Biconomy
Biconomy is a Singapore-headquartered Web3 infrastructure provider offering smart wallets, gasless transactions, cross-chain swaps, and AI-agent execution via an API-first SDK. It serves Web3 developers, DeFi protocols, and AI platforms across 50+ chains.
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Biconomy does
Biconomy is a Singapore-headquartered Web3 infrastructure company founded in 2019, operating as a Universal Execution Layer for decentralized applications and autonomous agents. The platform provides smart wallet infrastructure (Smart Accounts built on ERC-4337), cross-chain swap and trading engine with smart order routing across 50+ chains, unified gas abstraction via a Paymaster and cross-chain gas tank, and an agent execution layer with programmable policies (spending limits, contract whitelisting, revocable sessions). Biconomy also offers DeFi Zaps enabling single-click supply and withdraw across 200+ protocols representing $100B+ in zappable TVL. The architecture rests on a TypeScript SDK, REST API (api.biconomy.io), and integrations with major bridges (LiFi, Across, Chainlink CCIP, Circle CCTP), wallets (MetaMask, Trust, Rabby, Safe, Privy, Dynamic, Para, Fireblocks, Anchorage), and DeFi protocols (Aave, Uniswap, Compound, Curve, Lido, MakerDAO, Yearn, Pendle, and others). At the protocol layer, Biconomy is driving the ERC-8211 standards proposal for AI agent DeFi execution.
The company serves three primary customer segments: Web3 developers and dApp builders integrating crypto functionality via SDK; DeFi protocols and applications requiring deep cross-chain liquidity and unified execution; and AI agent platforms needing secure, policy-controlled onchain transaction rails. Named enterprise customers include Animoca Brands, AskGina, Blast, Gemini, Kinexys (J.P. Morgan), Newton, Overherd, Rosetta, Socios, Sophon, Superform, Trust Wallet, and Venus. Distribution is API-first with self-serve developer onboarding (under 5 minutes integration time) plus enterprise overlay via Calendly demo booking; the sales motion is documented as a hybrid PLG-plus-field model.
Biconomy monetizes through usage-based gas sponsorship fees (developers are invoiced monthly for gas costs Biconomy fronts on behalf of users) and transaction fees on cross-chain swaps routed through the trading engine. The BICO token functions as the native utility and governance token. The company has raised approximately $22M cumulatively across a 2020 seed round ($1.5M), a 2021 private round ($9M led by DACM and Mechanism Capital with Coinbase Ventures and Bain Capital), a 2021 public token sale ($11.5M), and follow-on activity in 2023. Backers listed on the company website include Bain Capital, Binance, Coinbase, Consensys, Jump Capital, Mechanism Capital, NfX, ZeePrime, and 15+ other crypto-native and traditional funds. Co-founders Ahmed Al-Balaghi and Aniket Jindal lead alongside CTO Sachin Tomar, and the company reports 101-250 employees.
Biconomy firmographics
Firmographics- Name
- Biconomy
- Legal name
- Biconomy Pte. Ltd.
- Website
- https://biconomy.io
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Biconomy is a Singapore-headquartered Web3 infrastructure provider offering smart wallets, gasless transactions, cross-chain swaps, and AI-agent execution via an API-first SDK. It serves Web3 developers, DeFi protocols, and AI platforms across 50+ chains.
- Ownership category
- akta.pro rank
Biconomy industry classification
Industry- Product category
- Web3 Infrastructure / Blockchain Developer Tools
- NAICS
- Software Publishers (5132), Software Publishers (513210), Software Publishers (51321)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Operational/Real-Time BI & Streaming Analytics (HDAEAMAH)
- akta.pro secondary industry
- Augmented Analytics & AI-Assisted BI (NLQ/NLG, Insights) (HDAEAMAD)
Keywords
Where Biconomy is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Biconomy business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Gas Sponsorship Fees: Biconomy enables developers to sponsor gas fees on behalf of users. The company charges for gas sponsorship services, with monthly invoicing for gas usage across all chains. This creates a usage-based revenue stream where developers pay for gas abstraction services.
- Cross-Chain Swap Fees: Revenue generated from executing cross-chain swaps through the trading engine, likely taking a fee on transactions routed through the platform's liquidity aggregation and smart order routing infrastructure.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Biconomy product offering
Product offeringCore offering
Biconomy is a Web3 infrastructure company providing a universal execution layer for decentralized applications. Through a TypeScript SDK and REST API, it delivers smart wallet (Smart Account) infrastructure, gas abstraction and sponsorship, cross-chain swaps and trading, and policy-controlled execution for autonomous AI agents. Developers integrate the platform in under 5 minutes to embed gasless transactions, cross-chain swaps, DeFi access across 200+ protocols, and AI-agent automation into their applications across 20+ networks.
Product overview
Biconomy is a Web3 infrastructure platform positioned as a Universal Execution Layer. The product portfolio consists of a core platform providing smart wallet infrastructure and execution engine, supplemented by four integrated modules: (1) Swaps & Trading Engine for cross-chain liquidity aggregation and advanced order types; (2) Agents & Automation for autonomous AI agent transaction management with policy controls; (3) Gasless Apps for gas sponsorship and cross-chain gas abstraction; and (4) DeFi Zaps for single-click access to 200+ DeFi protocols. Together these products enable developers to embed crypto functionality including gasless transactions, cross-chain swaps, and AI agent execution into applications with minimal integration effort.
Differentiator
Problem solved
Functional benefit
Brands
- BICO: Native token of the Biconomy platform, used for gas payments and governance purposes.
Products and services
- Biconomy Core Platform Universal execution layer providing smart wallet (Smart Account) infrastructure and execution engine for high-performance DeFi and autonomous AI agents. Enables guardrails, access to deep liquidity, and workflow automation across multiple chains. Targeted at Web3 developers and enterprises building onchain applications via a Type-safe TypeScript SDK and REST API.
- Swaps & Trading Engine Multichain swaps and trading engine offering cross-chain swaps, limit orders, and TWAP execution. Features smart order routing across DEXs, batch and multichain execution bundling multiple actions into a single transaction, and conditional triggers for stop losses and portfolio rebalancing. Designed for dApp developers integrating trading functionality without writing smart contracts.
- Agents & Automation Onchain agent infrastructure enabling autonomous AI agents to transact securely with strict on-chain policies and programmable permissions. Supports spending policies, access policies (contract whitelisting, function selectors, chain restrictions, time windows), revokable sessions, and multiple agents per account with unique permissions. Designed for AI agent platforms and autonomous trading systems.
- Gasless Apps (Gas Abstraction) Gas sponsorship and universal gas abstraction solution eliminating user friction at gas fees. Provides unified cross-chain gas tank, supports ERC-20 token gas payment, enables fully gasless execution for EOA wallets (MetaMask, Rabby, Trust Wallet), and allows developers to sponsor transactions in any token or fiat with policy-controlled conditions.
- DeFi Zaps Single-click supply and withdraw integration for vaults, lending markets, and staking programs across 200+ DeFi protocols on any chain. Abstracts approvals, swaps, and bridging with smart routing and atomic execution, providing instant access to deep liquidity and yield opportunities including Aave, Uniswap, Compound, Curve, Lido, MakerDAO, Yearn, Balancer, Convex, Morpho, Pendle, Rocket Pool, Frax, Euler, Silo, and Spark.
Quantifiable outcome
- 70M+ transactions processed
- +7 more outcomes
Companies that use Biconomy
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles4 records
Biconomy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration31 records
AI capability2 records
Feature8 records
Biconomy partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core.
- LiFicoreCross-chain bridge integration providing deep liquidity aggregation for Biconomy's multichain swap engine.
- AcrosscoreCross-chain protocol integration enabling fast, secure bridge transactions within Biconomy's trading infrastructure.
- Chainlink CCIPcoreBlockchain interoperability protocol integration for secure cross-chain messaging and asset transfers.
- Circle CCTPcoreNative USDC cross-chain transfer protocol integration enabling efficient stablecoin transfers across chains.
- PrivycoreEmbedded wallet provider integration enabling easy wallet connection for end users of Biconomy-powered applications.
- DynamiccoreEmbedded wallet provider integration enabling seamless wallet-as-a-service functionality.
- ParacoreEmbedded wallet infrastructure partner for wallet connection solutions.
- MetaMaskcoreEOA wallet integration supporting existing MetaMask users with fully gasless execution capabilities.
- RabbycoreEOA wallet integration enabling gasless transactions for Rabby wallet users.
- Trust WalletcoreEOA wallet integration supporting Trust Wallet users with gasless execution features.
- FireblockscoreInstitutional-grade custody and infrastructure provider integration for enterprise customers.
- AnchoragecoreInstitutional digital asset custody platform integration for secure institutional operations.
- SafecoreSmart contract wallet platform integration enabling secure multi-sig wallet functionality.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Biconomy competitors and assessment
Company assessmentDirect peers
- Thirdweb: Thirdweb offers a full-stack Web3 development platform with smart account support, gasless transactions, and cross-chain tools. It is a direct peer in providing developer SDKs and infrastructure for deploying Web3 applications with gas abstraction.
- QuickNode: QuickNode provides multi-chain blockchain infrastructure with APIs, RPC endpoints, and developer tools. It is a direct peer in Web3 developer infrastructure and has been expanding into account abstraction and gasless transaction features that overlap Biconomy's offering.
- Infura (Consensys): Infura is a Web3 infrastructure provider offering Ethereum and IPFS APIs, now part of Consensys. It is a direct peer in providing node-as-a-service and developer APIs to dApp builders, and competes with Biconomy for the same developer audience.
- Chainstack: Chainstack provides multi-cloud Web3 infrastructure including RPC nodes, APIs, and dedicated blockchain services. It is a direct peer in Web3 developer infrastructure and competes for the same developer and enterprise customer segments.
- Alchemy: Alchemy is the largest Web3 infrastructure platform offering node services, APIs, and account abstraction tooling. It directly competes with Biconomy in providing developer-facing blockchain infrastructure, with its own Account Abstraction stack (Light Account, Bundler, Paymaster) overlapping Biconomy's Smart Accounts offering.
Broad incumbents
- Fireblocks: Fireblocks is an institutional digital asset custody and infrastructure platform that integrates with Biconomy. While primarily focused on custody and institutional services, its broader wallet infrastructure overlaps with elements of Biconomy's offering.
Emerging players
- ZeroDev: ZeroDev is a specialist in ERC-4337 account abstraction infrastructure, providing smart accounts, bundlers, and paymasters. It is an emerging player with strong overlap to Biconomy's Smart Accounts and ERC-4337 stack.
- Particle Network: Particle Network provides account abstraction and chain abstraction infrastructure for Web3 apps. It overlaps with Biconomy in the smart account and cross-chain execution space and is a credible emerging competitor.
- Safe (formerly Gnosis Safe): Safe is the leading smart contract wallet platform for multisig and account abstraction, and is integrated with Biconomy. It is an adjacent player that competes with elements of Biconomy's smart account infrastructure.
- Stack.so: Stack provides wallet-as-a-service and account abstraction APIs targeting Web3 developers. It is an emerging peer in the smart wallet infrastructure space that Biconomy also serves.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Biconomy social profiles
Digital presenceBiconomy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Biconomy leadership team
Management profileNumber of profiles
Profiles4 records
Biconomy funding detail
Funding detailFunding overview
Funding rounds5 records
Investors31 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Biconomy M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Biconomy
What does Biconomy do?
Biconomy is a Web3 infrastructure company providing a universal execution layer for decentralized applications. Through a TypeScript SDK and REST API, it delivers smart wallet (Smart Account) infrastructure, gas abstraction and sponsorship, cross-chain swaps and trading, and policy-controlled execution for autonomous AI agents. Developers integrate the platform in under 5 minutes to embed gasless transactions, cross-chain swaps, DeFi access across 200+ protocols, and AI-agent automation into their applications across 20+ networks.
Is Biconomy a public or private company?
Biconomy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Biconomy founded?
Biconomy was founded in 2019. It employs 101 to 250 people.
Where is Biconomy based?
Biconomy is headquartered in Singapore, Singapore, in the Asia region.
How does Biconomy make money?
Two revenue lines are on record. Gas Sponsorship Fees are the primary driver. The others are cross-Chain Swap Fees.
Who are Biconomy's main competitors?
Direct peers on record are Thirdweb, QuickNode, Infura (Consensys), Chainstack and Alchemy. Fireblocks is listed as a broad incumbent. Emerging players are ZeroDev, Particle Network, Safe (formerly Gnosis Safe) and Stack.so.
Does Biconomy have an API?
Yes. Biconomy provides a developer API for executing cross-chain swaps, gasless transactions, and agent automation. The REST API endpoint is https://api.biconomy.io/v1/quote for fetching execution quotes for cross-chain swaps. Supports smart account modes, compose flows for cross-chain intent execution, and fee token configuration. Returns quote type, payload to sign, fee, and execution details. Developer documentation is at docs.biconomy.io.
What industry is Biconomy in?
Biconomy's product category is Web3 Infrastructure / Blockchain Developer Tools. Its primary akta.pro industry code is HDAEAMAH, Operational/Real-Time BI & Streaming Analytics, with a secondary code of HDAEAMAD, Augmented Analytics & AI-Assisted BI (NLQ/NLG, Insights). Its NAICS code is 5132 and its SIC code is 7372.