Hong Kong billionaire Li Ka-shing has invested in BitPay Inc., a payment service provider specializing in eCommerce and B2B solutions for virtual currencies.
The Details on BitPay:
- Founded in May 2011 by Anthony Gallippi and Stephen Pair.
- Offices in Canada, Europe and the United Kingdom, with headquarters located in Atlanta.
- Exceeded $100,000,000 in Bitcoin transactions processed this year
- Handle transactions for 15,500 companies (up from 1,300 a year ago) across 200 countries.
- About half of transactions are in the United States, with 25% in Europe and 25% in the rest of the world.
- Raised $2.7 million in angel and venture capital funding.
- Some of their other investors include the Founders Fund, A-Grade Holdings, Shakil Khan, and the Bitcoin Opportunity Fund.
The Details on Li Ka-shing:
- Li Ka-shing made this investment through his venture capital company, Horizons Ventures, an early investor in companies such as Facebook, Waze, Skype and Summly.
- Forbes list : #30 Powerful People, #8 Billionaires
- His empire spans 260,000 employees in 52 countries
- Shares in his largest holdings jumped in the past year, adding $5.5 billion to his fortune.
Hypepotamus is a publication, housed in open collaborative space, where startup stories are living and told. The doors are open for students, developers, creatives and tech entrepreneurs willing to participating in the startup ecosystem. Hypepotamus is nonprofit, community supported and located at the historic Biltmore in Midtown, Atlanta.
