Glide Analysis: $4M Raised
What is Glide?
Glide provides payment infrastructure for modern platforms, centered on crypto deposits and crypto checkout flows. Its product supports cross-chain deposits, token payments, exchange funding, card payments, gasless deposits, and instant stablecoin settlement. The company says it is backed by Y Combinator and is trusted by stand.trade.
Location
1 Blackfield Dr suite 2, #346, Tiburon, California 94920, United States
Employees
1-10
Founded
2023
Revenue
$5-15M
Product Features & Capabilities
- pre-built checkout flows, hundreds of payment options, deposit and withdrawal support, instant cross-chain transactions, support for over 100 tokens, credit and debit card payments, global crypto purchasing, centralized exchange payments, customizable UI components, headless SDK for custom integrations
How much Glide raised
1 - $3.6 million
November 5, 2019Lead Investor: First Round Capital, Y Combinator
Who are the founders of Glide
TS
Tushar Soni
Co-Founder
QT
Qinyu Tong
Co-Founder
HQ Full Address
1 Blackfield Dr suite 2, #346, Tiburon, California 94920, United States
Investors
- Second Century Ventures
- Thomvest Ventures
- Benchmark
- SV Angel
- Avra
- Benchmark Capital Holdings
- Dylan Field
- First Round Capital
Market Focus
Glide primarily focuses on the fintech industry, specifically in the area of blockchain and cryptocurrency payments. They provide solutions for seamless onchain transactions through pre-built checkout flows that support various payment methods.
Competitors Overview
Glide's main competitors in the on-chain transaction payment solutions market include:
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Squid: A cross-chain liquidity platform that facilitates token swaps across different blockchains, enhancing transaction capabilities within the blockchain ecosystem.
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Transak: A global web3 infrastructure provider specializing in fiat-to-crypto payment gateway solutions, offering a developer integration toolkit for seamless transactions.
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ChainPort: Focuses on secure cross-chain transactions, allowing users to transfer assets across different blockchains efficiently.
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SWFT: A cross-chain swap service provider that enables trading and transacting with a wide range of cryptocurrencies.
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Etherspot: Offers a multi-chain development platform that provides infrastructure for Account Abstraction, which is beneficial for developers creating decentralized applications.
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BitPay: A non-custodial wallet solution supporting over 100 cryptocurrencies, providing services like merchandise management and crypto payrolls.
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B2BinPay: Supports over 250 cryptocurrencies with robust API integration and blockchain payment processing, catering to a wide range of business needs.
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Stripe: Recently ventured into crypto payments, providing a secure platform with extensive fraud mitigation features.
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Coinbase: The largest exchange platform, offering quick settlements and low operational fees, supporting over 200 cryptocurrencies.
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Coingate: A comprehensive payment gateway supporting around 70 cryptocurrencies, with customer support and a blockchain-based subscription program.
These competitors differ in their specific focus areas, such as liquidity provision, payment solutions, and cross-chain transaction capabilities, which may offer advantages depending on user needs in the blockchain ecosystem.
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