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Founded Year

2013

Stage

Series C | Alive

Total Raised

$186.14M

Valuation

$0000 

Last Raised

$100M | 1 mo ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+10 points in the past 30 days

About BitGo

BitGo provides regulated custody, financial services, and core infrastructure for investors. The company delivers a bitcoin security platform to mitigate risk and optimizes capital efficiency. It offers a multi-signature wallet, portfolio management, corporate treasury, and enterprise enablement to secure Bitcoin from theft and loss. The company was formerly known as WhenSoon and Twist and Shout. It was founded in 2013 and is based in Palo Alto, California.

Headquarters Location

2443 Ash Street

Palo Alto, California, 94306,

United States

650-847-0009

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ESPs containing BitGo

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Capital Markets Tech

The crypto asset custody market refers to the business of storing and securing digital assets such as cryptocurrencies, tokens, and other digital assets on behalf of clients. The market has grown significantly in recent years due to the increasing adoption and value of cryptocurrencies and other digital assets. Custody providers typically offer a range of services including secure storage, insuran…

BitGo named as Leader among 15 other companies, including Fireblocks, Gemini, and Ledger.

BitGo's Products & Differentiators

    Wallet Platform

    BitGo’s wallet platform creates an ideal balance between security and accessibility—enabling clients to move assets seamlessly and reliably, protected by BitGo’s pioneering multi-key security, multi-user policy controls, and advanced security configurations. BitGo offers flexible wallet security and transaction policy features to address a range of business needs. Protect your wallet against any single point of failure with BitGo's multi-key security. Enforce controls and policies using whitelists, velocity limits, and administrative approvals.

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Research containing BitGo

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned BitGo in 5 CB Insights research briefs, most recently on Feb 23, 2023.

Expert Collections containing BitGo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BitGo is included in 4 Expert Collections, including Blockchain.

B

Blockchain

6,843 items

Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.

F

Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

F

Fintech

8,088 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

B

Blockchain 50

50 items

BitGo Patents

BitGo has filed 3 patents.

The 3 most popular patent topics include:

  • Cryptography
  • Key management
  • Alternative currencies
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/14/2018

9/14/2021

Cryptocurrencies, Cryptography, Alternative currencies, Key management, Bitcoin exchanges

Grant

Application Date

12/14/2018

Grant Date

9/14/2021

Title

Related Topics

Cryptocurrencies, Cryptography, Alternative currencies, Key management, Bitcoin exchanges

Status

Grant

Latest BitGo News

Crypto Wallet Market to grow by USD 686.05 million from 2021 to 2026 | Growth Driven by People's inclination towards digital currency- Technavio

Sep 18, 2023

| Growth Driven by People's inclination towards digital currency- Technavio News provided by Share this article Share toX NEW YORK, Sept. 18, 2023 /PRNewswire/ -- The crypto wallet market by product (software-based and hardware-based) and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to the Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the crypto wallet market from 2021 to 2026 is USD 686.05 million, according to Technavio. People's inclination towards digital currency is a key factor driving market growth. Digital currencies offer a world of possibilities with faster and more affordable bank transfers, a boom in retail e-commerce, an increase in currency transactions in low-income countries, and an increase in international remittances. Furthermore, payment in digital currency will reduce payment risks in the financial system. The need for a reliable, long-term store of value is a popular reason to invest in cryptocurrencies. Most cryptocurrencies, unlike fiat currencies, have a limited supply constrained by mathematical algorithms. Hence, this inclination toward digital currencies is expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here Market Challenge The misuse and security attacks that confine the adoption of cryptocurrencies is significant challenge restricting market growth. Many regulators are concerned about criminals increasingly abusing digital currency for illegal activities, as it is an unregulated, decentralized, and uncontrolled exchange platform. Furthermore, criminals use digital currencies to carry out a variety of illegal activities, including tax evasion, money laundering, and terrorist financing. Businesses and governments are concerned that criminals can hide their financial activities from authorities due to the decentralized and anonymous nature of digital money transfers. In addition, the government has the right to restrict cryptocurrency exchanges according to legislation regarding the monitoring of illegal activities. Hence, this inclination toward digital currencies is expected to restrict market growth during the forecast period. The crypto wallet market is segmented by product (software-based and hardware-based) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The crypto wallet market share growth by the software-based segment will be significant during the forecast period. The software-based segment growth can be attributed to how simple it is to use, as software-based wallets operate online. Software wallets are essentially desktop apps or browser add-ons that make it easy to send, receive, and store cryptocurrencies. Since funds are held online, software wallets are also known as hot wallets. The growth of the software segment can be attributed to its ease of use as software wallets operate online. Furthermore, it acts like a browser plugin, allowing users to easily interact with things like decentralized applications and decentralized finance (DeFi) protocols. In addition, software wallets relate to public and private keys, which facilitate transactions and serve as a guarantee of security. Hence, this inclination toward digital currencies is expected to drive segment growth during the forecast period. With a 41% share, North America is currently the largest market for Crypto Wallets due to the presence of new players and growing demand from this region. View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report. Key Companies in the Crypto Wallet Market: ARCHOS SA, Binance Services Holdings Ltd., BitGo Inc., BitLox Ltd., BitPay Inc., Bittrex Global GmbH, Breadwinner AG, Coinkite Inc., CoolBitX Ltd., ELLIPAL Ltd., Exodus Movement Inc., Gemini Trust Co. LLC, iFinex Inc., Ledger SAS, OPOLO Sarl, SecuX Technology Inc., ShapeShift AG, Shift Crypto AG, Sofitto NV, and Trezor Company sro Related Reports The e-wallet market size is estimated to grow at a CAGR of 26.41% between 2022 and 2027. The market size is forecast to increase by USD 163.43 billion. The growth of the market depends on several factors, including the rising number of online transactions, the rise in the use of wireless networks, and the surge in compliance requirements. The Global Cryptocurrency Market size is estimated to grow at a CAGR of 15.81% between 2022 and 2027. The market size is forecast to increase by USD 1,815.78 million. This cryptocurrency market report extensively covers market segmentation by Type (bitcoin, Ethereum, and others), Component (hardware and software), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). Rising investment in digital assets is one of the key drivers fueling the cryptocurrency market's growth. Crypto Wallet Market Scope Key companies profiled ARCHOS SA, Binance Services Holdings Ltd., BitGo Inc., BitLox Ltd., BitPay Inc., Bittrex Global GmbH, Breadwinner AG, Coinkite Inc., CoolBitX Ltd., ELLIPAL Ltd., Exodus Movement Inc., Gemini Trust Co. LLC, iFinex Inc., Ledger SAS, OPOLO Sarl, SecuX Technology Inc., ShapeShift AG, Shift Crypto AG, Sofitto NV, and Trezor Company sro Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. ToC: About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts

BitGo Frequently Asked Questions (FAQ)

  • When was BitGo founded?

    BitGo was founded in 2013.

  • Where is BitGo's headquarters?

    BitGo's headquarters is located at 2443 Ash Street, Palo Alto.

  • What is BitGo's latest funding round?

    BitGo's latest funding round is Series C.

  • How much did BitGo raise?

    BitGo raised a total of $186.14M.

  • Who are the investors of BitGo?

    Investors of BitGo include Redpoint Ventures, Valor Equity Partners, Craft Ventures, Galaxy, DRW Venture Capital and 14 more.

  • Who are BitGo's competitors?

    Competitors of BitGo include Circle, Onramp Invest, Parfin, Ledger, Liminal, Polysign, Matrixport, Toss, Zoona, Apex Crypto and 35 more.

  • What products does BitGo offer?

    BitGo's products include Wallet Platform and 4 more.

  • Who are BitGo's customers?

    Customers of BitGo include Nike, BitcoinIRA, SoFi and Bullish.

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  • Stalk the smart money
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Compare BitGo to Competitors

Ledger Logo
Ledger

Ledger is a global platform for digital assets and Web3. It offers various products such as integrated tools and live applications to enable consumers to securely buy, store, swap, grow, and manage cryptocurrencies. The company was founded in 2014 and is based in Paris, France.

Circle Logo
Circle

Circle provides a financial technology solution allowing users to send and receive funds globally. It offers crypto treasury management solutions for businesses to manage digital assets. It serves asset managers, financial technology companies, and financial institutions. The company was founded in 2013 and is based in Boston, Massachusetts.

L
Lianlian Pay

Lianlian Pay, operated by Lianlian Group, is a mobile and micropayment service provider. The company operates a network of agents in China where consumers can convert cash into mobile-phone minutes. It allows customers to purchase airline tickets, video gaming credits, and utility bills with its network. It was founded in 2003 and is based in Hangzhou, China.

Paytm Payments Bank Logo
Paytm Payments Bank

Paytm Payments Bank, the payments bank business of Paytm, is building a new business model in the banking industry, focused on bringing financial services to hundreds of millions of unserved or underserved Indians.

Airwallex Logo
Airwallex

Airwallex offers a payment platform for modern businesses. It allows customers to issue and pay international invoices and bills and offers domestic and international business accounts, company cards, and expense management through its integrated platform. The company was founded in 2015 and is based in Melbourne, Australia.

Coins.ph Logo
Coins.ph

Coins.ph provides a blockchain-based platform. It offers consumers access to basic financial services, such as remittances, bill payments, and mobile airtime. It was founded in 2014 and is based in Pasig City, Philippines. In April 2022, Coins.ph was acquired by Wei Zhou.

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