LootRush
LootRush, operated by Smelt Technologies Inc., is a non-custodial fintech platform offering USD/EUR virtual accounts, multi-currency stablecoin wallets, and global Visa credit cards to entrepreneurs, creators, and remote teams across 180+ countries.
- Company typePrivate
- Founded2022
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What LootRush does
LootRush, operated by Delaware-incorporated Smelt Technologies Inc. and headquartered in San Francisco, is a non-custodial financial technology platform that provides USD/EUR virtual accounts, multi-currency stablecoin wallets, and global Visa-branded credit cards to users across 180+ countries. Founded in 2021 originally as a Web3 blockchain gaming platform offering NFT rentals (initially for Axie Infinity), the company pivoted to become a global financial operating account targeting cross-border entrepreneurs, content creators, and remote teams who lack access to traditional multi-currency banking. The platform enables users to earn in one country, hold balances in another, and spend anywhere Visa is accepted.
The technology stack is built on non-custodial smart contract wallet infrastructure that holds user-controlled balances in USD, EUR, BRL, USDC, and ETH, with conversion between fiat and stablecoin rails. LootPay LLC, a wholly-owned U.S.-registered Money Services Business (MSB) subsidiary, orchestrates connections to licensed third-party financial institutions including Third National (Visa card issuer and principal member), Rain Products Inc. (virtual accounts for stablecoin-to-fiat conversion), SSB (Member FDIC bank partner offering pass-through insurance up to $250,000), Stripe (payment data processing), and AiPrise (biometric KYC). The LootPay Spend Card supports virtual and physical issuance globally with 24/7 stablecoin settlement, while the LootPay Business Card adds 0% APR and collateral-secured spending limits with automatic liquidation events.
LootRush generates revenue primarily through transaction-based fees: a 1% foreign exchange fee on non-USD transactions, late payment penalties up to $40, and returned payment penalties up to $29. The company follows a product-led growth model with self-serve onboarding via Google, Apple, email, or crypto wallet. As of the most recent disclosed data, the company had raised $12 million in a May 2022 seed round led by Paradigm with Andreessen Horowitz and Y Combinator participation, and operated with 11–50 employees.
LootRush firmographics
Firmographics- Name
- LootRush
- Legal name
- Smelt Technologies Inc.
- Website
- https://lootrush.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LootRush, operated by Smelt Technologies Inc., is a non-custodial fintech platform offering USD/EUR virtual accounts, multi-currency stablecoin wallets, and global Visa credit cards to entrepreneurs, creators, and remote teams across 180+ countries.
- Ownership category
- akta.pro rank
LootRush industry classification
Industry- Product category
- Cross-Border Payments
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- International / Multi-Currency Wallets (FSAMAEAL), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)
Keywords
Where LootRush is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
LootRush business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Credit Card Transaction Fees: LootPay business cards charge foreign exchange fees of 1% on non-USD transactions and cross-border fees of 0%. Cards have 0% APR currently.
- Penalty Fees: Late payment fees up to $40 and returned payment fees up to $29.
- Virtual Account Services: Rain virtual account services for stablecoin-to-fiat conversion with fees potentially charged by third-party partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Global credit card with 0% APR |
| Transaction based/ take rate | Pay-as-you-go | Business card with collateral-based spending |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
LootRush product offering
Product offeringCore offering
LootRush operates a global, non-custodial financial operating account that lets users in 180+ countries receive USD/EUR payments, hold multiple currencies and stablecoins in a smart-contract-based wallet, convert across payment rails (ACH, SEPA, Pix, SWIFT), and spend globally with a Visa credit card (LootPay Spend Card) that settles in stablecoins. The platform connects users to regulated third-party institutions for fiat services while keeping assets under user control.
Product overview
LootRush, operated by Smelt Technologies Inc., is a financial technology platform offering a unified suite of financial services. The core LootRush Platform serves as the main interface providing USD/EUR virtual accounts, multi-currency wallets, and LootPay Spend Cards. LootPay, a U.S.-registered Money Services Business (MSB) operated by LootPay LLC, connects users to the card services and regulated third-party financial institutions. The Rain Virtual Account (provided through partnership with Rain Products, Inc.) enables stablecoin-to-fiat conversions. All services are available to users in 180+ countries with non-custodial asset control, KYC/AML compliance, and two-factor authentication.
Differentiator
Problem solved
Functional benefit
Brands
- LootPay: Global payment card service offered by LootRush, providing virtual and physical credit cards that can be used anywhere Visa is accepted. Cards are issued globally with 24/7 settlement and unlimited card availability.
Products and services
- LootRush Platform (Global Operating Account) Core consumer-facing platform providing USD/EUR virtual accounts, multi-currency stablecoin wallet, international transfers, and unlimited virtual credit cards for users in 180+ countries.
- USD/EUR Virtual Accounts Virtual bank accounts that allow users in 180+ countries to receive USD and EUR payments instantly and hold stablecoins without a local bank account.
- Multi-Currency Stablecoin Wallet Non-custodial cryptocurrency wallet supporting USD, EUR, stablecoins (including USDC), and tokenized real-world assets, with user-controlled conversion between currencies and assets.
- LootPay Spend Card Global Visa credit card for individual users that lets them spend in USD, settle in stablecoins, and pay anywhere Visa is accepted; no U.S. residency required; offered as virtual or physical cards with 24/7 settlement and unlimited card issuance.
- LootPay Business Card Business credit card for US-incorporated businesses offering 0% APR on purchases, spending limits secured by digital asset collateral, FDIC-insured funds through Third National bank partner, and a 1% foreign exchange fee on non-USD transactions.
- Rain Virtual Account Virtual account service offered through Rain (Rain Products, Inc.) that enables stablecoin-to-fiat and fiat-to-stablecoin conversions, integrated with the LootPay platform and backed by FDIC pass-through insurance via SSB.
Quantifiable outcome
- Available in 180+ countries for instant USD/EUR account access
- +2 more outcomes
Companies that use LootRush
Customer profileSegments4 records
Ideal customer profiles4 records
LootRush technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature5 records
LootRush partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and supporting.
- StripecoreStripe processes payment data and handles payment instrument storage for LootRush transactions.
- Third NationalcoreIssuer of LootPay Spend Cards as principal member of Visa network. Third National provides the credit card issuing infrastructure.
- Rain (Rain Products, Inc.)coreProvides virtual account services for stablecoin-to-fiat conversion, integrated with LootPay platform. Rain advances accessibility of stablecoins and stablecoin-based applications.
- SSB (Bank Partner)coreFDIC-insured bank partner providing pass-through FDIC insurance up to $250,000 per depositor. Banking services are provided through SSB, Member FDIC.
- AiPrisesupportingThird-party biometric verification service that collects biometric data from government-issued IDs and compares with selfies for identity verification.
- VisacoreVisa is the card network for LootPay spend cards. Cards are issued under license from Visa and can be used anywhere Visa is accepted globally.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
LootRush competitors and assessment
Company assessmentDirect peers
- Wise: Wise offers multi-currency accounts and low-cost cross-border payments to individuals and businesses across most countries. Directly comparable to LootRush's USD/EUR virtual accounts and cross-border payment rail offering, though Wise is custodial and fiat-only.
- Revolut: Revolut provides multi-currency accounts, international transfers, and globally-issued cards to consumers and SMBs. Comparable to LootRush's LootPay card + multi-currency wallet stack, though Revolut is custodial and operates its own banking licenses.
- Payman: Payman enables businesses to pay global contractors and workers in USDC stablecoins, with virtual accounts and card issuance. Closest direct peer to LootRush in terms of USDC-based contractor payroll + multi-currency account offering.
- Beam: Beam offers USDC-based accounts and payment cards targeted at remote workers and freelancers receiving payments from global clients. Directly comparable to LootRush's creator/freelancer use case and stablecoin settlement model.
- Bridge (by Stripe): Bridge provides stablecoin APIs and accounts for businesses to move, hold, and convert USDC. Comparable to LootRush's stablecoin-to-fiat conversion and multi-currency wallet functionality, with stronger API/infrastructure orientation.
Broad incumbents
- Payoneer: Payoneer is an established cross-border payments platform serving freelancers, creators, and SMBs with multi-currency receiving accounts. Overlaps with LootRush's creator/entrepreneur segment, but is fiat-only and far larger.
- Mercury: Mercury offers business banking, cards, and treasury to startups and SMBs. Comparable to LootRush's US Business Account and LootPay Business Card, though Mercury serves US-only and is fiat-only.
Emerging players
- Lili: Lili provides banking, cards, and expense tools specifically for freelancers and sole proprietors. Comparable to LootRush's creator/freelancer segment, though Lili is US-only and lacks the crypto/stablecoin component.
- Rain: Rain provides stablecoin-to-fiat conversion, virtual accounts, and cards — and is both a LootRush partner and an overlapping competitor in the stablecoin card / account space. Comparable product set, particularly for the LootPay Spend Card and Rain Virtual Account offerings.
- Borderless.xyz: Borderless.xyz offers multi-currency business accounts and global payments for SMBs, including stablecoin support. Comparable to LootRush's virtual account and cross-border payment stack with a similar SMB/entrepreneur target.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
LootRush social profiles
Digital presenceLootRush compliance and trust
Trust signalCompliance3 records
LootRush financial estimates
Financial estimateRevenue estimate
Valuation estimate
LootRush leadership team
Management profileNumber of profiles
Profiles1 record
LootRush subsidiaries and ownership
Company hierarchySubsidiaries2 records
LootRush funding detail
Funding detailFunding overview
Funding rounds2 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LootRush 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 LootRush
What does LootRush do?
LootRush operates a global, non-custodial financial operating account that lets users in 180+ countries receive USD/EUR payments, hold multiple currencies and stablecoins in a smart-contract-based wallet, convert across payment rails (ACH, SEPA, Pix, SWIFT), and spend globally with a Visa credit card (LootPay Spend Card) that settles in stablecoins. The platform connects users to regulated third-party institutions for fiat services while keeping assets under user control.
Is LootRush a public or private company?
LootRush is a private company. It is classified as venture growth investor backed and is currently operating.
When was LootRush founded?
LootRush was founded in 2022. It employs 11 to 50 people.
Where is LootRush based?
LootRush is headquartered in San Francisco, United States, in the North America region.
How does LootRush make money?
Three revenue lines are on record. Credit Card Transaction Fees are the primary driver. The others are penalty Fees and virtual Account Services.
Who are LootRush's main competitors?
Direct peers on record are Wise, Revolut, Payman, Beam and Bridge (by Stripe). Broad incumbents are Payoneer and Mercury. Emerging players are Lili, Rain and Borderless.xyz.
Does LootRush have an API?
No public API is recorded for LootRush.
What industry is LootRush in?
LootRush's product category is Cross-Border Payments. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of FSAMAEAL, International / Multi-Currency Wallets. Its SIC code is 6199.