Exclusive financial advisor to Bitnet
In December 2014, Corestar Partners completed a strategic advisory project, supporting Bitnet on its European market entry.
Overview of Bitnet
Founded in January 2014, Bitnet has offices in Europe and the San Francisco Bay Area.
It provides a digital commerce platform enabling enterprise-scale merchants to accept bitcoin and other virtual currency based payments.
Bitnet’s engineering, product, and business development team helped build and manage the world’s largest payment gateway, CyberSource, which was sold to the world’s largest payment network, Visa, for $2 billion in 2010.
Corestar Partners’ Role
Corestar Partners acted as exclusive advisor to Bitnet’s management team, evaluating options with regard to the market entry into Europe and raising growth capital.
Corestar Partners has been in close dialogue with the founders of Bitnet the past years.
This transaction demonstrates Corestar Partners’ deep expertise in advising companies in the payment services and alternative payment sectors, combining Corestar’s unmatched industry network with its unique industry knowledge.