- Founded
- 2016-01-01
- Headquarters
- London, England
Bitpace is a financial technology company that provides a comprehensive cryptocurrency payment gateway and digital wallet solution for businesses worldwide. Founded in 2016 by Anil Öncü, who experienced currency instability growing up in Turkey, the company aims to democratize digital payments and create a more financially inclusive world. Headquartered in London, Bitpace enables merchants to accept, send, and store digital payments seamlessly, bridging the gap between traditional fiat systems and the crypto economy. The platform supports over 75 currencies (both crypto and fiat) and processes more than 5 million transactions monthly for over 1,000 registered merchants across e-commerce, forex brokerage, payment service providers, travel, and real estate. Bitpace differentiates itself through real-time liquidity aggregation from multiple providers, ensuring optimal pricing and minimal slippage, and offers a white-label solution for businesses to integrate the payment gateway under their own brand. The company is regulated in Canada as a Money Services Business by FINTRAC and in the Comoros via an international brokerage licence, and holds ISO 27001 certification for information security. With a team of 51 to 200 employees, Bitpace is privately held and competes with gateways like BitPay and Coinbase Commerce.
Detailed Review
Background & Founding
Bitpace was launched in 2016 by a small group of cryptocurrency enthusiasts led by Anil Öncü, who experienced firsthand the impact of currency instability while growing up in Turkey. The company originally operated under the name SG Veteris before rebranding as Bitpace. Its mission is to democratise digital payments and create a more financially inclusive world, particularly for underserved populations.
Products & Platform
The core product is a crypto payment gateway that lets merchants accept payments in cryptocurrency and automatically settle the proceeds in EUR, GBP, USD, or a preferred crypto. Key features include payment processing with deposits, withdrawals, and instant settlements; a digital wallet with a white-label option; a liquidity aggregation engine that connects to multiple providers in real time, avoiding single-exchange dependence; automated fiat-crypto swap; live dashboard and billing for real-time transaction monitoring and invoice management; and industry-specific solutions for e-commerce (plugins), forex brokers, PSPs, travel, and real estate.
Regulation & Compliance
Bitpace operates through two legal entities: Q500 Canada Inc., a FINTRAC-registered Money Services Business in Toronto, and Chiral Limited, which holds an international brokerage licence in the Comoros (MISA). The company is ISO 27001 certified, demonstrating adherence to international information security standards. Services may vary or be unavailable in certain jurisdictions.
Market Position
With a focus on simplicity and reliability, Bitpace competes with other crypto payment gateways such as BitPay, Coinbase Commerce, and CoinGate. Its emphasis on liquidity aggregation and white-label offerings gives it an edge for larger merchants who need customisation and price stability. The company has been featured at Money20/20 Europe and partners with FX brokers and financial institutions.
Strengths & Challenges
Strengths include a multi-liquidity model that reduces slippage, broad industry support, and a strong compliance posture (FINTRAC, MISA, ISO 27001). Challenges common to the sector include regulatory fragmentation, volatility exposure, and the need to educate merchants on crypto-adoption risks.
Key Products
Crypto Payment Gateway
Accepts crypto payments from customers with automatic settlement in fiat or crypto, supporting over 75 currencies.
White-Label Wallet Solution
A plug-and-play digital wallet that runs under the merchant’s own brand.
Liquidity Aggregation Engine
Real-time pricing from multiple liquidity providers to minimise slippage and optimise transaction rates.
Fiat-Crypto Settlement
Instant settlement of transactions in EUR, GBP, USD, or preferred cryptocurrency.
Live Dashboard & Billing
Real-time transaction monitoring, deposits/withdrawals, and invoicing tools.
Industry-Specific Plugins
Tailored integrations for e-commerce, forex brokers, PSPs, travel, and real estate sectors.
Offices & Headcount
125 employees (approx.)
Key Persons
- Anil Öncü
Co-Founder & Group CEO