# OpenNode

> OpenNode is a Bitcoin payment processor and infrastructure provider that lets businesses accept Bitcoin and send payouts globally, settling instantly over the Lightning Network with automatic conversion to local currencies. Founded in 2018 and headquartered in Los Angeles, the company powers checkout, payouts, in-person payments and a developer API for merchants ranging from McDonald's El Salvador to Substack, charging a flat 1% fee with built-in chargeback protection.

- **Founded:** 2018
- **Headquarters:** Los Angeles, United States
- **Founders:** Afnan Rahman (Co-Founder & CEO), Joao Almeida (Co-Founder & CTO), Brandon Lewis (Co-Founder)
- **Team size:** ~15-50 employees
- **Products:** Payments, Payouts, Currency Conversion, Settlement & Transfer, In-Person Payments
- **Notable:** Closed an oversubscribed $20M Series A at a $220M valuation in February 2022., Backed by Twitter, Tim Draper and Avon Ventures (a Fidelity Investments affiliate)., Helped bring Bitcoin payments to McDonald's locations in El Salvador.

## Products & services

- **Payments** — Hosted checkout, payment buttons and integrations that let businesses accept Bitcoin online over Lightning or on-chain.
- **Payouts** — Programmatic global fund distribution, paying recipients in Bitcoin via the API.
- **Currency Conversion** — Automatic or manual conversion of Bitcoin payments into local currencies (USD, EUR, GBP and more) for price protection.
- **Settlement & Transfer** — Split settlement plus on-chain and Lightning Network options for how merchants receive funds.
- **In-Person Payments** — Point-of-sale Bitcoin acceptance for physical retail and restaurants.
- **Invoicing & Billing** — Professional invoice templates for requesting Bitcoin payments.
- **Bitcoin API** — Developer-friendly API and e-commerce plugins (Shopify, WooCommerce, Magento, BigCommerce) for embedding Bitcoin payments.

## Achievements

- Closed an oversubscribed $20M Series A at a $220M valuation in February 2022.
- Backed by Twitter, Tim Draper and Avon Ventures (a Fidelity Investments affiliate).
- Helped bring Bitcoin payments to McDonald's locations in El Salvador.
- Onboarded 1M+ Argentines to the Lightning Network through Lemon Cash.
- Established the OpenNode Endowment (ONE) with 1 BTC to fund open-source Bitcoin development.

## Latest updates

- **2022-02** — Closed $20M Series A at a $220M valuation led by Kingsway with Twitter, Tim Draper and Avon Ventures.
- **2021-09** — Powered Bitcoin Lightning payments at McDonald's El Salvador following the country's Bitcoin legal-tender law.
- **2022-01** — Partnered with Lemon Cash to bring Lightning payments to over one million Argentines.

## Links

- Website: https://opennode.com
- LinkedIn: http://www.linkedin.com/company/opennodeco
- Twitter/X: https://twitter.com/OpenNode
- GitHub: https://github.com/opennode
- Facebook: https://www.facebook.com/OpenNodeco/

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Profile page: https://yespress.io/opennode
Published by YesPress — https://yespress.io
Last updated: 2026-06-13