Bitrefell, a company that provides digital gift cards and mobile airtime refills to 170 countries using Bitcoin technologies, recently announced it secured $2 million through its latest seed funding round, which was led by Coin Ninja, with participation from Charlie Lee, Fulgur Ventures, and Bnktothefuture.
Founded in2014, Bitrefell claims it offers an evolving shopping platform with innovative cryptocurrency payment options, including the latest Lightning Network technology.
“Bitrefill lets you top up any prepaid mobile phone using bitcoin. We support prepaid SIM cards from over 600 operators in [170] countries. Using Bitcoin allows us to cut costs, and pass the savings on to you. Full privacy and the top up happens as soon as the transaction clears.”
While sharing details about the investment round, Sergej Kotliar, Founder and CEO, Bitrefill, stated:
“We see it as a big token of trust that investors from the Bitcoin and broader cryptocurrency community have chosen to put their money behind us and support us in our growth journey.”
The Bitrefell team went on to add:
“We were first to market with payment acceptance and remain as the largest commercial actor on the Lightning Network. In 2019, we released the Thor & Thor Turbo products, which assist with onboarding to the Lightning Network. These services are now available via a new ThorAPI service, allowing any platform to integrate seamless channel creation, capacity management, and Bitcoin refills from Bitrefill with minimal friction.”