Bitwave Company Research Report

Company Overview

Name, Mission of the Company

Name: Bitwave

Mission: Bitwave bridges the gap between blockchain-based technology and the traditional finance world, aiming to transform unmanaged risk into a strategic business advantage for enterprise companies and allow them to seize the opportunities created by digital asset adoption.

Founding Information

Founded: 2018

Founders: Pat White and Amy Kalnoki

Key People

Pat White: CEO & Co-Founder

Amy Kalnoki: COO & Co-Founder

Ore Phillips: Chief Customer Officer

Jim Thompson: VP, Sales & Partnerships

Kevin Eret: VP, Finance

Katie Montembeault: Director, Human Resources

Joe Dillon: Director, Customer & Partner Success

Kaleb Leija: Director, Marketing

Chris Zola: Director, Sales

Christopher Wade: Senior Account Executive

Ren Miao: Senior Software Engineer

Sean Conner: Senior Software Engineer

Tyler Adams: Senior Software Engineer

Headquarters

Location: No information is available

Number of Employees

Employees: 70+ employees in 7+ countries

Revenue

Revenue: No information is available

What is the Company Known For

Bitwave is known for being the first enterprise digital asset finance platform designed specifically to manage cryptocurrency tax, accounting, and compliance.

Products

Product Offerings and Descriptions

Bitwave offers a comprehensive suite of products tailored to the needs of enterprises managing digital assets:

Tax & Inventory: Optimizes taxes with customizable methods, cost basis strategies, and flexible rules.

Accounting: Automates accounting workflows to eliminate manual data entry.

DeFi Monitoring: Provides total visibility into DeFi activity with dashboards and automatic transaction categorization.

NFT Tracking: Comprehensive lifecycle tracking for NFTs.

Payments: Streamlines payables and receivables using crypto.

Reporting + APIs: Generates GAAP/IFRS-compliant financial reports with robust features for handling digital assets.

Key Features of Each Product

Tax & Inventory

Customizable inventory segregation

Cost basis strategies

Time/lot-based identification

Accounting

Smart transaction categorization

Internal transfer detection

Direct ledger posting

DeFi Monitoring

Accrued rewards tracking

DeFi dashboard with point-in-time balances

Automatic transaction categorization

NFT Tracking

Full lifecycle tracking

Supports tens of millions of transactions

Spam token filtering

Payments

Crypto-based invoices and bill pay

Payment receipts

Configurable approval flows

Reporting + APIs

GAAP/IFRS-compliant financial reports

Digital asset impairment

Complex cost basis transfers

Recent Developments

Recent Developments in the Company

Data Fusion: Introduction of Data Fusion, providing a unified view of financial landscapes by combining internal and third-party data sources.

New Products Launched

Data Fusion by Bitwave: A platform to aggregate, process, and integrate financial data across various sources and blockchains.

New Features Added to Existing Products

Data Processing with Data Fusion: Introduced custom processing transformations like aggregations, exclusions, inclusions, and automatic syncing for financial reporting workflows.

New Partnerships

Stellar Ecosystem Grant: Bitwave received an Activation Award grant from the Stellar Community Fund to integrate Stellar on-chain data into the Bitwave platform for improved financial reporting capabilities.