Bitwave Raises $15M in Series A Funding
Summary
Bitwave, a San Francisco, CA-based provider of an enterprise-focused digital asset finance platform, raised $15M in Series A funding. Led by CEO Pat White and COO Amy Kalnoki, Bitwave provides an enterprise-focused digital asset finance platform designed to manage tax, accounting, and compliance for cryptocurrency, DeFi, and NFTs. The company is purpose-built to help finance and accounting professionals mitigate the challenges of operating with digital assets with functionality, including everything from bookkeeping to AR/AP, bill pay, treasury management. It holistically addresses the complex process, audit, accounting, tax, and reporting needs of sophisticated financial organizations that custody, trade, and use digital assets. The solution builds directly on Bitwave’s flagship enterprise product, which enables digital asset accounting, tax, bookkeeping, invoicing, and more for businesses, but with additional features such as segregated balance sheet tracking, internal and external system reconciliations, and proof of liability and reserve publishing.