Bitt
Bitt is a Barbados-based financial software company that develops digital currency and blockchain-based payment infrastructure for central banks, governments, and financial institutions across the Caribbean, with a primary engagement on Barbados' CBDC and BiMPay initiatives.
- Company typePrivate
- Founded2013
- HeadquartersDraper, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Bitt does
Bitt is a Barbados-based financial software company founded in 2013 that develops digital currency and blockchain-based payment infrastructure for central banks, governments, and financial institutions in the Caribbean region. The company's core offering centers on central bank digital currency (CBDC) development, mobile payments, real-time transfers, and blockchain-based payment infrastructure, with its most prominent engagement being collaboration with the Central Bank of Barbados on the BiMPay digital payments platform and broader national CBDC initiatives. Bitt positions itself as a key regional player contributing to Barbados' ambition of becoming a Caribbean fintech hub.
Underlying technology is built around digital currency issuance and blockchain-based payment rails designed for sovereign and institutional deployment. Revenue is generated primarily through licensing and royalty arrangements with government and financial institution clients, reflecting an enterprise B2B go-to-market model targeting a narrow vertical of central banks and Caribbean financial institutions. Bitt has raised approximately $31 million across six funding rounds between 2015 and 2020, with backing from Pelion Venture Partners, Medici Ventures, and Overstock, and operates with a headcount in the 51-100 range.
The company's strategic posture is concentrated on regulatory alignment within Barbados' supportive fintech environment and on deepening relationships across the Eastern Caribbean Currency Union. Notable data gaps include the absence of disclosed revenue, pricing transparency, post-2020 funding events, product launches, or expansion milestones, and the company's website is currently returning a 522 connection error — all of which limit visibility into current operational health and growth trajectory.
Bitt firmographics
Firmographics- Name
- Bitt
- Legal name
- Bitt
- Website
- https://bitt.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Bitt is a Barbados-based financial software company that develops digital currency and blockchain-based payment infrastructure for central banks, governments, and financial institutions across the Caribbean, with a primary engagement on Barbados' CBDC and BiMPay initiatives.
- Ownership category
- akta.pro rank
Bitt industry classification
Industry- Product category
- Digital Currency and Payment Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
- akta.pro secondary industries
- Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
Keywords
Where Bitt is headquartered
LocationHeadquarters
- HQ city
- Draper
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Bitt business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Digital Currency and Blockchain Solutions: Bitt generates revenue through developing and providing digital currency and blockchain-based payment solutions to governments and financial institutions in the Caribbean region.
Go-to-market motion1 record
Distribution channels1 record
Bitt product offering
Product offeringCore offering
Bitt develops digital currency and blockchain-based payment software for governments and financial institutions, focusing on central bank digital currency (CBDC) initiatives, mobile payment platforms, and real-time transfer infrastructure. The company contributed to Barbados' national fintech ecosystem and the BiMPay digital payments platform alongside the Central Bank of Barbados, targeting clients across the Caribbean region.
Product overview
Bitt is a Barbados-based fintech company operating as a key regional player in digital currency development and blockchain-based payment solutions. The company contributes to Barbados' ambition of becoming a fintech hub through its work in digital currency and blockchain-based payment infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- Digital Currency Development Solutions (CBDC) Software and development services enabling central banks and governments to design, build, and deploy sovereign digital currency platforms, including integration with national payment infrastructure and regulatory frameworks.
- Blockchain-Based Payment Infrastructure Blockchain-based payment platform providing digital transaction processing, mobile payment capabilities, and real-time transfer services for banks, financial institutions, and government payment programs.
Companies that use Bitt
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Bitt technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Bitt partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Central Bank of BarbadoscoreBitt works in collaboration with the Central Bank of Barbados as a key regional player in digital currency development and blockchain-based payment solutions. The Central Bank has introduced BiMPay, a digital payments platform, while Bitt contributes to the island's fintech ecosystem and CBDC initiatives.
Scale indicators2 records
Recent moves2 records
Expansion highlights5 records
Bitt competitors and assessment
Company assessmentDirect peers
- R3: R3 builds enterprise blockchain (Corda) and CBDC platforms for central banks and financial institutions, directly comparable to Bitt's CBDC and digital currency software offering and target buyer profile.
- Ripple: Ripple provides enterprise-grade digital asset and cross-border payment infrastructure (including CBDC-related rails), competing for the same central bank and bank customers as Bitt.
- Consensys: Consensys offers enterprise blockchain infrastructure and tokenization tooling used by central banks and large financial institutions, overlapping with Bitt's digital currency and CBDC stack.
- Algorand: Algorand is a permissioned blockchain platform that has been used for sovereign digital currency initiatives (e.g., Marshall Islands), competing with Bitt for CBDC mandates.
- Stellar Development Foundation: Stellar provides distributed ledger infrastructure for digital asset issuance and cross-border payments, serving similar central bank, remittance, and financial institution use cases as Bitt.
- Circle: Circle issues USDC and operates enterprise digital-asset infrastructure for payments and settlement, targeting banks and fintechs in a comparable manner to Bitt's CBDC rails.
- Hedera: Hedera (HBAR) provides enterprise-grade distributed ledger services with tokenization and payment use cases, competing for the same institutional and public-sector digital currency buyers as Bitt.
Emerging players
- Paxos: Paxos issues regulated stablecoins and offers blockchain-based settlement and tokenization services to enterprises, partially overlapping with Bitt's digital currency and payment infrastructure offering.
Broad incumbents
- CBDC Suite (Nutmeg / Sqala / Bitt-style vendors) — Giesecke+Devrient: Giesecke+Devrient is a large incumbent provider of central bank digital currency infrastructure and banknote/payment solutions, competing for sovereign CBDC contracts that Bitt also targets.
Regional players
- Sortium.io (Caribbean digital banking): Sortium.io is a Caribbean-focused fintech/digital banking platform serving regional banks and fintechs, a regional adjacent comparable to Bitt's Caribbean digital currency and payment work.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Bitt social profiles
Digital presenceBitt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bitt leadership team
Management profileNumber of profiles
Profiles7 records
Bitt funding detail
Funding detailFunding overview
Funding rounds6 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bitt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bitt
What does Bitt do?
Bitt develops digital currency and blockchain-based payment software for governments and financial institutions, focusing on central bank digital currency (CBDC) initiatives, mobile payment platforms, and real-time transfer infrastructure. The company contributed to Barbados' national fintech ecosystem and the BiMPay digital payments platform alongside the Central Bank of Barbados, targeting clients across the Caribbean region.
Is Bitt a public or private company?
Bitt is a private company. It is classified as unknown and is currently operating.
When was Bitt founded?
Bitt was founded in 2013. It employs 51 to 100 people.
Where is Bitt based?
Bitt is headquartered in Draper, United States, in the North America region.
How does Bitt make money?
One revenue line is on record: digital Currency and Blockchain Solutions.
Who are Bitt's main competitors?
Direct peers on record are R3, Ripple, Consensys, Algorand, Stellar Development Foundation, Circle and Hedera. Paxos is listed as an emerging player. CBDC Suite (Nutmeg / Sqala / Bitt-style vendors) — Giesecke+Devrient is listed as a broad incumbent. Sortium.io (Caribbean digital banking) is listed as a regional player.
Does Bitt have an API?
No public API is recorded for Bitt.
What industry is Bitt in?
Bitt's product category is Digital Currency and Payment Software. Its primary akta.pro industry code is FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails), with a secondary code of FSADADAB, Tokenized Bank Deposit & Commercial Bank Money Issuers. Its NAICS code is 52232 and its SIC code is 6199.