Kado
Kado (operating as Swapped.com) is a non-custodial crypto on-ramp and off-ramp platform enabling individual consumers in 150+ countries to buy and sell 30+ cryptocurrencies via 40+ payment methods, with instant wallet delivery and multi-jurisdictional regulatory licensing.
- Company typePrivate
- Founded2021
- HeadquartersBoston, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What Kado does
Kado, operating commercially as Swapped.com, is a non-custodial cryptocurrency on-ramp and off-ramp platform founded in 2021. It enables individual consumers across 150+ countries to buy and sell over 30 cryptocurrencies using 40+ local payment methods, with funds delivered directly to user-controlled wallets rather than held by the platform. The product suite comprises three integrated offerings: the core Swapped.com consumer platform, Swapped Ramp for business integration, and Swapped Connect, an API/SDK product that lets other crypto companies embed Swapped's purchasing functionality. The company emphasizes instant delivery, a 4.7/5.0 Trustpilot rating, and fees materially below named competitors (4.02% credit card vs. Moonpay 10.24%, Transak 7.60%, Paybis 5.65% as of January 22, 2026).
The platform is operated through two legal entities: Swapped ApS (Denmark, registration 42865397), which is the primary entity regulated by the Danish Financial Supervisory Authority, and Swappedcom Inc. (US, FinCEN MSB #31000300023305, NMLS ID 2723153), which offers the Swapped Connect product. The company holds regulatory registrations across Denmark, the US (FinCEN), Canada (Fintrac), Australia (AUSTRAC DCE100879379-001), and Norway (Norwegian FSA). Its headcount is reported at 1–10 and its only disclosed funding is a $5.4 million seed round closed in March 2022, led by Hashed and Race Capital with participation from Circle, Collab+Currency, Contango Digital Assets, Lunatic Capital, MEXC Global, Primeblock Ventures, Republic Capital, SkyVision Capital, and TPS Capital.
Revenue is generated exclusively through transaction fees on crypto purchases and sales, with a product-led growth model centered on a self-serve web platform targeted at individual consumers globally. There is no subscription tier, no disclosed enterprise contracts, and no named B2B customers; B2B distribution exists via the Swapped Connect API but no partner logos, revenue contribution, or integration volume are disclosed. Founders are listed as Emery Andrew and Vince Dowdle; no further management team details are available in the input data.
Kado firmographics
Firmographics- Name
- Kado
- Legal name
- Swapped ApS
- Website
- https://kado.money
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Kado (operating as Swapped.com) is a non-custodial crypto on-ramp and off-ramp platform enabling individual consumers in 150+ countries to buy and sell 30+ cryptocurrencies via 40+ payment methods, with instant wallet delivery and multi-jurisdictional regulatory licensing.
- Ownership category
- akta.pro rank
Kado industry classification
Industry- Product category
- Cryptocurrency On-Ramp/Off-Ramp
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
- akta.pro secondary industries
- Crypto Payment Gateways & Checkout APIs (FSADAIAA), Crypto Merchant Acquirers & PSPs (Payment Service Providers) (FSADAIAB)
Keywords
Where Kado is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Kado business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Transaction Fees: Platform charges transaction fees on crypto purchases and sales. Fees vary by payment method: 4.02% for credit card, 2.42% for bank transfer. Competitive rates compared to other on-ramp providers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard transaction pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Kado product offering
Product offeringCore offering
Kado operates Swapped.com, a non-custodial cryptocurrency on-ramp and off-ramp platform that lets users buy and sell over 30 digital assets using more than 40 local payment methods across 150+ countries, with funds delivered instantly to user-controlled wallets. It also offers Swapped Connect, an API/SDK product that allows other crypto companies, wallets, and exchanges to embed crypto purchasing and deposit functionality into their own platforms.
Product overview
Swapped.com is a single unified cryptocurrency on-ramp platform offering three integrated products: the core Swapped.com platform for buying and selling crypto, Swapped Ramp for business integration, and Swapped Connect for wallet-to-exchange deposits. Users can access 30+ cryptocurrencies through 40+ payment methods with instant delivery and non-custodial processing.
Differentiator
Problem solved
Functional benefit
Brands
- Swapped Ramp: Crypto on-ramp service offered by Swapped ApS for buying and selling cryptocurrency
- Swapped Connect
Products and services
- Swapped.com
Quantifiable outcome
- 4.7/5.0 Trustpilot score - highest among crypto on-ramps
- +4 more outcomes
Companies that use Kado
Customer profileNamed customers10 records
Segments1 record
Ideal customer profiles2 records
Kado technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Kado partnerships and signals
Strategic signalScale indicators6 records
Recent moves5 records
Expansion highlights5 records
Kado competitors and assessment
Company assessmentDirect peers
- Moonpay: Moonpay is the largest crypto on-ramp/off-ramp platform globally, offering buy/sell of crypto via cards, bank transfers, and local payment methods. It is the closest direct competitor to Swapped, and Kado explicitly benchmarks its fees against Moonpay's published rates.
- Transak: Transak is a crypto on-ramp provider serving consumers and developers with fiat-to-crypto purchases across 100+ countries. Like Swapped, it offers an embedded API for wallets and dApps, and is explicitly used as a fee benchmark on Swapped's comparison page.
- Paybis: Paybis is a crypto on-ramp and exchange platform offering card and bank-transfer purchases of major digital assets, operating globally. Swapped publicly benchmarks its credit card and bank transfer fees against Paybis, indicating direct head-to-head competition on price.
- Ramp Network: Ramp Network is a crypto on-ramp focused on Web3 wallet and dApp integration via API/SDK, offering non-custodial fiat-to-crypto purchases across multiple jurisdictions. It competes directly with Swapped Connect in the embedded B2B on-ramp lane.
- Onramper: Onramper is an on-ramp aggregator that lets wallets and exchanges route users to multiple fiat-to-crypto providers through a single API. It is comparable to Swapped Connect as an embedded Web3 on-ramp infrastructure provider, but aggregates rather than operating its own rails.
- Banxa: Banxa is a publicly listed crypto payments infrastructure company offering fiat on/off-ramp services across 100+ countries, with strong focus on compliance and payment-method coverage. It is a direct competitor in the regulated global on-ramp space.
Emerging players
- Alchemy Pay: Alchemy Pay operates a crypto on-ramp and payment network bridging fiat and crypto across global markets, with a particular focus on emerging-market payment rails. It overlaps with Swapped's 150+ country, 40+ payment-method strategy and is a comparable emerging player.
- Sardine: Sardine provides fraud, compliance, and payment infrastructure for crypto on-ramps and exchanges, including instant ACH and card processing. It is comparable to Swapped as enabling infrastructure for crypto fiat onboarding, though Sardine focuses on the risk/payments layer rather than the consumer-facing on-ramp.
Broad incumbents
- Coinbase: Coinbase is the largest US-regulated crypto exchange and offers fiat on-ramp functionality as part of its broader exchange, custody, and wallet product suite. As a broad incumbent, it competes with Swapped on consumer fiat-to-crypto purchases while also serving as a potential liquidity and distribution partner.
- Stripe: Stripe has launched crypto on-ramp functionality for merchants and is re-entering crypto payments infrastructure at scale. As a broad incumbent with global payment rails, it is a strategic threat to Swapped Connect's embedded B2B lane and a potential acquirer or partner.
Market position
Strengths1 record
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Kado social profiles
Digital presenceKado compliance and trust
Trust signalCompliance4 records
Kado financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kado leadership team
Management profileNumber of profiles
Profiles2 records
Kado subsidiaries and ownership
Company hierarchySubsidiaries2 records
Kado funding detail
Funding detailFunding overview
Funding rounds1 record
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kado 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 Kado
What does Kado do?
Kado operates Swapped.com, a non-custodial cryptocurrency on-ramp and off-ramp platform that lets users buy and sell over 30 digital assets using more than 40 local payment methods across 150+ countries, with funds delivered instantly to user-controlled wallets. It also offers Swapped Connect, an API/SDK product that allows other crypto companies, wallets, and exchanges to embed crypto purchasing and deposit functionality into their own platforms.
Is Kado a public or private company?
Kado is a private company. It is classified as venture growth investor backed and is currently operating.
When was Kado founded?
Kado was founded in 2021. It employs 1 to 10 people.
Where is Kado based?
Kado is headquartered in Boston, United States, in the North America region.
How does Kado make money?
One revenue line is on record: transaction Fees.
Who are Kado's main competitors?
Direct peers on record are Moonpay, Transak, Paybis, Ramp Network, Onramper and Banxa. Emerging players are Alchemy Pay and Sardine. Broad incumbents are Coinbase and Stripe.
Does Kado have an API?
No public API is recorded for Kado.
What industry is Kado in?
Kado's product category is Cryptocurrency On-Ramp/Off-Ramp. Its primary akta.pro industry code is FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks, with a secondary code of FSADAIAA, Crypto Payment Gateways & Checkout APIs. Its NAICS code is 5231 and its SIC code is 6200.