Conduit
Conduit provides a stablecoin-powered cross-border payments platform enabling B2B2B and B2B2C fintechs, payment service providers, banks, and enterprise treasury teams to provision USD accounts and move money globally across fiat and blockchain rails in 100+ countries.
- Company typePrivate
- Founded2021
- HeadquartersBoston, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Conduit does
Conduit is a stablecoin-powered cross-border payments platform founded in 2021 and headquartered in Boston, Massachusetts. The company operates two primary products: a Global USD API that enables B2B2B and B2B2C fintechs, payment service providers, and large enterprises to embed USD accounts and payment rails into their own products, and a No-Code Treasury Dashboard for enterprise finance teams managing international payments. The underlying technology orchestrates across 8 US banking partners and nearly 30 global banks, connecting to FedNow, Fedwire, SWIFT, SPEI, PIX, SEPA, and stablecoin networks (USDC, USDT, USDH) across Ethereum, Tron, Solana, Polygon, Base, and XRPL. Conduit is registered as an MSB with FinCEN in Montana and with FINTRAC in Canada, and delivers payment services through licensed banking partners under the Sponsored Bank Model.
The platform generates revenue through transaction fees on global payouts and pay-ins, FX/conversion spreads on fiat-to-fiat and crypto conversions, and fees on multi-currency account and wallet services. Conduit serves 50+ clients across 100+ countries, with primary customer segments including emerging market fintechs requiring USD access, payment service providers, traditional banks seeking correspondent banking alternatives, and treasury teams. Strategic distribution partnerships with Onafriq (pan-African, 40 countries) and Yuno (global) extend reach into established fintech and merchant ecosystems.
The company is venture-backed, having raised approximately $23M as of August 2024 with subsequent rounds bringing cumulative funding well above that figure into 2025, from investors including Altos Ventures, Dragonfly, Circle Ventures, Coinbase Ventures, Helios Digital Ventures, Gradient Ventures, Sound Ventures, Commerce Ventures, and Y Combinator. Leadership is founder-led, with Kirill Gertman serving as CEO and co-founder and Michael Gregson as CTO and co-founder.
Conduit firmographics
Firmographics- Name
- Conduit
- Legal name
- Conduit Technology Inc.
- Website
- https://conduit.financial
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Conduit provides a stablecoin-powered cross-border payments platform enabling B2B2B and B2B2C fintechs, payment service providers, banks, and enterprise treasury teams to provision USD accounts and move money globally across fiat and blockchain rails in 100+ countries.
- Ownership category
- akta.pro rank
Conduit industry classification
Industry- Product category
- Cross-Border Payments Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Interoperability for Payments (Cross-Chain/Layer-2 Payment Rails) (FSADAIAO)
Keywords
Where Conduit is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Conduit business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Payment processing and transaction fees: Conduit charges competitive, tiered pricing based on transaction volume for global payouts and pay-ins across multiple fiat rails (SWIFT, FedNow, SEPA, PIX, SPEI) and stablecoin networks. The company earns a spread/fee on each transaction processed through its platform.
- FX/conversion fees on currency exchange: Revenue is generated through locked exchange rates on fiat-to-fiat conversions and crypto conversions/bridges, with spreads applied on the conversion amount. Quotes are generated to lock rates with expiration times.
- Multi-currency account and wallet services: Fees associated with holding USD, EUR, GBP, and stablecoin balances in virtual accounts and crypto wallets, likely tiered by account volume and features used.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Tiered pricing based on transaction volume for global payouts |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Conduit product offering
Product offeringCore offering
Conduit is a cross-border payments platform powered by stablecoins that enables global businesses to send, receive, and hold USD using both fiat and stablecoin rails through a single API. It provides multi-currency virtual accounts (USD, EUR, GBP, stablecoins), crypto wallets, and programmable global payouts/pay-ins across 15+ payment rails (FedNow, Fedwire, SWIFT, PIX, SEPA, SPEI, RTP) and multiple blockchain networks. The platform routes transactions across 8 US banking partners and nearly 30 banks globally, with built-in KYB/AML compliance and T+0 end-customer onboarding.
Product overview
Conduit is a cross-border payments platform powered by stablecoins that offers two primary products: the Global USD API for B2B2B and B2B2C fintechs embedding USD accounts and payment rails via a single API, and the No-Code Treasury Dashboard for finance teams managing treasury transactions. Underlying these products are Virtual Accounts (named USD accounts and virtual IBANs through licensed banking partners), Crypto Wallets (multi-chain stablecoin wallets with multiple custody options), and Multicurrency Virtual Accounts (supporting USD, EUR, GBP, fiat, and stablecoins with transfers across 15 fiat currencies). The platform connects to global payment systems including FedNow, Fedwire, SWIFT, PIX, SEPA, SPEI, RTP, and RTGS, processing both fiat and stablecoin transactions (USDC, USDT, USDH, RLUSD) through a network of nearly 30 banking partners.
Differentiator
Problem solved
Functional benefit
Products and services
- Global USD API
Quantifiable outcome
- Cross-border transactions settled in 15-20 minutes at significantly lower costs compared to traditional SWIFT transfers
- +2 more outcomes
Companies that use Conduit
Customer profileSegments4 records
Ideal customer profiles4 records
Conduit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Conduit partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- YunocoreYuno, a global financial infrastructure platform, partnered with Conduit to enable stablecoin-based international payments for merchants. The partnership allows Yuno merchants to settle cross-border transactions in 15-20 minutes at significantly lower costs compared to traditional SWIFT transfers, while providing virtual USD, EUR, and GBP accounts for global merchants. The collaboration reflects growing mainstream adoption of stablecoins for reducing international payment complexity.
- OnafriqcoreOnafriq, a pan-African payments company operating across 40 countries, partnered with Conduit to integrate stablecoin-powered infrastructure into Onafriq's cross-border payment rails. The partnership initially focuses on treasury operations, with Conduit supporting Onafriq in converting USDC into U.S. dollars via off-ramp channels. The collaboration addresses high cross-border payment costs within Africa (averaging 8% vs 6% globally) by bypassing traditional correspondent banking rails.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Conduit competitors and assessment
Company assessmentDirect peers
- BVNK: BVNK provides stablecoin-powered payment infrastructure for businesses, including cross-border payouts, multi-currency accounts, and on/off-ramp services — directly comparable to Conduit's Global USD API in product, target customer (fintechs and PSPs), and stablecoin-native architecture.
- Bridge (Stripe): Bridge offers a stablecoin orchestration API for businesses to move and store money, including card issuance and cross-border payments. Acquired by Stripe in 2025, it is a direct competitor targeting the same B2B2B fintech-embedding use case as Conduit.
- Nium: Nium is a global B2B payments infrastructure platform providing cross-border payouts, multi-currency accounts, and embedded financial services to fintechs and enterprises — a direct peer in cross-border payment rails serving similar fintech and PSP customers.
- Thunes: Thunes operates a cross-border payments network connecting fintechs, PSPs, and mobile wallets across 130+ countries, particularly in emerging markets. Directly comparable to Conduit in target customer (fintechs/PSPs) and emerging-market corridor focus.
Broad incumbents
- Circle: Circle issues USDC and has expanded into payments, cross-border settlement, and account services via Circle Mint and APIs. It is a broad incumbent overlapping Conduit's stablecoin-rails and cross-border value proposition, but with significantly larger scale and balance sheet.
- Ripple: Ripple provides cross-border payments infrastructure via RippleNet and the RLUSD stablecoin, serving banks and fintechs with on-demand liquidity and settlement. It is a broad incumbent with overlapping stablecoin-rail capabilities and a similar bank-and-fintech customer base.
- Wise: Wise operates a global multi-currency account and cross-border transfer platform serving consumers and businesses. It is a broad incumbent in the cross-border payments space, with overlap on multi-currency accounts but a primarily consumer/PLG motion versus Conduit's B2B2B API model.
- MoneyGram: MoneyGram is a global remittance and cross-border payments incumbent with extensive emerging-market cash-payout networks. It is a broad incumbent relevant to Conduit's emerging-market cross-border thesis, though operating a traditional rather than API-first model.
Emerging players
- Yellow Card: Yellow Card provides stablecoin-based payments and on/off-ramps across 20+ African countries, serving businesses and fintechs. Comparable to Conduit in emerging-market focus and stablecoin-native infrastructure, though narrower in geographic and product scope.
- Bitnob: Bitnob offers stablecoin-powered cross-border payments and USD banking services across Africa, with strong developer/API orientation. Comparable to Conduit's emerging-market, stablecoin-rail positioning but more regionally concentrated.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Conduit social profiles
Digital presenceConduit compliance and trust
Trust signalCompliance2 records
Conduit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Conduit leadership team
Management profileNumber of profiles
Profiles4 records
Conduit funding detail
Funding detailFunding overview
Funding rounds7 records
Investors22 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Conduit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Conduit
What does Conduit do?
Conduit is a cross-border payments platform powered by stablecoins that enables global businesses to send, receive, and hold USD using both fiat and stablecoin rails through a single API. It provides multi-currency virtual accounts (USD, EUR, GBP, stablecoins), crypto wallets, and programmable global payouts/pay-ins across 15+ payment rails (FedNow, Fedwire, SWIFT, PIX, SEPA, SPEI, RTP) and multiple blockchain networks. The platform routes transactions across 8 US banking partners and nearly 30 banks globally, with built-in KYB/AML compliance and T+0 end-customer onboarding.
Is Conduit a public or private company?
Conduit is a private company. It is classified as venture growth investor backed and is currently operating.
When was Conduit founded?
Conduit was founded in 2021. It employs 51 to 100 people.
Where is Conduit based?
Conduit is headquartered in Boston, United States, in the North America region.
How does Conduit make money?
Three revenue lines are on record. Payment processing and transaction fees are the primary driver. The others are FX/conversion fees on currency exchange and multi-currency account and wallet services.
Who are Conduit's main competitors?
Direct peers on record are BVNK, Bridge (Stripe), Nium and Thunes. Broad incumbents are Circle, Ripple, Wise and MoneyGram. Emerging players are Yellow Card and Bitnob.
Does Conduit have an API?
Yes. Conduit offers a RESTful API that enables programmatic access to USD accounts, payments, wallets, and FX functionality. The API supports multiple endpoint categories including Accounts (9 endpoints), Customers (17 endpoints), Counterparties (9 endpoints), Quotes (2 endpoints), Transactions (3 endpoints), Webhooks (5 endpoints), and Simulations (3 sandbox-only endpoints). Authentication uses API key and secret via headers (X-API-Key, X-API-Secret) with API versioning via the Api-Version header. The platform provides a sandbox environment at sandbox-api.conduit.financial for testing, with production at api.conduit.financial. Full sandbox access is available, and the API is designed for agents and AI-first developers building at scale. Developer documentation is at docs.conduit.financial.
What industry is Conduit in?
Conduit's product category is Cross-Border Payments Infrastructure. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSAGAKAH, Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity). Its NAICS code is 52232 and its SIC code is 6200.