Notabene
Notabene provides pre-transaction Travel Rule compliance and counterparty verification infrastructure for regulated digital asset institutions, exchanges, custodians, and payment providers across 100+ jurisdictions, with an expanding open stablecoin payments network.
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Notabene does
Notabene is a regulatory technology company that provides pre-transaction compliance infrastructure for digital asset institutions. Founded in 2020 and headquartered in New York, the company has built a Travel Rule compliance platform that enables virtual asset service providers (VASPs), custodians, banks, and payment providers to verify counterparties and authorize cryptocurrency and stablecoin transactions before on-chain settlement. The platform is built on the Transaction Authorization Protocol (TAP), an open standard governed through Transaction Authorization Improvement Proposals (TAIPs), and includes proprietary technology such as SafePII for encrypted personal data exchange. Notabene's VASP Network connects 2,000+ verified entities across 100+ jurisdictions, and the company holds SOC 2 Type II and ISO 27001 certifications alongside GDPR and PDPA compliance.
The company's product portfolio includes Notabene Transact (transaction authorization and Travel Rule compliance), SafeTransact (compliance dashboard), SafeConnect (counterparty onboarding), and Notabene Flow (an open stablecoin payments platform launched September 2025 that enables pull payments and B2B stablecoin transactions). Notabene generates revenue through subscription pricing for compliance solutions, transaction fees on Flow (with 76.5bps shared with Responding Agents), one-time integration services, and a freemium Sunrise Plan that provides entry-level compliance with up to $10K in transactions. The company sells to regulated digital asset institutions through enterprise field sales, API-first developer integration, self-serve onboarding, and an integration partner channel that includes Fireblocks, Chainalysis, Elliptic, and TRM Labs.
Notabene has raised approximately $24.5 million in disclosed funding across multiple rounds from 2020 through 2024, with a $14.5 million Series B led by DRW VC in November 2024. The company employs 40 people across offices in New York, Zurich, Singapore, Berlin, and London, and serves named enterprise customers including Crypto.com, Bitstamp, OKX, Copper, Zodia Custody, Bitso, Luno, and Flutterwave. Co-founders Pelle Braendgaard (CEO) and Ania Lipinska (CPO) lead the company alongside COO Alice Nawfal.
Notabene firmographics
Firmographics- Name
- Notabene
- Legal name
- Notabene
- Website
- https://notabene.id
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Notabene provides pre-transaction Travel Rule compliance and counterparty verification infrastructure for regulated digital asset institutions, exchanges, custodians, and payment providers across 100+ jurisdictions, with an expanding open stablecoin payments network.
- Ownership category
- akta.pro rank
Notabene industry classification
Industry- Product category
- Digital Asset Compliance Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG)
- akta.pro secondary industry
- Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)
Keywords
Where Notabene is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Notabene business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Travel Rule Compliance Solutions (Notabene Transact): Subscription-based compliance platform providing end-to-end Travel Rule compliance, counterparty verification, and transaction authorization for regulated digital asset institutions. Revenue generated from platform subscriptions with tiered pricing based on transaction volume and feature access. Converts compliance requirements into a revenue engine through faster settlements and reduced manual review costs.
- Notabene Flow Stablecoin Payments Network: Transaction fee model where every Notabene Flow payment carries a network fee split between the Responding Agent (institution that receives and settles the payment) and Infrastructure Providers. Participating institutions earn 76.5bps on every transaction they settle as a Responding Agent, turning compliance operations into a revenue driver rather than a cost center.
- API Integration and Implementation Services: One-time integration services for connecting to the Notabene network. Single API integration covers Travel Rule compliance for all outbound transfers and inbound asset receipt. Implementation support, live training, and SLAs available for enterprise customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Sunrise Plan - Free entry-level compliance |
| Subscription | Annual | Notabene Transact - Complete Compliance Solution |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Notabene product offering
Product offeringCore offering
Notabene provides a pre-transaction decision-making and compliance platform for digital asset institutions, enabling Travel Rule compliance, counterparty verification, and transaction authorization before settlement. Its flagship offerings include Notabene Transact for end-to-end Travel Rule compliance and Notabene Flow, the first open stablecoin payments platform for B2B transactions, both built on the open Transaction Authorization Protocol (TAP).
Product overview
Notabene offers a modular platform architecture centered on pre-transaction compliance and authorization for digital assets. The core products are Notabene Transact (transaction authorization and Travel Rule compliance) and Notabene Flow (open stablecoin payments platform), both built on the Transaction Authorization Protocol (TAP) open standard. Supporting components include SafeTransact (compliance dashboard), SafeConnect (counterparty onboarding), and the VASP Network (verified counterparty directory of 2,100+ institutions). The platform enables financial institutions to automate counterparty verification, Travel Rule data exchange, sanctions screening, and stablecoin B2B payments across 100+ jurisdictions with over $2T in processed transaction volume.
Differentiator
Problem solved
Functional benefit
Brands
- TAP (Transaction Authorization Protocol): An open protocol for authorizing blockchain payments before settlement, designed for any wallet, exchange, or protocol.
- Notabene Flow
- Notabene Transact
Products and services
- Notabene Transact Pre-transaction decision-making platform that automates Travel Rule compliance, counterparty verification, and transaction authorization in real-time at scale for VASPs and regulated financial institutions. Screens counterparties, exchanges Travel Rule data, and processes transactions with straight-through processing rates above 85%.
- Notabene Flow
Quantifiable outcome
- 85% of transactions process straight-through with no manual intervention
- +3 more outcomes
Companies that use Notabene
Customer profileNamed customers20 records
Segments6 records
Ideal customer profiles4 records
Notabene technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Notabene partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and flagship.
- The Better Money CompanycoreStablecoin clearinghouse partnership integrated into Notabene Flow. Runs par-value clearing directly with issuers (like banks settle between themselves) rather than trading on open market. Enables payer to send any stablecoin while recipient receives preferred stablecoin at exact amount.
- BitsoflagshipFounding Partner of Notabene Flow. Leading Latin American crypto exchange enabling stablecoin B2B payments on the network. Ben Reid, Head of Stablecoins at Bitso, provides quote endorsing Notabene Flow for cross-border business payments.
- Borderless.xyzflagshipFounding Partner of Notabene Flow. Global stablecoin payment network with operations across 70+ countries including Bridge, Bitso, and Yellow Card partnerships. CEO Kevin Lehtiniitty endorses open standards approach.
- DfnscoreFounding Partner of Notabene Flow. Wallet infrastructure provider offering custody and settlement layer for Flow network participants.
- FlutterwavecoreFounding Partner of Notabene Flow. African payments technology company bringing cross-border stablecoin payment capabilities to the network.
- GnosiscoreFounding Partner of Notabene Flow. Blockchain infrastructure provider contributing to open stablecoin payment ecosystem.
- MoneriumcoreFounding Partner of Notabene Flow. E-money institution providing fiat-backed stablecoin issuance and settlement on the network.
- OrbitalcoreFounding Partner of Notabene Flow. Blockchain payments infrastructure enabling cross-border stablecoin settlement.
- PortalcoreFounding Partner of Notabene Flow. DeFi and cross-chain platform bringing decentralized finance integration to the network.
- WalapaycoreFounding Partner of Notabene Flow. Payments provider enabling stablecoin B2B payment flows.
- Yellow CardcoreFounding Partner of Notabene Flow. African stablecoin payment network operating across multiple African markets.
- Zodia CustodyflagshipFounding Partner of Notabene Flow. Institutional digital asset custodian enabling stablecoin payments from client custody accounts. CPO Anoosh Arevshatian endorses trust and interoperability benefits.
- GLEIF (Global Legal Entity Identifier Foundation)coreEntity verification anchored to internationally recognized LEI (Legal Entity Identifier) standard. Provides reliable foundation of counterparty trust across 3.05 million LEIs issued globally with 93%+ active rate.
- FireblockscoreBest-in-class infrastructure partner. Fireblocks' Chief Legal & Compliance Officer Jason P. Allegrante provides endorsement quote on partnership value for customer compliance across jurisdictions.
- ChainalysiscoreBlockchain analytics integration partner in Notabene's connected ecosystem. Provides transaction monitoring and sanctions screening capabilities.
- EllipticcoreBlockchain analytics and AML compliance integration partner providing crypto risk and compliance solutions.
Scale indicators12 records
Recent moves6 records
Expansion highlights7 records
Notabene competitors and assessment
Company assessmentDirect peers
- VerifyVASP: VerifyVASP is a direct competitor focused exclusively on Travel Rule compliance for virtual asset service providers, offering counterparty verification and VASP-to-VASP messaging - the same core use case as Notabene Transact.
- Shyft Network: Shyft builds Travel Rule compliance and verifiable credential infrastructure for crypto institutions, competing directly with Notabene on FATF Recommendation 16 workflows and counterparty data exchange.
- 21Analytics (CODE11): 21Analytics operates a Travel Rule compliance solution for Swiss and global VASPs, directly competing with Notabene on counterparty due diligence and Travel Rule data exchange.
Broad incumbents
- Chainalysis: Chainalysis is the largest blockchain analytics and compliance platform, offering transaction monitoring and AML that overlap with Notabene's compliance positioning, though it focuses on post-transaction analytics rather than pre-settlement authorization.
- TRM Labs: TRM Labs provides blockchain intelligence and compliance tooling for crypto institutions, an integration partner of Notabene that also competes in adjacent AML and fraud detection categories.
- Elliptic: Elliptic offers blockchain analytics, AML, and compliance solutions for digital asset institutions, covering overlapping compliance needs to Notabene but with a focus on analytics rather than pre-transaction authorization.
- Fireblocks: Fireblocks is a leading digital asset custody and settlement platform with an integration partnership with Notabene; its compliance and policy engine capabilities overlap with portions of Notabene's offering.
Emerging players
- ComplyAdvantage: ComplyAdvantage delivers AML and financial crime detection used by crypto firms; it complements Notabene's stack through integration but also competes in the broader crypto compliance workflow.
- Sumsub: Sumsub provides KYC/AML and transaction monitoring for crypto and fintech firms, offering overlapping compliance capabilities to Notabene at the customer onboarding and monitoring layer.
- Crystal Blockchain (Bitfury): Crystal Blockchain provides blockchain analytics, AML, and Travel Rule-adjacent compliance for digital asset businesses, competing in the same regulated institution buyer segment as Notabene.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Notabene social profiles
Digital presenceNotabene compliance and trust
Trust signalCompliance4 records
Notabene financial estimates
Financial estimateRevenue estimate
Valuation estimate
Notabene leadership team
Management profileNumber of profiles
Profiles4 records
Notabene funding detail
Funding detailFunding overview
Funding rounds6 records
Investors22 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Notabene 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 Notabene
What does Notabene do?
Notabene provides a pre-transaction decision-making and compliance platform for digital asset institutions, enabling Travel Rule compliance, counterparty verification, and transaction authorization before settlement. Its flagship offerings include Notabene Transact for end-to-end Travel Rule compliance and Notabene Flow, the first open stablecoin payments platform for B2B transactions, both built on the open Transaction Authorization Protocol (TAP).
Is Notabene a public or private company?
Notabene is a private company. It is classified as venture growth investor backed and is currently operating.
When was Notabene founded?
Notabene was founded in 2021. It employs 1 to 10 people.
Where is Notabene based?
Notabene is headquartered in New York, United States, in the North America region.
How does Notabene make money?
Three revenue lines are on record. Travel Rule Compliance Solutions (Notabene Transact) is the primary driver. The others are notabene Flow Stablecoin Payments Network and API Integration and Implementation Services.
Who are Notabene's main competitors?
Direct peers on record are VerifyVASP, Shyft Network and 21Analytics (CODE11). Broad incumbents are Chainalysis, TRM Labs, Elliptic and Fireblocks. Emerging players are ComplyAdvantage, Sumsub and Crystal Blockchain (Bitfury).
Does Notabene have an API?
Yes. Notabene offers a REST API for integrating Travel Rule compliance and transaction authorization into existing systems. Integration enables counterparty verification, Travel Rule data exchange, transaction screening, and stablecoin payment initiation. Developer documentation available at doc.notabene.id with API-first architecture and modular components. The Flow product uses a single API integration for both Initiating and Responding Agent implementations, with developer documentation at devx.notabene.id. Developer documentation is at doc.notabene.id.
What industry is Notabene in?
Notabene's product category is Digital Asset Compliance Software. Its primary akta.pro industry code is FSADAIAG, Invoice, Billing & Subscription Payments (Crypto), with a secondary code of FSADAIAD, Crypto Remittance & Cross-Border Money Transfer Providers. Its NAICS code is 522320 and its SIC code is 6199.