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 provides a free P2P payment platform that allows members of any bank to send and receive money using their contact list.
- How does the bit application facilitate payments?
- The bit application charges the sender's credit card and then deposits the money directly into the receiver's bank account.
- When was bit founded?
- bit was founded in December 2016.
- Which entity developed bit?
- bit was developed by POINT, the Poalim Innovation Team.
- In which market does bit primarily operate?
- bit primarily operates in the Israeli market.