Chainside
Blockchain applications to help enterprises.
| Date | Investors | Amount | Round |
|---|---|---|---|
€50.0k | Seed | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 306 % | 136 % | 53 % | 123 % | (33 %) | 61 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (65 %) | (3 %) | 11 % | 6 % | 25 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (75 %) | (4 %) | 10 % | 3 % | 5 % | 2 % | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 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 | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Chainside, an Italian financial software company established in 2016, operates within the cryptocurrency and blockchain sector. The company was co-founded by Federico Tenga, who serves as the COO. Tenga has a background as a blockchain consultant and advisor, including a role with the Italian Ministry of Economic Development to help draft a national blockchain strategy. Fellow co-founder Ferdinando M. Ametrano, who is also the CEO of CheckSig, has an extensive history in investment banking and quantitative finance, having worked for institutions like Banca IMI before focusing on Bitcoin and blockchain technology.
The firm provides a payment processing platform that enables both e-commerce and physical retail merchants to accept cryptocurrencies, primarily Bitcoin. Chainside's core product, ChainsidePay, is designed to simplify the adoption of digital currency payments for businesses. The service allows merchants to manage multiple points of sale through a single dashboard. A key feature of their system is the use of a multi-signature process that certifies the exchange of funds even before the transaction is fully registered on the blockchain network, aiming to increase trust and security for merchants.
The company's business model is centered on providing these software solutions to businesses looking to integrate cryptocurrency payments. By offering a streamlined platform, Chainside caters to a growing market of enterprises that are adapting to the rise of digital currencies. The company is privately held and has received venture capital funding, with an early-stage VC deal noted in January 2017.
Keywords: payment processor, crypto payments, Bitcoin, blockchain applications, merchant services, financial software, point-of-sale, cryptocurrency platform, digital payments, FinTech