Bitt is a fintech company specializing in central bank digital currency (CBDC) technology. Founded in 2013 and headquartered in Barbados, Bitt has become a leading provider of digital currency infrastructure for central banks, particularly in the Caribbean region. The company builds the platforms and systems that allow monetary authorities to issue and manage sovereign digital currencies.
Bitt's most notable achievement is powering DCash, the digital currency pilot launched by the Eastern Caribbean Central Bank (ECCB) in 2021. DCash was one of the first CBDC projects to go live in any region of the world, serving multiple island nations including Grenada, Saint Lucia, Antigua and Barbuda, and Saint Kitts and Nevis. The project demonstrated how digital currencies could improve financial inclusion and reduce cash-handling costs in small island economies.
The company's technology platform supports the full lifecycle of digital currency management, including issuance, distribution, merchant payment processing, and regulatory oversight tools. Bitt has also worked with the Central Bank of Nigeria on its eNaira digital currency initiative. The company's approach emphasizes working within existing regulatory frameworks, positioning CBDCs as complements to rather than replacements for traditional banking systems.
Venture Capital Rounds
Bitt: $16.0 million - Series A
| Exchange
Description: The Bitt wallet provides a quick, secure and easy way to manage your funds, giving you freedom to do more with your money.
Investors: Overstock
Headquartered: Christ Church
Country: Barbados
Bitt: $1.5 million - Seed
| Exchange
Investors: Avatar Capital
Headquartered: Christ Church
Country: Barbados