What Bottlepay does

Bottlepay Ltd was a UK-based, FCA-registered cryptoasset firm that operated a consumer Bitcoin wallet and payments mobile application founded in 2019 and headquartered in Newcastle upon Tyne. The product combined a custodial Bitcoin wallet with a distinctive social-media-integrated payment feature: users could link their Bottlepay account to a social profile and post payment instructions (for example, trading sats or paying a friend) on platforms such as Twitter or Instagram, with Bottlepay automatically executing the instruction. The app also offered fiat custody functionality, with UK customer funds safeguarded by Modulr FS Limited under the Electronic Money Regulations 2011 and European customer funds safeguarded by Modulr Finance B.V. in the Netherlands under the Financial Supervision Act. Identity verification relied on facial-recognition matching of selfies to government-issued documents to satisfy anti-money-laundering obligations.

The company targeted two segments: individual cryptocurrency users seeking a Bitcoin wallet and payment experience (primary), and business users looking to send payments or payroll in cryptocurrency (secondary). Go-to-market relied on a self-serve mobile app, the social-media payment integration as a top-of-funnel channel, and direct marketing via email, text, and push notifications. The wider business model and pricing mechanics (take-rate, spread, subscription, interchange) were not publicly disclosed.

The consumer app was officially closed on 24 July 2023 after a customer notification dated 22 May 2023; remaining Bitcoin balances were converted to fiat at prevailing market rates, and customer fiat continued to be held by Modulr under safeguarding arrangements. The company cited its wider group's decision to focus on other projects despite remaining well-funded. Total disclosed funding was approximately $17.47 million across a 2019 seed round ($2 million) and a February 2021 round ($15.47 million, investors including FinTech Collective and NYDIG). Bottlepay maintained a UK headquarters in Newcastle and a French registered establishment in Paris, with no current product revenue and an effective operating status of closed for the consumer business.

Name

Bottlepay

Legal name

Bottlepay Ltd

Website

https://bottlepay.com

Company type

Private

Founded year

2019

Operating status

Closed

Headcount range

11–50 employees

Short description

Bottlepay Ltd was a UK FCA-registered cryptoasset firm that ran a consumer Bitcoin wallet mobile app with social-media-integrated payments, serving individual cryptocurrency users and select business customers in the UK and Europe; the consumer app closed on 24 July 2023.

Ownership category

akta.pro rank

Product category

Cryptocurrency Payments

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Micropayments & Streaming Payments (Crypto) (FSADAIAM), Merchant / Closed-Loop Wallets (Retail & Marketplace) (FSAMAEAF)

Keywords

• Bitcoin payments app
• Cryptoasset wallet
• Social media payments
• Cryptocurrency mobile wallet
• Bitcoin buy sell

Headquarters

HQ city

Newcastle

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Distribution channels2 records

Marketing channels3 records

Core offering

Bottlepay operated a consumer Bitcoin wallet and payment mobile application that enabled users to buy, store, and use Bitcoin for transactions. The app's distinguishing feature was its integration with social media platforms, allowing users to post payment instructions on their social accounts for automatic execution by Bottlepay. The service was backed by FCA registration as a cryptoasset firm and regulated fiat custody through partners Modulr FS Limited (UK) and Modulr Finance B.V. (Netherlands). The consumer app closed on 24 July 2023.

Product overview

Bottlepay was a single-product Bitcoin payment platform offering a consumer mobile wallet app. The core offering was a custodial Bitcoin wallet with integrated social media payment capabilities, backed by fiat custody services through Modulr. The company is now closed, having ceased consumer app operations on July 24, 2023.

Differentiator

Problem solved

Functional benefit

Products and services

• Bottlepay Consumer App A Bitcoin wallet and payment mobile application for individual consumers that enabled users to buy, store, and use Bitcoin for payments. The app supported social media-integrated payment commands (posting payment instructions on Twitter/Instagram accounts for automatic execution) and biometric login (fingerprint and facial recognition). It also supported onboarding of business users for making payments to employees or customers in cryptocurrency. The consumer app closed on 24 July 2023 with remaining Bitcoin converted to fiat and customer funds held in segregated safeguarded accounts by Modulr.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• River Financial: River is a Bitcoin-only financial services platform with a consumer wallet and payments focus. Its single-asset thesis and emphasis on Lightning/utility overlap with Bottlepay's Bitcoin-payments positioning.

Direct peers

• Strike: Strike is a Bitcoin-native payments app that lets consumers and merchants send/receive BTC and use it for everyday purchases. It is the closest direct peer to Bottlepay's "Bitcoin wallet plus payment functionality" thesis, including a social/integration-driven UX.
• MoonPay: MoonPay provides fiat-to-crypto on/off-ramps and embedded wallet infrastructure used by consumer apps. It competes in the same "crypto payments + wallet" space that Bottlepay occupied and shares a fiat-rail partnership model similar to Bottlepay's Modulr setup.
• BitPay: BitPay is one of the longest-standing Bitcoin payment processors and wallet providers, enabling merchants and consumers to send, receive, and store BTC. It is highly comparable on the payments-processor + wallet dual model Bottlepay used.
• Wyre: Wyre was a crypto payments and wallet infrastructure provider serving consumer apps. It is directly comparable to Bottlepay's fiat-crypto bridge model, though it itself has undergone significant operational retrenchment.
• Zumo: Zumo is a UK-based FCA-registered crypto wallet and payments platform serving UK and European consumers. It is the closest UK-headquartered, FCA-registered direct competitor to Bottlepay on regulation, geography, and product scope.

Broad incumbents

• Cash App: Block's Cash App is a US consumer wallet offering Bitcoin buy/sell/store and P2P payments. It overlaps with Bottlepay on the consumer crypto-wallet-plus-payment category, but at vastly larger scale and with multi-asset brokerage features.
• Crypto.com: Crypto.com operates a regulated consumer wallet and crypto payment card globally. It overlaps with Bottlepay's consumer crypto-wallet and regulated (FCA-relevant) positioning but serves a much broader product surface and geography.
• Revolut: Revolut's UK app embeds crypto buy/sell and P2P payments, targeting the same retail user as Bottlepay. Its FCA e-money registration and segregated funds mirror Bottlepay/Modulr's regulatory architecture.
• Coinbase Wallet: Coinbase's self-custody wallet is a leading consumer crypto wallet with payments and dapp connectivity. It is comparable on consumer-crypto-storage plus payment use cases that Bottlepay targeted.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/bottlepay

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bottlepay