Electroneum
company_description_short
- Company typePrivate
- Founded2017
- HeadquartersMaidstone, United Kingdom
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Electroneum does
Electroneum is a UK-headquartered blockchain infrastructure company operating the ETN Network — a corporate group comprising Electroneum Limited (UK parent), Red Cube Services Limited (KYC/AML), Electroneum Projects Limitada in Costa Rica (wallet/app services), and Belgravia Trading Services Ltd (IP holding). The company's core product is Electroneum 2.0, a Layer-1 EVM-compatible blockchain launched in 2025 that uses a Proof of Responsibility (PoR) consensus mechanism with Istanbul Byzantine Fault Tolerance (IBFT), permissioned validators drawn from NGOs and universities, 5-second single-block finality, and ultra-low transaction fees under 0.1% of typical Ethereum costs.
The company serves two primary customer segments: emerging-market mobile users historically targeted via the ETN App for mobile top-ups, airtime purchases, and cross-border transfers, and Web3 developers building on EVM-compatible infrastructure with sustainability requirements. Additional ESG-focused partnerships (notably with One Ocean Foundation) extend reach into environmental and conservation verticals. Distribution runs through 20+ centralized and decentralized exchanges globally, alongside developer APIs, an ETN-SC node client, and third-party wallet integrations with MetaMask, Rabby, Trust Wallet, Zypto, and Ledger.
Electroneum's revenue model relies on transaction fees that are fractions of a cent per on-chain transaction (average 24h fee approximately 0.000021 ETN), supplemented historically by managed wallet services that are being wound down by July 2026. The company raised approximately $40M in a 2017 ICO, maintains a lean team of 11–50 employees, and holds founding or first-mover positions in the Digital Pound Foundation and GSMA. No enterprise customer revenue, ARR, or financial disclosures beyond ICO proceeds are available in the source material, and the proprietary wallet business is being divested.
Electroneum firmographics
Firmographics- Name
- Electroneum
- Legal name
- Electroneum Limited
- Website
- https://electroneum.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- company_description_short
- Ownership category
- akta.pro rank
Electroneum industry classification
Industry- Product category
- Layer-1 Blockchain Infrastructure
- NAICS
- Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys) (FSAPABAK)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Crypto Payment Gateways & Checkout APIs (FSADAIAA), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE)
Keywords
Where Electroneum is headquartered
LocationHeadquarters
- HQ city
- Maidstone
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Electroneum business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees: Users pay transaction fees when transferring ETN on the blockchain. The average 24-hour transaction fee is approximately 0.000021039487817970114 ETN, which is a fraction of a cent.
- Wallet Services (Discontinued): Previously, Electroneum provided wallet services through the ETN App. Wallet functionality was removed on April 10, 2026, with users required to migrate to alternative wallets. This service was provided as part of the platform ecosystem.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Network transaction fee |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Electroneum product offering
Product offeringCore offering
Electroneum operates the Electroneum 2.0 Layer-1 EVM-compatible blockchain and the ETN cryptocurrency token, delivering 5-second transaction finality, ultra-low fees (under 0.1% of Ethereum fees), and a Proof of Responsibility consensus model run by NGO and university validators. Users access the chain through the ETN App and ETN Wallet for peer-to-peer transfers and mobile payments, while developers build dApps using Solidity and Ethereum tooling. Wallet services are being phased out, with users migrating to third-party wallets such as MetaMask and Trust Wallet.
Product overview
Electroneum operates a cryptocurrency ecosystem built around ETN tokens and the Electroneum 2.0 blockchain. The core offering is the Electroneum Smart Chain (Electroneum 2.0), a sustainable Layer-1 blockchain with EVM compatibility and 5-second finality. Users access the network through the ETN Wallet (web and mobile apps), while developers can build using the ETN-SC Client for node operation, the Vendor API for payment integration, and test using the ETN Testnet Faucet. The ecosystem is supported by wallet integrations with Metamask, Zypto, Rabby, Trust Wallet, and Ledger hardware wallets.
Differentiator
Problem solved
Functional benefit
Brands
- ETN: The cryptocurrency token developed by Electroneum - an exchange token that functions as a method of payment or making charitable donations.
Products and services
- Electroneum 2.0 (Electroneum Smart Chain) A sustainable Layer-1 EVM-compatible blockchain using Proof of Responsibility consensus, offering 5-second finality, ultra-low fees, and permissioned NGO/university validators for Web3 developers and end users.
- ETN Wallet Digital asset wallet available on web and mobile for storing ETN tokens, sending and receiving ETN, viewing transaction history, and accessing blockchain features.
- ETN App Mobile application for Android and iOS providing ETN wallet services, instant peer-to-peer payments, and KYC/AML verification for user compliance.
Quantifiable outcome
- 99.9% greener than Proof-of-Work blockchains
- +3 more outcomes
Companies that use Electroneum
Customer profileSegments3 records
Ideal customer profiles3 records
Electroneum technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature5 records
Electroneum partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- One Ocean FoundationcoreElectroneum partnered with One Ocean Foundation to harness green blockchain technology for real-world ocean impact. Together they support the Blue Forest initiative, using low-energy NFTs and transparent on-chain reporting to fund the restoration of vital seagrass meadows in the Mediterranean. The partnership channels contributions directly into measurable action for a healthier ocean.
- Digital Pound FoundationcoreElectroneum is a founding member of the Digital Pound Foundation, helping shape conversations around the future of central bank digital currencies (CBDCs) in the UK. Participation reflects commitment to responsible innovation and real-world use cases for blockchain technology.
- GSMAcoreElectroneum was the first cryptocurrency project accepted into the GSMA (the global mobile operator trade association). This validates its telecom integrations and highlights the project's work connecting blockchain to real-world services like mobile top-ups and airtime in emerging markets.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Electroneum competitors and assessment
Company assessmentDirect peers
- Polygon: Polygon is an EVM-compatible Layer-1/Layer-2 network focused on low-cost, high-throughput Ethereum-compatible execution. It directly competes with Electroneum 2.0 on the same developer audience and the same cost-and-speed value proposition.
- Avalanche: Avalanche's C-Chain is an EVM-compatible Layer-1 with fast finality and low fees targeting similar developer and DeFi workloads. Both chains compete for the same EVM-migrating developer mindshare.
- BNB Chain: BNB Chain is a high-throughput, EVM-compatible Layer-1 with ultra-low fees and broad exchange integration. It is a direct competitor for cost-sensitive, high-volume applications and emerging-market use cases.
- Fantom: Fantom is an EVM-compatible Layer-1 optimized for fast finality and low-cost transactions. It targets the same developer persona and application set as Electroneum 2.0.
- Celo: Celo is a mobile-first, EVM-compatible Layer-1 designed for emerging-market payments and financial inclusion. Its target user (mobile-first, emerging-market, low-fee) most closely mirrors Electroneum's primary segment.
- Algorand: Algorand is a Layer-1 emphasizing energy efficiency, fast finality, and enterprise/ESG positioning. It directly overlaps with Electroneum's sustainability narrative and sustainability-conscious enterprise pitch.
- Stellar: Stellar is a Layer-1 focused on cross-border payments, remittances, and emerging-market financial access. It overlaps with Electroneum's mobile top-up, airtime, and emerging-market payments wedge.
- Tezos: Tezos is an energy-efficient Layer-1 with on-chain governance and an emphasis on formal verification and sustainability. It is comparable to Electroneum on ESG positioning and developer-facing tooling.
Broad incumbents
- Hedera: Hedera is an enterprise-focused, energy-efficient distributed ledger with a permissioned governance council. It competes for ESG-conscious enterprise and public-sector workloads that Electroneum also targets.
- Solana: Solana is a high-throughput Layer-1 with very low fees. It competes with Electroneum in the cost-and-speed niche but operates at substantially larger scale and developer adoption.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Electroneum social profiles
Digital presenceElectroneum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Electroneum leadership team
Management profileNumber of profiles
Profiles1 record
Electroneum subsidiaries and ownership
Company hierarchySubsidiaries3 records
Electroneum funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Electroneum 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 Electroneum
What does Electroneum do?
Electroneum operates the Electroneum 2.0 Layer-1 EVM-compatible blockchain and the ETN cryptocurrency token, delivering 5-second transaction finality, ultra-low fees (under 0.1% of Ethereum fees), and a Proof of Responsibility consensus model run by NGO and university validators. Users access the chain through the ETN App and ETN Wallet for peer-to-peer transfers and mobile payments, while developers build dApps using Solidity and Ethereum tooling. Wallet services are being phased out, with users migrating to third-party wallets such as MetaMask and Trust Wallet.
Is Electroneum a public or private company?
Electroneum is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Electroneum founded?
Electroneum was founded in 2017. It employs 11 to 50 people.
Where is Electroneum based?
Electroneum is headquartered in Maidstone, United Kingdom, in the Europe region.
How does Electroneum make money?
Two revenue lines are on record. Transaction Fees are the primary driver. The others are wallet Services (Discontinued).
Who are Electroneum's main competitors?
Direct peers on record are Polygon, Avalanche, BNB Chain, Fantom, Celo, Algorand, Stellar and Tezos. Broad incumbents are Hedera and Solana.
Does Electroneum have an API?
Yes. Electroneum provides developer APIs for building with the Electroneum Smart Chain. The documentation covers JavaScript APIs (web3.js library) and JSON-RPC endpoints for interacting with the blockchain. Developers can use the web3 object to communicate with local nodes through RPC calls and build dapps using the Electroneum Smart Chain. Developer documentation is at developer.electroneum.com.
What industry is Electroneum in?
Electroneum's product category is Layer-1 Blockchain Infrastructure. Its primary akta.pro industry code is FSAPABAK, Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys), with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 52321 and its SIC code is 6200.