Metal Pay
“Can a licensed MSB crypto payments app become the embedded crypto infrastructure layer for banks, credit unions, and third-party wallets via a compliant Crypto-as-a-Service API?”
HQ660 4th Street, Suite 107, San Francisco, California 94107
FoundersMarshall Hayner
Latest roundAngel
IndustryFintech / Crypto
The story
Metal Pay was founded as a blockchain-based payments and rewards wallet under parent company Metallicus, Inc. Over time it evolved from a consumer crypto payment app into a broader crypto infrastructure play, launching Metal X (a decentralized exchange on XPR Network), Metal Pay Connect (an on-ramp API for third parties), and a B2B Crypto Banking API targeting banks and credit unions. The company operates as a licensed money services business (MSB) in the US, positioning itself at the intersection of regulated crypto payments and embedded crypto infrastructure.
Product timeline
2023
Partnered with Incode Technologies for biometric identity verification and seamless onboarding of crypto platform users.· pivot
Regulated entities
1
regulatory licence held by Metal Pay
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Same company
Metal Pay was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
The stack
4 layers disclosed in Metal Pay’s embedded-finance stack
Payments / PSP
Metal Pay (self-operated)
Banking / BaaS
in the full report
Lending
in the full report
KYC
in the full report
Accounting gap: none
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.