Bitwave
Bitwave provides enterprise crypto accounting, stablecoin B2B payments, and audit-ready financial reporting software that integrates 50+ blockchains, exchanges, custodians, and DeFi protocols with major ERP systems for crypto-native firms, enterprises, and institutions globally.
- Company typePrivate
- Founded2018
- HeadquartersSan Francisco, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Bitwave does
Bitwave (legal entity BitAlpha, Inc.) is a venture-backed software company that provides enterprise-grade crypto accounting, stablecoin B2B payments, and audit-ready financial reporting for organizations that hold, transact in, or accept digital assets. Founded in 2018 by Pat White and Amy Kalnoki and headquartered in San Francisco with a Miami registered address and a fully remote team distributed across 7+ countries, Bitwave serves three configured customer segments — crypto-native startups, enterprises (e.g., Bitcoin mining, staking and validator operations, stablecoin AP/AR), and institutions (exchanges, custodians, fund administrators) — through named customers including Coinbase, OpenSea, Compound, Polygon, Figment, Blockdaemon, Aptos, Stellar, Ledger, The Graph, Greenidge Generation, Pudgy Penguins, Dexalot, and AngelList.
The platform is built around an Enterprise-Grade Subledger that ingests and normalizes on-chain data from 50+ blockchains, dozens of exchanges (Coinbase, Binance, Kraken, Gemini, Bitfinex, Bitstamp), custodial wallets (Fireblocks, NYDIG, BitGo, Anchorage), DeFi protocols (Aave, Compound, Uniswap, Maker, Yearn, Sushiswap), and multi-signature wallets (Gnosis Safe, Zebec, Electrum), then synchronizes the resulting journal entries with major ERP systems including Oracle NetSuite, Sage Intacct, Xero, and QuickBooks, with custom data-warehouse flows into Google BigQuery and Snowflake. Reporting is GAAP/IFRS-compliant with flexible cost-basis methods (FIFO, LIFO, Cost Averaging, Spec ID), digital asset impairment, fair value accounting, and segregated client/internal data tracking for institutional FBO use cases. The platform is SOC 1 Type 2 and SOC 2 Type 2 compliant, PCI-DSS aligned for cardholder data, and is a member of the DTCC Tokenization Industry Working Group alongside BlackRock, J.P. Morgan, Goldman Sachs, Citi, Morgan Stanley, and State Street.
Bitwave operates a sales-led, demo-gated go-to-market with quote-based tiered pricing across Startups, Enterprises, and Institutions configurations, billed annually in advance with transactional fees invoiced monthly in arrears and professional services for setup and training. Distribution combines direct enterprise sales, a Bitwave Certified partner program with 35+ CPA and accounting firms (Deloitte, Aprio, Attivo, Burkland, Centri, EisnerAmper, Fuel3, The Network Firm), and strategic platform partnerships such as AngelList and Deloitte Tax LLP. The company has raised $22.25M in total funding (a $7.25M seed in August 2021 led by Blockchain Capital and a $15M Series A in December 2022 co-led by Hack VC and Blockchain Capital), completed two acquisitions in 2023 (Multisig Media and Gilded), and has recently extended the platform into non-custodial Stablecoin B2B Payments and an AI-agent-driven financial automation offering branded OpenClaw Accounting.
Bitwave firmographics
Firmographics- Name
- Bitwave
- Legal name
- BitAlpha, Inc.
- Website
- https://bitwave.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Bitwave provides enterprise crypto accounting, stablecoin B2B payments, and audit-ready financial reporting software that integrates 50+ blockchains, exchanges, custodians, and DeFi protocols with major ERP systems for crypto-native firms, enterprises, and institutions globally.
- Ownership category
- akta.pro rank
Bitwave industry classification
Industry- Product category
- Digital Asset Accounting Software
- akta.pro primary industry
- Blockchain Data & Indexing Infrastructure for Finance (Nodes, Indexers, Oracles) (FSAGAMAL)
Keywords
Where Bitwave is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Bitwave business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Subscription (SaaS platform fees): Tiered subscription pricing across three configurations (Startups, Enterprises, Institutions) sold via sales-led motion; fees paid annually in advance per Terms of Service Section 2.2. No public pricing; quotes negotiated.
- Transactional fees: Transactional fees are invoiced monthly in arrears per Terms of Service Section 2.2, complementing annual platform subscriptions.
- Professional Services (set-up & training): Set-up and training professional services provided solely to fee-bearing Customers as defined in the Order.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | For Startups - for degens and .xyz domain-holders on the front lines of web3 |
| Subscription | Annual | For Enterprises - innovative enterprises at any stage of digital asset growth |
| Subscription | Annual | For Institutions - trusted exchanges and custodians managing critical customer data |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels10 records
Bitwave product offering
Product offeringCore offering
Bitwave provides an enterprise software platform that ingests and normalizes on-chain transaction data from 50+ blockchains, exchanges, custodial wallets, DeFi protocols, and multi-signature wallets, then synchronizes the data with ERP systems (Oracle NetSuite, Sage Intacct, Xero, QuickBooks) as an enterprise-grade digital asset subledger. The platform adds GAAP/IFRS-compliant audit-ready reporting, automated reconciliation, and a non-custodial stablecoin B2B payments (AR/AP) module for enterprise finance teams.
Product overview
Bitwave is offered as a unified enterprise software stack for crypto accounting, stablecoin B2B payments, and reporting, sold as a platform-plus-modules architecture under three customer configurations (Startups, Enterprises, Institutions). The core Bitwave Platform is composed of several integrated modules: the Enterprise-Grade Subledger (Crypto Subledger) and Onchain Accounting sit at the foundation and sync every on-chain transaction from blockchains, wallets, exchanges, and DeFi protocols directly into the customer's ERP; Automated Accounting, DeFi Monitoring, Reconciliation, Data Fusion, and Audit-Ready Reporting layer on top to deliver GAAP/IFRS-compliant financial statements. The Stablecoin B2B Payments add-on module — including Onchain AP (Accounts Payable), Onchain AR (Accounts Receivable), FX, and the Vendor Payment Network — extends the platform into non-custodial stablecoin invoicing and on-chain settlement. Bitwave Institutional (FBO Accounting) and Bitwave for Fund Administrators package the platform for exchanges, custodians, and fund administrators, while industry-specific solutions cover NFT Creators & Marketplaces, Bitcoin Mining, Staking & Validator Operations, Blockchains (L1s/L2s), and a forthcoming Stablecoin Issuers offering. Bitwave University (BitwaveU) and whitepapers such as the Enterprise Playbook for Stablecoin-Powered B2B Payments and the 4-Step Maturity Model provide structured education. The portfolio also includes the acquired brands Gilded (crypto payments and reporting, acquired September 7, 2023) and Multisig Media (Web3 accounting CPE and news, acquired April 25, 2023), and is augmented by the Bitwave Partner Program for certified crypto accounting firms and CPAs.
Differentiator
Problem solved
Functional benefit
Brands
- Bitwave Institutional: A product line targeted at financial institutions, exchanges, and custodians that manage digital assets with audit-ready tracking and segregated data sets per client beneficiary account.
Products and services
- Bitwave Platform The core enterprise software stack that unifies on-chain accounting, stablecoin B2B payments, and audit-ready reporting for global finance and accounting teams. Built for SOC 1 Type 2 and SOC 2 Type 2 compliance.
- Stablecoin B2B Payments Non-custodial crypto invoicing and on-chain B2B payments for accounts payable, accounts receivable, and FX, with configurable approval flows and integration with existing ERP and AR/AP systems.
- Onchain AP (Stablecoin Accounts Payable) Lets enterprises pay vendors in stablecoin/crypto with on-chain settlement and full audit trail integrated with the ERP.
- Onchain AR (Stablecoin Accounts Receivable) Lets enterprises receive crypto payments from customers with invoices and receipts generated and tracked on-chain.
- Enterprise-Grade Subledger (Crypto Subledger) Syncs every on-chain transaction from any blockchain, wallet, exchange, or protocol directly into the customer's ERP, with customizable inventory segregation methods, cost basis strategies, and time or lot-based identification.
- Automated Accounting Automates invoice matching, smart transaction categorization, internal transfer detection, and direct ledger posting to eliminate manual data entry.
- DeFi Monitoring Provides total visibility into DeFi activity with accrued rewards tracking, a DeFi dashboard showing point-in-time balances, and automatic transaction categorization.
- Bitwave Institutional (FBO Accounting) Allows exchanges and custodians to manage client assets with segregated data sets per client beneficiary account (FBO accounting) and meet financial and regulatory requirements.
- Bitwave for Fund Administrators Enables fund administrators to manage digital asset portfolios with real-time compliance and reporting.
- Audit-Ready Reporting Generates GAAP/IFRS-compliant financial reports across all subsidiaries and currencies with flexible digital asset impairment, fair value accounting, and complex cost basis transfers.
- Reconciliation Matches invoices and categorizes transactions with powerful automation for digital assets.
- Data Fusion Aggregates, processes, and enriches data from any database or source, including custom integrations with Google BigQuery and Snowflake.
- Bitwave University (BitwaveU) Free, on-demand education platform offering NASBA-licensed CPE self-study courses on digital asset tax, accounting, and compliance, plus Bitwave Certification course tracks.
Companies that use Bitwave
Customer profileNamed customers19 records
Segments5 records
Ideal customer profiles5 records
Bitwave technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration58 records
AI capability7 records
Feature7 records
Bitwave partnerships and signals
Strategic signalPartnerships
35 partnerships are on record, tiered flagship, core and minor.
- GildedflagshipAcquired by Bitwave on September 7, 2023. Gilded is a crypto payments and reporting platform. Integration enhances crypto payment management and expense tracking, expanding Bitwave's enterprise digital asset finance solutions and Web3 payments leadership.
- Multisig MediacoreAcquired by Bitwave (April 25, 2023). Multisig Media is a provider of Web3 accounting CPE (Continuing Professional Education) and news, broadening Bitwave's services in the blockchain and Web3 accounting sector.
- AngelListflagshipStrategic partnership announced Dec 2024 to streamline digital asset management for AngelList's venture fund clients. Bitwave provides real-time digital asset tracking, automated tax and accounting workflows, and regulatory compliance (GAAP, IFRS) via platform integration. AngelList supports $124B+ AUM, 26K funds, 85K investors.
- DeloitteflagshipDeloitte Tax LLP and Bitwave formed a strategic alliance to revolutionize digital asset accounting and compliance. Deloitte provides tax and advisory services leveraging Bitwave's platform; Rob Massey (Partner, Deloitte Tax LLP, global US tax blockchain and digital assets leader) is a public endorser. Deloitte case study highlights Bitwave's automation of data flow from 70+ blockchains and DeFi ecosystems into ERP systems.
- Oracle NetSuiteflagshipNative ERP integration: Bitwave syncs data in real-time with Oracle NetSuite, eliminating manual errors and enabling seamless reporting.
- Sage IntacctcoreNative ERP integration displayed on homepage and integrations page.
- XerocoreNative ERP integration displayed on homepage and integrations page.
- Intuit QuickBookscoreNative ERP integration displayed on integrations page; supports SMB and mid-market crypto accounting customers.
- FireblockscoreCustodial wallet integration displayed on integrations page.
- NYDIGcoreCustodial wallet integration displayed on integrations page.
- BitGocoreCustodial wallet integration displayed on integrations page.
- AnchoragecoreCustodial wallet integration displayed on integrations page.
- StripecoreThird-party payment processor for Bitwave fees (credit card, debit card, bank account) per Terms of Service Section 2.3; customers are bound by Stripe's agreements.
- ApriocoreBitwave Certified partner; premier CPA and business advisory firm offering advisory, assurance, tax, outsourcing, staffing, and private client services.
- Attivo PartnerscoreBitwave Certified partner; full-service Finance & Accounting firm serving founders and emerging growth companies.
- Burkland AssociatescoreBitwave Certified partner; well-known startup accounting firm providing bookkeeping, financial reporting, month-end close, FP&A, controller services.
- Centri Business ConsultingcoreBitwave Certified partner; finance and accounting consulting firm; Centri's Mike Andrusko is referenced as Fintech Practice Leader (also associated with PwC background and Wall Street Blockchain Alliance).
- Chainbridge Accounting & AdvisorycoreBitwave Certified partner; full-service accounting/advisory for companies on Canton Network, Bitcoin, Ethereum, Solana, Avalanche, Arbitrum, Base, Aptos. Featured in Temple Digital Group case study on homepage.
- CipherCountscoreBitwave Certified partner; boutique crypto accounting firm combining Big Four expertise with advanced technology (DeFi, NFTs, DAOs, perps, marketplaces, mining, validators, tokenomics).
- CryptAcce (FinAcce division)coreBitwave Certified partner; web3-focused accounting and advisory firm specializing in early-stage crypto startups (end-to-end bookkeeping, tax planning, compliance, operational support).
- CryptEdge ConsultingcoreBitwave Certified partner; CPA-led Web3 and AI Finance Operations firm (Financial Accounting, Tax, Advisory, Assurance).
- Crypto Accounting Group (CAG)minorBitwave Certified partner; bookkeeping, accounting, and CFO advisory for startup and mid-tier Web3 companies.
- EisnerAmpercoreBitwave Certified partner; one of the largest business consulting firms in the world (EisnerAmper LLP for attest + Eisner Advisory Group LLC for non-attest).
- Fuel3coreBitwave Certified partner; outsourced Accounting, Controller and CFO services for crypto companies since 2019.
- Graphite FinancialcoreBitwave Certified partner; boutique finance, accounting, and strategy firm with multiple US offices.
- Hash BasiscoreBitwave Certified partner; crypto accounting firm focused on shaping the future of the crypto accounting profession through web3 expertise.
- MetaCountscoreBitwave Certified partner; one-stop shop for crypto accounting and taxes including audit support and back-office services to corporations, DAOs, family offices, and individuals.
- OnChain AccountingcoreBitwave Certified partner; helps Web3 and blockchain companies streamline accounting and finance (bookkeeping, financial reporting, tax preparation, fractional CFO).
- Propeller IndustriescoreBitwave Certified partner; leading strategic financial advisory firm for venture-stage companies including crypto accounting and M&A support.
- The Cash Flow DoctorminorBitwave Certified partner; tax & accounting firm specializing in NFT/Web3/crypto clients and small business.
- The Network Firm (TNF)coreBitwave Certified partner; U.S. domiciled CPA firm 100% focused on digital assets and crypto industry (audit, accounting, advisory for exchanges, stablecoins, RWA, miners, token projects, DAOs).
- JFDI AccountantscoreListed Bitwave partner (non-certified tier); headquartered in Las Vegas, recognized as a global leader in cryptocurrency accounting with a custom Enterprise Back-Office suite.
- Harris & TrottercoreListed Bitwave partner (non-certified tier); international leader in cryptocurrency, blockchain and web 3.0 space; independent member of BKR.
- Kaufman RossincoreListed Bitwave partner (non-certified tier); Florida-based professional services firm with 500+ employees serving clients in dozens of countries.
- WithumcoreListed Bitwave partner (non-certified tier); forward-thinking, technology-driven advisory and accounting firm with expertise in digital currency environment.
Scale indicators8 records
Recent moves5 records
Expansion highlights8 records
Bitwave competitors and assessment
Company assessmentDirect peers
- TaxBit: TaxBit is an enterprise crypto tax, accounting and reporting platform serving exchanges, financial institutions and enterprise Web3 customers with GAAP/IFRS-compliant reporting. It is the closest direct peer to Bitwave in the institutional crypto accounting category and competes head-to-head for the same logos (Coinbase, Circle, Gemini, etc.).
- Lukka: Lukka provides enterprise crypto data, pricing, valuation and back-office software for funds, auditors and institutions. Its middle- and back-office stack and institutional customer base (fund admins, auditors, exchanges) make it a direct competitor to Bitwave's core subledger and reporting modules.
- Ledgible: Ledgible is a crypto tax and accounting platform positioned for enterprises, accountants and institutions with GAAP-compliant reporting and cost basis tracking. It directly competes with Bitwave for crypto accounting and reporting workloads, particularly in the US enterprise and accounting firm channels.
- Cryptoworth: Cryptoworth (by Tactic) is an enterprise crypto accounting platform that syncs on-chain data, wallets and exchanges into ERP systems for accounting, audit and tax. It targets the same enterprise and accounting firm buyer as Bitwave and overlaps materially in feature set.
- CoinTracker: CoinTracker is one of the most recognized crypto tax and portfolio tracking platforms with consumer and professional tiers and partnerships with major US exchanges and TurboTax. While it started consumer-focused, its professional and business tiers overlap with Bitwave's Startups configuration and adjacent accounting workflows.
- SoftLedger: SoftLedger is a crypto-native accounting and ERP platform purpose-built for digital asset businesses, with on-chain data syncing, multi-currency and multi-entity support. It targets a similar mid-market and enterprise crypto customer as Bitwave and competes on the same accounting and reporting workflows.
- Verady: Verady provides crypto accounting software (Ledgible and Veralytix) and audit-ready data services for institutions, fund admins and accounting firms. It is a direct competitor in the institutional digital asset accounting and reporting category where Bitwave Institutional also competes.
Emerging players
- Blockpit: Blockpit (which acquired ACCOINTING) is a European crypto tax and portfolio tracking platform expanding into professional and enterprise tiers. It is comparable to Bitwave in core crypto tax/accounting workflows but is more Europe-focused and historically stronger in the consumer and SMB segments.
Broad incumbents
- Fireblocks: Fireblocks is an institutional digital asset custody, settlement and tokenization platform that has expanded into adjacent reporting and policy controls. It is not a direct subledger competitor today, but its institutional customer base and reporting roadmap make it a broader incumbent that overlaps with Bitwave Institutional over time.
- Chainalysis: Chainalysis is a leading blockchain data and compliance platform serving regulators, financial institutions and crypto businesses. While it is primarily a compliance/AML rather than accounting platform, it sits in adjacent digital asset back-office workflows for institutions and could expand into accounting-adjacent reporting where Bitwave competes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights8 records
Customer concentration
Bitwave social profiles
Digital presenceBitwave compliance and trust
Trust signalCompliance4 records
Bitwave financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bitwave leadership team
Management profileNumber of profiles
Profiles9 records
Bitwave subsidiaries and ownership
Company hierarchySubsidiaries2 records
Bitwave funding detail
Funding detailFunding overview
Funding rounds2 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bitwave M&A and investment
M&A and investmentM&A2 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bitwave
What does Bitwave do?
Bitwave provides an enterprise software platform that ingests and normalizes on-chain transaction data from 50+ blockchains, exchanges, custodial wallets, DeFi protocols, and multi-signature wallets, then synchronizes the data with ERP systems (Oracle NetSuite, Sage Intacct, Xero, QuickBooks) as an enterprise-grade digital asset subledger. The platform adds GAAP/IFRS-compliant audit-ready reporting, automated reconciliation, and a non-custodial stablecoin B2B payments (AR/AP) module for enterprise finance teams.
Is Bitwave a public or private company?
Bitwave is a private company. It is classified as venture growth investor backed and is currently operating.
When was Bitwave founded?
Bitwave was founded in 2018. It employs 51 to 100 people.
Where is Bitwave based?
Bitwave is headquartered in San Francisco, United States, in the North America region.
How does Bitwave make money?
Three revenue lines are on record. Subscription (SaaS platform fees) is the primary driver. The others are transactional fees and professional Services (set-up & training).
Who are Bitwave's main competitors?
Direct peers on record are TaxBit, Lukka, Ledgible, Cryptoworth, CoinTracker, SoftLedger and Verady. Blockpit is listed as an emerging player. Broad incumbents are Fireblocks and Chainalysis.
Does Bitwave have an API?
Yes. Bitwave offers a Reporting and APIs capability within its platform. The Terms of Service reference Customer applications interacting with the Bitwave Platform via read/write API access, and documentation is hosted at the Bitwave Documentation Hub. Bitwave also publishes "OpenClaw Accounting," which involves AI Agents and the Model Context Protocol (MCP) for financial automation. Auth method, rate limits, and versioning details not specified. Developer documentation is at bitwave.readme.io.
What industry is Bitwave in?
Bitwave's product category is Digital Asset Accounting Software. Its primary akta.pro industry code is FSAGAMAL, Blockchain Data & Indexing Infrastructure for Finance (Nodes, Indexers, Oracles).