Bitwave, an enterprise digital asset tax and accounting software provider, secures a $7.25 million seed investment led by Blockchain Capital.
Investment to be used to enhance software capabilities and increase the client base, with participating investors including Nascent, Nima Capital, Arca, XBTO Humla, and angel investor Rowan Trollope.
The funding reflects growing interest in digital asset adoption by enterprises amidst broader consumer cryptocurrency adoption.
Bitwave solutions support tax tracking, bookkeeping, Decentralized Finance (DeFi) monitoring, and crypto A/R and A/P for over 30 enterprises managing over $10 billion.
Bitwave's support for digital asset management positions it at the forefront of a shift to blockchain-based finance for enterprises.

Bitwave is an enterprise-level platform specializing in the automation of accounting, tax, and compliance for digital assets. It supports businesses by integrating with major accounting software, blockchain technologies, custodial wallets, DeFi protocols, exchanges, and multi-signature wallets. Bitwave assists with accurate GAAP/IFRS reporting, streamlines payment processes through crypto-invoicing, and provides strategies for optimizing taxes and inventory management. The platform enhances productivity by automating transaction categorization, internal transfer detection, DeFi activity monitoring, and NFT transaction tracking. Aimed at enabling business growth and financial control in the digital economy, Bitwave promises decreased manual labor, tax savings, and unified asset data visualization.

Bitwave

Digital asset management for tax, accounting, and financial compliance.

Bitwave Raises $7.25M Seed Funding for Crypto Enterprise Solutions

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