Led · Series A · Dec 2016

Wyre provides APIs and infrastructure that give builders easy and secure access to global financial rails and crypto on/off ramps. The company allows Anchors to use Wyre’s APIs to access new payment methods and geographic converges, unlocking payment flows that were previously not possible due to high network costs with other blockchains. Wyre offers a Savings API that lets partners spin up interest-bearing accounts for their end-users. The company is starting by enabling USDC on/off ramps in existing fiat pairs (USD, GBP, CAD, AUD, EUR) and plans to release more products in the future. Wyre received a $5M strategic investment from the Stellar Development Foundation. Denelle Dixon, Chief Executive Officer and Executive Director of the Stellar Development Foundation, has joined Wyre’s board to support the partnership and integration. Wyre operates a cross-border payments platform that enables businesses to move money from country to country at competitive foreign exchange rates. The platform launched in the United States and China and processes more than $2M in international payments per day. Wyre was founded in 2016 by CEO Michael Dunworth. The company plans to use new funding to expand its platform into Europe and Latin America. The product leverages blockchain to facilitate international transfers for business customers. The Series A supports rapid geographic expansion and scaling of transaction volume.