Bitcoin beach wallet creator Galoy raises $4 million

Quick Take

  • Bitcoin-native banking software company and creator of El Salvador’s Bitcoin beach wallet Galoy raises $4 million. 
  • The lead investor is Hivemind Ventures. Other backers include Valor, Kingsway Capital and AlphaPoint. 

Bitcoin-native banking software company Galoy this morning announced a $4 million fundraise led by Hivemind Ventures. 

Co-founded in 2019 by Nicolas Burtey and Chris Hunter, Galoy provides a suite of tools that enable merchants and consumers to use the Lightning network for payments and create tools for bitcoin-native banking services. 

The Lightning network is a payment layer that sits on top of the bitcoin network, promising cheaper and faster transactions for bitcoin payments. <