ACINQ
Scalable instant payment network for the Bitcoin blockchain.
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 7200 % | (99 %) | - | 13 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
Related Content
ACINQ is a French company founded in 2014 by Pierre-Marie Padiou and Fabrice Drouin, who serve as CEO and CTO respectively. The firm is positioned at the forefront of addressing Bitcoin's scalability problem, a critical challenge that limits its transaction throughput. Since 2015, ACINQ has been a significant contributor to the development of the Lightning Network, a second-layer protocol designed to enable instant, low-fee Bitcoin payments.
The company's business model revolves around developing and operating infrastructure for the Bitcoin Lightning Network. ACINQ runs one of the largest and best-connected nodes on the network, acting as a major liquidity provider. This operational expertise is monetized through services and products built upon its core technology. The firm has secured approximately $10 million in funding to date, including a $1.7 million seed round in 2018 and an $8 million Series A in 2019, with investors like Idinvest Partners, Serena, and the French state-owned bank Bpifrance.
ACINQ's product suite is built on its proprietary open-source Lightning implementation, Eclair. Eclair is a robust and performance-focused implementation of the Lightning Network specifications, written in Scala. One of the company's flagship products is the Phoenix Wallet, a self-custodial Bitcoin wallet with native Lightning support, lauded for its user-friendly onboarding process. Phoenix simplifies the user experience by managing Lightning channels automatically. For developers and businesses, the company has developed Strike, an API that facilitates the integration of Lightning payments into their services with minimal overhead. ACINQ's technology stack is designed to be highly secure and performant, utilizing a combination of AWS Nitro Enclaves and Ledger Nano devices for its professional node operations.
Keywords: Bitcoin scalability, Lightning Network, Eclair, Phoenix Wallet, Fabrice Drouin, Pierre-Marie Padiou, second-layer protocol, crypto payments, blockchain infrastructure, liquidity provider, self-custodial wallet, FinTech, digital currency, payment channels, transaction throughput, cryptocurrency infrastructure, low-fee payments, open-source development, node operator, Strike API