What Bitsave does

Bitsave (legal entity: Bitsafve SpA) is a Santiago, Chile-headquartered, CMF-regulated mobile cryptocurrency investment platform serving retail users in Latin America, primarily in Chile and Mexico. Its core product is a mobile application (iOS launched in 2024, Android launched September 2025) that enables individuals to buy digital dollars (USDC) and Bitcoin from a minimum of $250 MXN ($12,000 CLP), with automatic conversion of Mexican peso deposits via SPEI into USDC. User assets are custodied via a partnership with BitGo using institutional-grade, segregated, multi-signature cold-storage infrastructure, which the company positions as its primary security differentiator versus exchange-based competitors. Supporting modules include an in-app Swap service, automated dollar-cost-averaging (DCA) recurring purchases, Heritage/Patrimonial Accounts with cold custody, a BTC rewards loyalty program, and a satoshi-denominated referral program. The company joined Circle's Alliance Program in August 2025 to strengthen USDC distribution and ran a March 2026 rebrand from Bitsafve to Bitsave to support multi-country positioning.

The business is monetised through transparent, variable transaction commissions on purchases, sales, withdrawals, and swaps, plus variable network fees on external transfers. Distribution is exclusively product-led and self-serve through app stores, supported by a Spanish-language educational blog, organic social channels, referral incentives, and occasional promotional campaigns. Bitsave disclosed a single $50,000 seed round from Blockchain Founders Group in January 2025; no subsequent funding, revenue, GMV, or user-count metrics are publicly disclosed. The team is described as 11-50 employees and includes Rafael Vargas Bornacini (CEO), Boris Hirmas Said (Co-founder & Chairman), and Eduardo Abullarade Sawaya (COO). Geographic footprint remains Chile plus Mexico with regional local payment integrations (SPEI, Mercado Pago, Apple Pay, Google Pay, PayPal, Stripe, and major card networks), targeting inflation-impacted savers seeking USD-denominated value preservation without a US bank account.

Name

Bitsave

Legal name

Bitsafve SpA

Website

https://bitsaveapp.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Bitsave is a Chile-based, CMF-regulated mobile platform that enables Latin American retail users in Chile and Mexico to buy Bitcoin and USDC digital dollars from $250 MXN, using BitGo institutional custody and local payment rails such as SPEI and Mercado Pago.

Ownership category

akta.pro rank

Product category

Cryptocurrency Investment Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)

akta.pro secondary industries

Crypto Payment Gateways & Checkout APIs (FSADAIAA), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Cryptocurrency investment
• Digital dollar savings
• Bitcoin purchases
• Mobile crypto platform
• USDC stablecoin

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Transaction Commissions: Bitsave charges transparent and variable commissions shown before each transaction. Fees apply to purchases, sales, withdrawals, and swaps. No hidden costs.
2. Network Fees on External Transfers: Variable network fees for sending crypto to external wallets (Bitcoin network fees, Ethereum gas, etc.)
3. Referral Program Rewards: Users earn 500 satoshis for each referred friend who purchases 100,000+ satoshis of Bitcoin.
4. BTC Rewards Program: Users who purchase 0.003 BTC or more per month in their savings account receive BTC rewards, incentivizing accumulation.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Bitsave is a mobile-first cryptocurrency investment platform that enables retail users in Mexico and Chile to buy digital dollars (USDC) and Bitcoin starting from $250 MXN. The platform combines institutional-grade custody via BitGo with local payment integrations (SPEI, Mercado Pago, Apple Pay), automatic peso-to-USDC conversion, recurring purchases (DCA), and heritage accounts for long-term BTC accumulation. It is regulated by Chile's Financial Market Commission (CMF) as Bitsafve SpA.

Product overview

Bitsave is a mobile-first cryptocurrency investment platform enabling users to buy and manage digital dollars (USDC) and Bitcoin from $250 MXN. The core offering centers on the Bitsave Mobile App (iOS/Android), which provides USDC and Bitcoin purchase services backed by institutional custody via BitGo. Supporting products include a Swap Service for asset exchange, a Referral Program offering satoshi rewards, a BTC Rewards Program for heritage account holders, Heritage/Patrimonial Accounts for long-term BTC accumulation with cold wallet custody, Automatic Peso-to-USDC Conversion via SPEI, and Savings Plan Accounts for separating long-term objectives from operational funds. The platform is regulated by CMF Chile and integrates with multiple payment methods including SPEI, Mercado Pago, Apple Pay, Google Pay, PayPal, Stripe, and card networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Bitsave Mobile App
• Swap Service
• Heritage/Patrimonial Accounts

Quantifiable outcome

• KYC verification completes in under 3 minutes with ID and selfie
• +3 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• BitGocoreTechnology or Integration · 1 August 2025BitGo provides institutional-grade digital asset custody infrastructure for Bitsave users. Assets are held in cold wallets with multi-signature security, providing protection comparable to large institutional funds and Fortune 500 companies. BitGo is one of the largest digital asset custody companies globally, serving multiple financial institutions.
• CircleflagshipStrategic or Co-development Partner · 1 August 2025Bitsave joined Circle's Alliance Program, a global ecosystem that promotes innovation in stablecoin and blockchain technologies with USDC at the forefront. This partnership provides access to knowledge, expert discussions, exclusive webinars, and connections with organizations sharing the vision of expanding financial inclusion globally.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Kraken: Long-standing global exchange with growing LATAM footprint and USDC trading pairs; competing alternative for retail and professional users seeking regulated crypto access.
• Binance: Global crypto exchange with very strong LATAM presence, offering MXN/CLP on-ramps and USDC pairs; sets the competitive ceiling on liquidity, fees, and asset breadth for regional players like Bitsave.
• Coinbase: US-regulated global exchange that has been expanding into Latin America; competes for the same compliance-conscious retail segment Bitsave targets and benefits from superior brand trust.

Direct peers

• Bitso: Mexico's largest crypto exchange and a CMF-registered platform; offers MXN on/off-ramps, USDC pairs, and BTC purchases directly overlapping Bitsave's core product in its primary market.
• Ripio: Argentine crypto platform offering retail buying/selling of BTC and stablecoins across multiple LATAM countries, with similar onboarding friction-lowering and payment-rail integrations.
• Lemon Cash: Argentine LATAM fintech offering crypto purchases, USDC yields, and a card product; targets the same inflation-conscious, dollarization-seeking retail user in the broader Spanish-speaking LATAM region.
• Buenbit: Latin American crypto app focused on stablecoin yields and BTC accumulation for retail users in Argentina, Mexico, and other LATAM markets—directly overlapping Bitsave's positioning and customer base.

Emerging players

• Belo: Argentine LATAM crypto app focused on stablecoin-based savings and yield for retail users; narrower feature set than Bitsave but overlapping user persona and product framing.

Others

• BitGo: Bitsave's institutional custody partner and one of the largest digital-asset custodians globally; an enabler/infrastructure peer rather than a direct competitor but representative of the institutional crypto-infrastructure ecosystem Bitsave builds on.
• Circle: Issuer of USDC and operator of the Alliance Program that Bitsave belongs to; an ecosystem/infrastructure peer that defines the stablecoin rails Bitsave's value proposition depends on.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/trybitsave
• LinkedInlinkedin.com/company/bitsafve
• Instagraminstagram.com/trybitsave

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

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 Bitsave