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Singaporean Bitcoin payment firm GoCoin pockets $1.4M in first funding round

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March 27
8:46 AM 2014

Digital currency payment company GoCoin has secured $1.5 million in its Series A financing round. Former Facebook executive Owen Van Natta, Bitcoin Shop, and Crypto Currency Partners are among the investors in the said round, according to Tech In Asia.

Coindesk cited GoCoin Chief Executive Officer (CEO) Steve Beauregard saying: "We've had an international multi-currency focus since day one, and this round will help extend our global footprint and take our services to the next level."

The Singaporean firm plans to use the new capital to beef up its sales and technology workforce. This is aimed toward accommodating the growing demand for digital currency payment systems, the report added.

Founded in July 2013, GoCoin ranks third among the payment providers for cryptocurrency in the world, according to co-founder Brock Pierce. What sets it apart form its competitors is its acceptance of other digital currencies such as Litecoin and Dogecoin, Tech In Asia reported.

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