Mercuryo has built a cross-border payments network and digital asset payment gateway that aggregates payment solutions to provide fiat and crypto payments and payouts for businesses. Its product suite includes a multicurrency wallet with a built-in exchange, a purchasing widget, high-volume cryptocurrency acquiring and OTC services, plus crypto SaaS for banks and businesses. The startup began onboarding customers in early 2019 and reported annual recurring revenue (ARR) surpassing $50 million in April, with a customer base approaching 1 million and a run-rate turnover that crossed $2.5 billion in April 2021. Mercuryo partners with major crypto players including Binance, Bitfinex, Trezor, Trust Wallet, Bithumb and Bybit. It has expanded into the U.S. with a B2B crypto payments offering across all states and plans gradual expansion into Africa, South America and Southeast Asia. The company plans to use new capital to launch a cryptocurrency debit card (spending directly from crypto balances) and to continue international expansion while developing instant mass-payout products. Mercuryo.io is an Estonian startup that provides cryptocurrency payment processing solutions for businesses. Its infrastructure enables businesses worldwide to send and receive payments using cryptocurrencies and offers virtual accounts, business payments, remittance processing, and mass payouts regardless of local payment methods and currencies. The company launched with 150+ crypto projects to become a crypto-fiat gateway and intends to roll out additional crypto payments products. Mercuryo.io's technology is designed to allow cryptocurrencies to be used in any form of payments globally, aiming to empower more businesses to join the blockchain economy. Founded in Estonia in 2018 and led by Petr Kozyakov, the company has offices in Tallinn and London. It complies with PCI DSS international information security standards, encompassing controls around the storage, transmission and processing of data.

Total raised

$10M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2021