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Cryptopay

Can a regulated crypto-to-fiat gateway become the default embedded crypto payment and card infrastructure for European businesses navigating MiCA?

Founded2013
HQTallinn, Estonia / Vilnius, Lithuania
FoundersDmitrii Guniashov, Alexey Siderov
Latest roundVenture - Series Unknown, Jan 2018
IndustryFintech / Crypto
The story

Founded as a consumer Bitcoin wallet and exchange, Cryptopay gradually expanded into B2B crypto payment infrastructure — offering merchants crypto payment acceptance, multi-currency settlement, and corporate prepaid crypto cards. It has obtained VASP licenses in Estonia and Luxembourg and an MSB registration in Canada, positioning itself as a regulated crypto-to-fiat gateway for businesses. The company is now preparing for MiCA compliance and has added open-banking connectivity (PSD2 Berlin Group API via Salt Edge), signalling a move toward acting as a regulated payment institution across the EU rather than purely a crypto processor.

Last 12 months
2024-07
2024-08
2025-11
Product timeline
2013
Cryptopay founded as a Bitcoin wallet and exchange service.· banking
2018
Raised last known funding round (Venture - Series Unknown) to expand crypto payment services.· banking
2021
MiFinity integrated Cryptopay as crypto funding/withdrawal solution (BTC, ETH, XRP, LTC, BCH).· pivot
2023
Launched corporate crypto payment cards for business expense management.· card
2024
Expanded Business API for crypto payment acceptance: 15+ cryptocurrencies, 35 fiat currencies; obtained VASP license in Luxembourg.· banking
2025
Published PSD2/Berlin Group sandbox documentation via Salt Edge Priora, signalling open banking / ASPSP compliance preparation.· banking
Regulated entities
4
regulatory licences held by Cryptopay
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Cryptopay’s embedded-finance stack
Payments / PSP
Worldpay for Platformsworldpay
Banking / BaaS
in the full report
Open banking
in the full report
Accounting gap: significant
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.