BountyBay Expands Operations with Investment from Animoca Brands
Portfolio | Jan 13, 2025 | Raptor Capital Management LP
BountyBay, a San Jose, CA-based company, has secured investment from Animoca Brands to bolster its operations and development initiatives. Known for its PayFi infrastructure and decentralized peer-to-peer (P2P) trading platform, BountyBay focuses on solving inefficiencies found in conventional P2P trading systems. With the launch of TradeOS Protocols, the company aims to address high platform costs, sluggish payout times, and data liquidity issues inherent in traditional models. This investment will also support BountyBay's collaboration with Kaia on developing a LINE Mini-App, targeting high-value Web3 audiences across Asia, which includes Japan, Vietnam, and Taiwan, with culturally localized solutions. This strategic expansion is expected to facilitate broader market penetration and more extensive real-world applications.
Sectors
- Financial Technology
- Blockchain Technology
Geography
- United States – BountyBay is based in San Jose, California.
- Asia – BountyBay is targeting high-value Web3 audiences in Asia, specifically Japan, Vietnam, and Taiwan, through its partnership with Kaia.
Industry
- Financial Technology – BountyBay is involved in developing PayFi infrastructure, which is a part of the FinTech industry.
- Blockchain Technology – The decentralized P2P platform and the development of TradeOS Protocols place BountyBay in the blockchain industry.
Financials
- Undisclosed – The amount of investment from Animoca Brands in BountyBay was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BountyBay | Target company | Company | A company providing PayFi infrastructure and decentralized P2P trading platform based in San Jose, CA. |
| Animoca Brands | Investor | Company | A company that invested in BountyBay to support its expansion and development efforts. |
| Kaia | Collaborator | Company | Collaborates with BountyBay to develop a LINE Mini-App for Web3 audiences in Asia. |
| TON Ventures | Backer | Company | Supports BountyBay in the development of its PayFi infrastructure and decentralized trading platform. |