DeadBitcoin identity and reputationBitcoin2013–2015
Bonafide
Merchants and wallets were meant to share a reputation layer
A Bitcoin reputation API for checking users and businesses across services.
- Capital raised (announced)
- Reported figures differ
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Reported seed funding | February 2015 |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Karthik Balasubramanian | — | Vice president of software engineering, NCR Corporation | Oct 2026 | |
| Brian Moyer | — | Author and publisher, Unbound Books | Oct 2026 |
How it ended
SiliconANGLE reported that Bonafide ceased operations. Co-founders Karthik Balasubramanian and Brian Moyer said market interest had moved away from the public Bitcoin ecosystem and they saw little prospect of revenue or fresh funding.
Still alive
Open spot
Bonafide is gone. Is your infrastructure project still running?
Spotlight your project here.
Sources
6 sources behind this page.
- 1Crunchbase: professional biography · Crunchbase · user-editable
- 2Crunchbase: professional biography · Crunchbase · user-editable
- 3Bitcoin startup Bonafide.io raises $850,000 · NewsBTC
- 4RocketReach: professional biography · RocketReach
- 5Bitcoin reputation startup Bonafide ceases operations · SiliconANGLE · Nov 2015
- 6Bonafide funding and investors · Tracxn
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.