Loop Crypto is developing payment rails that let users authorize automated, recurring crypto withdrawals for expenses such as newsletter subscriptions, employee payroll, loan repayments and donations. Its smart-contract "templates" move the responsibility for executing each payment from the user to an on-chain contract, eliminating the need to manually sign transactions every pay cycle. The contracts are hard-coded to withdraw only pre-approved amounts and can be triggered solely by the designated counterparty, a structure the team says limits exploit risk. Co-founders Eleni Steinman and Shane van Coller left bloXroute Labs to tackle this pain point and are currently running the system with “alpha customers.” A full public launch is targeted for June and is intended to sit invisibly behind “Pay with crypto” buttons across the web. While the startup has not committed to issuing a token, management views a future token as a potential mechanism for decentralized governance. The company recently raised $4 million in seed funding to continue product development and go-to-market execution.

Total raised

$10M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2025