Company Overview
Snapshot
Founded in December 2016, bit operates with 1–10 employees. The company is in the Pre-Funding stage, focusing on mobile payment solutions. In July 2019, bit was featured in a guide detailing how to send and receive money using its application, highlighting its operational presence in the market.
Business overview
bit is a P2P mobile payment platform that enables users to send and receive money through their contact list. The core technology involves charging the sender's credit card and directly depositing funds into the receiver's bank account. Developed by POINT, the Poalim Innovation Team, bit serves the fintech and mobile payments sectors, primarily targeting consumers in Israel.
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- What is bit's primary offering?
- bit offers a free P2P mobile payment platform that allows users to send and receive money using their contact list, with transactions processed via credit card and direct bank account deposits.
- When was bit founded?
- bit was founded in December 2016.
- What is the primary sector bit operates in?
- bit operates primarily in the Fintech & Insurtech sector.
- What is the employee count for bit?
- bit currently has 1–10 employees.
- Which markets does bit serve?
- bit primarily serves geomarkets in Israel.