Mural
Mural Pay provides API-first stablecoin payment infrastructure for platforms, fintechs, banks, and global payroll providers. It enables instant cross-border payments, multi-currency accounts, FX conversion, compliance automation, and treasury management through white-label integration.
- Company typePrivate
- Founded2022
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Mural does
Mural Pay is a New York-headquartered fintech founded in January 2022 by Sinclair Toffa, a former Palantir engineer, that operates an API-first stablecoin payment infrastructure platform for cross-border money movement. The company enables platforms, fintechs, banks, marketplaces, and global payroll providers to launch multi-currency accounts, wallets, and payment flows via a single API, with capabilities spanning Store (multi-currency wallet management), Send (cross-border transfers), Receive (dedicated accounts with routing), Convert (real-time FX), Earn (yield on idle balances), and Comply (KYC/AML/BSA automation). Core differentiators include self-custodial digital wallets, compliance-first architecture with US money transmission licenses (NMLS #2744530), and established stablecoin off-ramps in Latin America (Brazil, Argentina, Mexico, Colombia) where wire transfer costs average 5.8% and stablecoin transactions exceeded $415 billion in 2025.
The business model combines transaction-based processing fees with platform/SaaS subscription fees set in enterprise Order Forms, targeting an API-first go-to-market with white-label distribution through partners such as Bridge (USD/EUR virtual accounts) and Erebor Bank (FBO accounts and DDAs). Named enterprise customers include Opera (content creator payouts, 320M+ MAU browser), Deel (global stablecoin payroll), Bolt (embedded merchant accounts), TaxBit (tax compliance payments integration), and Koywe (LATAM FX). Forward-deployed engineers support customers to go live in under three weeks. The company is venture-backed with $5.6 million in disclosed seed funding from Digital Currency Group, Galaxy Ventures, Firstminute Capital, 186 Ventures, AlleyCorp, and Palumni VC, and operates additional offices in Denver and Bogotá while serving customers across North America, LATAM, Africa, Europe, the Middle East, and Asia Pacific.
Mural firmographics
Firmographics- Name
- Mural
- Legal name
- Mural Technologies, Inc.
- Website
- https://muralpay.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mural Pay provides API-first stablecoin payment infrastructure for platforms, fintechs, banks, and global payroll providers. It enables instant cross-border payments, multi-currency accounts, FX conversion, compliance automation, and treasury management through white-label integration.
- Ownership category
- akta.pro rank
Mural industry classification
Industry- Product category
- Cross-Border Payments Infrastructure
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Payroll & Contractor Payments (Crypto) (FSADAIAH)
Keywords
Where Mural is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Mural business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Transaction Processing Fees: Fees charged for processing stablecoin payments and cross-border transactions through the platform. Customers pay based on transaction volume processed.
- Platform/SaaS Fees: Subscription-style fees for access to the Mural Services including API access, account provisioning, and compliance infrastructure. Fees set in Order Forms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Custom enterprise pricing based on volume and use case |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Mural product offering
Product offeringCore offering
Mural Pay is a cloud-based SaaS platform that provides enterprise-grade stablecoin payment infrastructure for cross-border transactions. Through a single API, it enables platforms, fintechs, banks, and global payroll providers to launch multi-currency accounts, deploy self-custodial wallets, send and receive instant payments, perform real-time FX conversion, generate yield on idle balances, and automate KYC/AML/BSA compliance. The offering is delivered both as direct enterprise SaaS and as white-label infrastructure that partners embed under their own branding.
Product overview
Mural Pay is a unified financial infrastructure platform providing enterprise-grade stablecoin rails for cross-border payments. The core platform offers six integrated capabilities: Store (multi-currency wallet management), Send (cross-border transfers), Receive (dedicated accounts with routing), Convert (FX at market rates), Earn (yield on idle balances), and Comply (automated compliance and regulatory reporting). The platform targets platforms, fintechs, banks, and businesses requiring global payroll and marketplace settlement solutions, with customers reporting 20-95% cost savings compared to legacy providers.
Differentiator
Problem solved
Functional benefit
Products and services
- Mural Pay Enterprise-grade stablecoin infrastructure platform that enables platforms, fintechs, banks, and global payroll providers to launch multi-currency accounts, self-custodial wallets, and instant cross-border payments via a single API. Includes capabilities for storing funds in multiple currencies, sending and receiving payments globally, real-time FX conversion, generating yield on idle balances, and automated KYC/AML/BSA compliance.
Quantifiable outcome
- Customers save 20 to 95 percent compared to legacy providers
- +4 more outcomes
Companies that use Mural
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Mural technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Mural partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and secondary.
- TaxBitcoreTaxBit partnered with Mural Pay to deploy a payments module enabling companies to integrate stablecoin payments, including invoice generation and tracking, into their operations while meeting financial reporting requirements. TaxBit clients including digital asset exchanges, banks, fintechs, and government entities can invoice customers and accept stablecoins as payment globally.
- OperacoreOpera, the world's fourth-largest browser with 320+ million monthly active users, uses Mural Pay to pay thousands of content creators instantly in stablecoins, eliminating slow international wires and cutting costs.
- DeelcoreDeel powers compliant stablecoin payroll for thousands of employees worldwide through Mural Pay's API, giving their customers a faster, cheaper alternative to traditional cross-border payments.
- BoltcoreBolt embeds Mural's merchant accounts directly into their platform, allowing merchants to accept stablecoin payments, open bank accounts without leaving Bolt, and pay vendors globally—all through a single integration.
- KoywesecondaryKoywe integrated Mural to unlock stablecoin-to-local-currency conversions across Latin America, leveraging best-in-market FX rates and a developer-first API that had them live in weeks.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Mural competitors and assessment
Company assessmentDirect peers
- Circle: Issuer of USDC, the dominant USD stablecoin, and now offers payment APIs and cross-border payout infrastructure for platforms. Most direct head-to-head competitor to Mural in stablecoin payment rails for fintechs and banks.
- Bridge (Stripe): Stablecoin API platform acquired by Stripe providing USD/EUR virtual accounts and stablecoin issuance for platforms — directly comparable to Mural's accounts, wallets, and payouts offering, and now backed by Stripe's distribution.
- BVNK: Enterprise stablecoin payments infrastructure serving platforms, fintechs, and corporates with on/off-ramps, multi-currency accounts, and payouts — competes head-to-head with Mural on cross-border B2B payments.
Broad incumbents
- Ripple: Provider of RippleNet and RLUSD stablecoin for cross-border payments and enterprise treasury, serving banks and global payment providers at much larger scale than Mural, with overlapping target customers.
- Stripe: Global payments incumbent now expanding into stablecoin issuance via Bridge and crypto payouts; overlapping customer base with Mural among platforms and marketplaces, with vastly more capital and banking relationships.
- MoonPay: Crypto payments and on/off-ramp provider serving both consumer and B2B use cases globally; adjacent competitor in stablecoin payments infrastructure with deeper consumer brand recognition.
Emerging players
- Conduit Pay: Stablecoin-powered cross-border payments platform focused on emerging markets (LATAM, Africa, APAC) — directly comparable to Mural's emerging-markets USD-access thesis and use cases.
- Bitnob: Stablecoin-based payments platform serving Africa and emerging markets with remittances, payouts, and business accounts — competes with Mural for emerging-market cross-border B2B use cases, especially across African corridors.
- Yellow Card: Pan-African stablecoin payments and on/off-ramp platform; comparable to Mural in providing USD access and business payouts across African markets that Mural also targets (Nigeria, Kenya, South Africa).
- Transak: Global crypto on/off-ramp infrastructure providing fiat-to-stablecoin and stablecoin-to-fiat conversion for apps and platforms — adjacent peer with overlapping developer-first distribution and global coverage.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Mural social profiles
Digital presenceMural compliance and trust
Trust signalCompliance3 records
Mural financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mural leadership team
Management profileNumber of profiles
Profiles1 record
Mural funding detail
Funding detailFunding overview
Funding rounds2 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mural 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 Mural
What does Mural do?
Mural Pay is a cloud-based SaaS platform that provides enterprise-grade stablecoin payment infrastructure for cross-border transactions. Through a single API, it enables platforms, fintechs, banks, and global payroll providers to launch multi-currency accounts, deploy self-custodial wallets, send and receive instant payments, perform real-time FX conversion, generate yield on idle balances, and automate KYC/AML/BSA compliance. The offering is delivered both as direct enterprise SaaS and as white-label infrastructure that partners embed under their own branding.
Is Mural a public or private company?
Mural is a private company. It is classified as venture growth investor backed and is currently operating.
When was Mural founded?
Mural was founded in 2022. It employs 11 to 50 people.
Where is Mural based?
Mural is headquartered in New York, United States, in the North America region.
How does Mural make money?
Two revenue lines are on record. Transaction Processing Fees are the primary driver. The others are platform/SaaS Fees.
Who are Mural's main competitors?
Direct peers on record are Circle, Bridge (Stripe) and BVNK. Broad incumbents are Ripple, Stripe and MoonPay. Emerging players are Conduit Pay, Bitnob, Yellow Card and Transak.
Does Mural have an API?
Yes. Mural Pay provides a cloud-based software-as-a-service platform API for payment processing, transaction management, and financial technology solutions built on fiat and stablecoin payment rails. The API enables developers to build financial products including accounts, wallets, and payments functionality. Documentation available at docs.muralpay.com. Developer documentation is at docs.muralpay.com.
What industry is Mural in?
Mural's product category is Cross-Border Payments Infrastructure. Its primary akta.pro industry code is FSAGABAN, Payouts, Disbursements & Mass Payments Infrastructure, with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its SIC code is 6199.