity and stability.[1] Market forces favoring OpenNode include rising e-commerce globalization, high traditional payment fees (2-3% vs. Lightning's sub-penny costs), and Bitcoin's fixed supply hedging inflation.[3][4]
It influences the ecosystem by onboarding businesses to Bitcoin, fostering network effects that increase Lightning capacity and utility, while competing with legacy processors in fintech.[2][5]
OpenNode is poised to capture share in the $10T+ global payments market as Lightning Network throughput surges past 5,000 BTC capacity, with expansions into new regions like the Middle East via regulatory nods.[1][6] Upcoming trends—Bitcoin DeFi growth, stablecoin bridges, and Web3 commerce—will amplify its API-driven model, potentially driving 10x payment volume if adoption mirrors 2021-2025 crypto booms.[4] Influence may evolve toward full-stack Bitcoin rails, partnering with enterprises for payroll and remittances, solidifying its role in a Bitcoin-powered financial future that started with simplifying the world's hardest money for everyday use.[1][3]