CFX Labs
CFX Labs is a Chicago-based fintech that issues the MOVEUSD stablecoin on Solana and provides digital dollar infrastructure — including retail cash load, embedded wallets, and real-time payouts in 220+ markets — to fintechs, banks, remittance operators, and embedded finance platforms.
- Company typePrivate
- Founded2021
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What CFX Labs does
CFX Labs Inc. is a Chicago-based fintech founded in 2021 that provides digital dollar infrastructure built on the Solana blockchain. Its core product is MOVEUSD, a U.S. dollar stablecoin redeemable 1:1 for USD, fully backed by reserves held in FDIC Member Bank custodial accounts. The company operates under NMLS #2383683 and MSB #31000284640857 registrations, and is incorporated in Illinois. CFX Labs complements the stablecoin with a suite of integrated services: CFX Retail Cash Load (enabling physical cash conversion to MOVEUSD at Walmart, CVS, Walgreens, and 7-Eleven), CFX MintWire & MintAccounts (U.S. ACH and FedWire payment collection and disbursement), CFX Liquid Treasury (yield generation on USDC/USDT-to-MOVEUSD conversions via T-Bills), CFX Smart Wallet (no-code embedded wallet for partner apps and websites), and Global Local Payouts (real-time local-currency payouts across 220+ markets). It also provides a KYC/KYB Passport for partner user onboarding and a network explorer (coinfx.network) for transaction tracking.
The company operates a hybrid B2B/API-first go-to-market, targeting fintech companies, banks, remittance operators, and embedded finance platforms through direct enterprise sales and developer self-service via docs.moveusd.com. Pricing is quote-based for B2B partners and not publicly disclosed, while individual wallet holders can earn up to 4.5% APY on USD balances. Revenue streams include transaction fees on stablecoin issuance, redemption, and cross-border transfers; yield spreads on Liquid Treasury; and API access / licensing fees. The company's reference customer, Balam, uses CFX infrastructure to power WhatsApp-based remittances across 18+ countries at 80% lower cost and 10x faster than traditional services, with over $2.6 million in cash loaded via the integration. CFX Labs has offices in Chicago, Mexico City, and São Paulo, has raised approximately $9.5 million in seed funding (November 2023) and over $14 million in a subsequent securities offering (December 2024), and operates with a 1–10 person team.
CFX Labs firmographics
Firmographics- Name
- CFX Labs
- Legal name
- CFX Labs Inc.
- Website
- https://cfxlabs.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CFX Labs is a Chicago-based fintech that issues the MOVEUSD stablecoin on Solana and provides digital dollar infrastructure — including retail cash load, embedded wallets, and real-time payouts in 220+ markets — to fintechs, banks, remittance operators, and embedded finance platforms.
- Ownership category
- akta.pro rank
CFX Labs industry classification
Industry- Product category
- Digital Payments Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF)
- akta.pro secondary industries
- Stablecoin Issuers (Fiat-Backed) (FSADADAA), On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)
Keywords
Where CFX Labs is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
CFX Labs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Stablecoin Issuance & Settlement: CFX earns revenue through the issuance and settlement of its MOVEUSD stablecoin and integration with USDC/USDT, charging transaction fees for minting, redemption, and cross-border transfers. The platform earns yield on USD balances held in FDIC Member Banks, passing a portion (up to 4.5%) to wallet holders while retaining the remainder.
- CFX Liquid Treasury: CFX Liquid Treasury generates T-Bill yield on stablecoin-to-stablecoin conversions (USDC/USDT to MOVEUSD). Revenue is generated from the spread between the yield earned and the amount paid out to wallet holders, as well as custom cash management tokenization fees.
- Payment Rail & API Access Fees: CFX provides B2B API access to its digital dollar infrastructure (MintWire, MintAccounts, Global Local Payouts) to enterprise partners including banks, fintechs, and remittance companies, likely generating revenue through API usage fees or licensing arrangements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Real World Stablecoins - Up to 4.5% yield on USD balances for wallet holders |
| Other | Multi-year contract | Smart Wallet Solutions - B2B embedded wallet for apps and websites |
| Transaction based/ take rate | Pay-as-you-go | Global Real-Time Payouts - Payouts in 220+ markets |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
CFX Labs product offering
Product offeringCore offering
CFX Labs operates a U.S.-based digital dollar infrastructure platform that issues the MOVEUSD stablecoin (redeemable 1:1 for USD, custodied by FDIC Member Banks) on the Solana blockchain, and exposes this infrastructure through APIs to enterprise partners. The platform combines stablecoin issuance, ACH/FedWire/retail cash load payment rails, an embedded smart wallet, T-Bill yield via Liquid Treasury, and real-time global payouts across 220+ markets, enabling fintechs, banks, and remittance operators to deliver programmable money services to their end users.
Product overview
CFX Labs offers a digital dollar infrastructure platform built on Solana blockchain for real-time global payments. The core product is MoveUSD (MOVEUSD), a fully-backed dollar stablecoin redeemable 1:1 for USD. The platform comprises multiple integrated services: CFX Retail Cash Load for cash deposits at major retail chains (Walmart, CVS, Walgreens, 7-Eleven); CFX MintWire & MintAccounts for US bank account payments; CFX Liquid Treasury for converting USDC/USDT with T-Bill yield generation; CFX Smart Wallet for embedding wallet functionality into apps; and Global Local Payouts for real-time transfers across 220+ markets. The CFX Network Explorer provides transaction tracking, while the platform integrates with major US payment rails (ACH, FedWire) and accepts USDC/USDT stablecoins.
Differentiator
Problem solved
Functional benefit
Brands
- MoveUSD: CFX-issued digital asset that is redeemable 1:1 for U.S. dollars, fully-backed by USD custody by FDIC Member Banks.
- MoveMoney
- CoinFX
- CFX Liquid Treasury
- CFX MintWire & MintAccounts
- CFX Retail Cash Load
- Smart Wallet
Products and services
- MoveUSD (MOVEUSD) Stablecoin Fully-backed dollar stablecoin issued by CFX Labs on the Solana blockchain, redeemable 1:1 for U.S. dollars. USD reserves are held in custodial accounts by FDIC Member Banks. Designed for B2B partners integrating programmable digital dollar infrastructure into their products.
- CFX Smart Wallet No-code, fully customizable smart wallet that embeds into partner mobile apps or websites for cash acceptance and digital dollar management. Built on Solana blockchain and targeted at B2B partners seeking turnkey embedded wallet functionality.
- Global Local Payouts Real-time payout service that leverages local payment networks to deliver funds in local currency across 220+ markets globally. Targeted at remittance operators, fintechs, and banks enabling instant cross-border disbursements to end recipients.
- CFX Retail Cash Load Service enabling users to load digital wallets with cash at thousands of U.S. retail locations including Walmart, CVS, Walgreens, and 7-Eleven. Bridges physical cash to CFX's digital dollar infrastructure for partner fintechs and consumer wallet users.
- CFX MintWire & MintAccounts Service facilitating payment collection and disbursement between U.S. bank accounts using digital dollars, supporting ACH and FedWire transfers. Enables B2B partners to offer bank-account-based stablecoin payment flows.
- CFX Liquid Treasury Treasury product enabling instant conversion from USDC and USDT to CFX-issued MOVEUSD stablecoin while generating T-Bill yield. Allows partners and wallet holders to earn risk-adjusted returns on on-chain assets.
- MoveMoney Consumer App Consumer-facing mobile wallet app (movemoney.app) enabling users to store USD stablecoins, load cash at major retailers, and send cross-border remittances. Serves as a product reference for B2B partners evaluating CFX's embedded wallet technology.
Quantifiable outcome
- Remittance costs reduced by 80% compared to traditional services
- +4 more outcomes
Companies that use CFX Labs
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
CFX Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature8 records
CFX Labs partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and key.
- BalamcoreBalam is a remittance fintech that uses CFX's digital dollar infrastructure to power WhatsApp-based international transfers, offering remittances 80% cheaper (80%) and 10X faster across 18+ countries. CFX processed over $2.6 million in cash loads through the Balam partnership.
- USDC (Circle)coreCFX's platform accepts USDC stablecoin and enables instant conversion to its MOVEUSD stablecoin, integrating with the Circle/USDC ecosystem for on-chain asset management and T-Bill yield generation.
- USDT (Tether)coreCFX's Liquid Treasury product supports USDT conversion to MOVEUSD stablecoin, enabling T-Bill yield generation for USDT holders using CFX's infrastructure.
- FDIC Member Banks (USD Custody)coreUSD deposits collateralizing CFX Labs' MOVEUSD stablecoin are held in beneficiary accounts by FDIC Member Banks, providing regulatory-grade custody and FDIC insurance protection for customer funds.
- WalmartkeyWalmart retail locations serve as cash load points for CFX's smart wallet users, enabling physical cash to be converted into digital dollars at Walmart stores across the United States.
- CVS PharmacykeyCVS Pharmacy locations serve as cash load points for CFX's smart wallet users, enabling physical cash conversion to digital dollars at CVS stores nationwide.
- WalgreenskeyWalgreens retail locations serve as cash load points for CFX's smart wallet users, enabling cash-to-digital-dollar conversion at Walgreens stores.
- 7-Elevenkey7-Eleven convenience store locations serve as cash load points for CFX's smart wallet users, enabling broad cash-in accessibility across the 7-Eleven retail network.
- Solana BlockchaincoreCFX's MOVEUSD stablecoin is issued on the Solana blockchain, leveraging Solana's high-throughput, low-cost transaction infrastructure for stablecoin transfers and settlement.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
CFX Labs competitors and assessment
Company assessmentDirect peers
- Zero Hash: Zero Hash provides crypto and stablecoin infrastructure-as-a-service, including minting, custody, and payments APIs for banks and fintechs. Closely comparable to CFX Labs' B2B API stack for embedded stablecoin and payment services.
- Bridge (Stripe): Bridge provides APIs for stablecoin issuance, orchestration, and cross-border payments; acquired by Stripe in 2024. Closely comparable to CFX Labs in API-first stablecoin payment infrastructure for fintechs and banks.
- Circle: Circle issues USDC, the dominant US-regulated dollar stablecoin, and offers a developer platform with APIs for cross-border payments and treasury operations. Direct competitor to CFX Labs in fiat-backed stablecoin issuance and B2B payment infrastructure.
- BVNK: BVNK offers stablecoin payment infrastructure for businesses, enabling payouts, collections, and on/off-ramps in multiple currencies. Directly competes with CFX Labs' Global Payouts and embedded wallet offerings for enterprise fintech clients.
- Paxos: Paxos issues USDP and PYUSD (PayPal's stablecoin) and provides regulated stablecoin infrastructure, custody, and APIs for enterprise clients. Directly comparable to CFX Labs as a regulated stablecoin issuer serving fintech and institutional partners.
- Ripple: Ripple provides XRP-based cross-border payment rails (RippleNet, ODL) and the RLUSD stablecoin, targeting banks and remittance operators. Directly comparable to CFX Labs in cross-border payment infrastructure for financial institutions.
Broad incumbents
- MoneyGram: MoneyGram operates a global remittance network with crypto on/off-ramps via its Stellar-based partnership. A broad incumbent in the cross-border payment space where CFX Labs targets disruption, particularly for emerging-market corridors.
- PayPal (PYUSD): PayPal issues PYUSD (Paxos-issued) stablecoin and operates Xoom for remittances. A broad incumbent with overlapping capabilities in regulated stablecoin payments and cross-border transfers, though distributed at much larger scale.
- Tether: Tether issues USDT, the largest stablecoin by circulation. While offshore and unregulated, USDT dominates remittance corridors and is integrated with CFX's Liquid Treasury for USDC/USDT-to-MOVEUSD conversion, making it both a competitor and a liquidity source.
Emerging players
- Rain: Rain provides stablecoin-based payment APIs and on-chain banking infrastructure for fintechs in emerging markets. An emerging player with overlap to CFX Labs' cross-border payout and emerging-market remittance focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
CFX Labs social profiles
Digital presenceCFX Labs compliance and trust
Trust signalCompliance7 records
CFX Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
CFX Labs leadership team
Management profileNumber of profiles
Profiles2 records
CFX Labs funding detail
Funding detailFunding overview
Funding rounds2 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CFX Labs 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 CFX Labs
What does CFX Labs do?
CFX Labs operates a U.S.-based digital dollar infrastructure platform that issues the MOVEUSD stablecoin (redeemable 1:1 for USD, custodied by FDIC Member Banks) on the Solana blockchain, and exposes this infrastructure through APIs to enterprise partners. The platform combines stablecoin issuance, ACH/FedWire/retail cash load payment rails, an embedded smart wallet, T-Bill yield via Liquid Treasury, and real-time global payouts across 220+ markets, enabling fintechs, banks, and remittance operators to deliver programmable money services to their end users.
Is CFX Labs a public or private company?
CFX Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was CFX Labs founded?
CFX Labs was founded in 2021. It employs 11 to 50 people.
Where is CFX Labs based?
CFX Labs is headquartered in Chicago, United States, in the North America region.
How does CFX Labs make money?
Three revenue lines are on record. Stablecoin Issuance & Settlement is the primary driver. The others are CFX Liquid Treasury and payment Rail & API Access Fees.
Who are CFX Labs's main competitors?
Direct peers on record are Zero Hash, Bridge (Stripe), Circle, BVNK, Paxos and Ripple. Broad incumbents are MoneyGram, PayPal (PYUSD) and Tether. Rain is listed as an emerging player.
Does CFX Labs have an API?
Yes. CFX Labs offers developer documentation and APIs for its digital dollar infrastructure. Developers can access documentation, blockchain explorers, and wallet solutions. The MOVEUSD token is available on Solana blockchain. The platform enables integration with payment rails including ACH, FedWire, and retail cash load networks. Developer documentation is at docs.moveusd.com.
What industry is CFX Labs in?
CFX Labs's product category is Digital Payments Infrastructure. Its primary akta.pro industry code is FSADADAF, Stablecoin Payment Rails & Settlement Networks (Issuer-Led), with a secondary code of FSADADAA, Stablecoin Issuers (Fiat-Backed). Its NAICS code is 52232 and its SIC code is 6200.