Payfura Analysis: $500K Raised
What is Payfura?
Payfura provides fiat-to-crypto payment infrastructure for exchanges, wallets, and NFT marketplaces. Its website describes SDK and API access, plus a widget and API integration path for accepting cards and local payment methods in 130 plus countries. The company is operated by Metahill Inc. trading as Payfura, with a Delaware registration and a Lithuania virtual currency operator registration noted in its privacy policy.
Location
Lewes, Delaware, United States
Employees
1-10
Founded
2022
Revenue
$1-5M
Investors
- Y Combinator
- Better Capital
Product Features & Capabilities
- 150+ fiat currencies supported, 100+ cryptocurrencies supported, coverage in US, Europe, LATAM, SEA, and Africa, secure crypto transactions, user-friendly interface for onboarding.
How much Payfura raised
1 - $500,000
August 22, 2022Lead Investor: Y Combinator
Who are the founders of Payfura
SA
Sagar Agarwal
CTO at Payfura
Market Focus
Payfura primarily focuses on the fintech industry, specifically as a fiat-to-crypto payment gateway for web3 applications, facilitating the transition between traditional fiat currencies and cryptocurrencies.
Competitors Overview
Payfura operates in the competitive landscape of fiat-to-crypto payment gateways, where several notable competitors exist:
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BitPay: One of the most established players in the market, BitPay allows businesses to accept Bitcoin and Bitcoin Cash payments. It offers features like invoicing, payment processing, and integration with various e-commerce platforms. Its strong regulatory compliance and extensive merchant network are significant advantages.
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CryptoProcessing.com: This platform provides a comprehensive suite of services for businesses looking to accept cryptocurrency payments. It supports multiple cryptocurrencies and offers features like instant conversion to fiat, which can be advantageous for businesses wanting to avoid volatility.
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Coinbase Commerce: A service from the well-known cryptocurrency exchange Coinbase, it allows merchants to accept multiple cryptocurrencies directly into their wallets. Its integration with the Coinbase ecosystem provides a seamless experience for users already familiar with the platform.
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CoinGate: This payment gateway supports a wide range of cryptocurrencies and offers features like payment buttons and invoices. CoinGate's advantage lies in its user-friendly interface and the ability to convert crypto to fiat instantly.
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CoinsPaid: Known for its high transaction speed and low fees, CoinsPaid offers a robust payment processing solution for businesses. It also provides a wallet service and supports a variety of cryptocurrencies, making it a versatile option.
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B2BinPay: This platform is tailored for both retail and enterprise users, offering a wide range of payment solutions. Its focus on B2B transactions and support for multiple currencies gives it a unique edge in the market.
Each of these competitors has unique features and advantages that cater to different segments of the market, making them formidable alternatives to Payfura.
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