SquareFi
SquareFi is a Delaware-incorporated fintech providing unified API and white-label payment infrastructure—banking, card issuing, stablecoin on/off-ramps, crypto processing, and wallets—for fintechs and global platforms, using stablecoins as an internal settlement rail across 150+ countries.
- Company typePrivate
- Founded2026
- HeadquartersClaymont, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What SquareFi does
SquareFi Inc. is a Delaware-incorporated payment infrastructure company that targets fintechs and global platforms with a unified, API-driven platform consolidating banking, card issuing, stablecoin on/off-ramps, crypto processing, and wallet services. Co-founded and led by CEO Denis Spasibo, the company emerged from stealth mode in March 2026 and reports having processed $250 million in transaction volume within its first year of operation. The platform is offered either via API integration (typically 4-12 weeks) or as a White Label deployment (2-4 weeks), and serves clients across 150+ countries with 25+ currencies. SquareFi operates from Claymont, Delaware (corporate HQ) and New York, with international offices in Singapore and Dubai, and runs a team of 11-50 employees.
The core platform uses stablecoins (USDT/USDC) as an internal settlement rail to lower cross-border transaction costs while connecting to global payment rails including SWIFT, SEPA, ACH, and WIRE, with 10+ banking partners providing jurisdictional redundancy and 95% T-0 settlement. Five product modules—Banking as a Service, Card as a Service, Stablecoin On/Off-Ramp, Crypto Processing, and Wallet as a Service—are layered on this foundation, with crypto custody delivered through a partnership with Utila (MPC, multisig, custodial, and self-custody configurations). Regulated financial services are provided via BUYEASY TECHNOLOGY CO., LTD, a Canadian entity registered with FINTRAC (MSB M23877619) and the Bank of Canada (PSP RPS0014827), under a model where SquareFi acts as the technology layer rather than a licensed financial institution itself.
SquareFi monetizes through a combination of one-time setup fees, recurring platform/API licensing, and volume-based transaction processing fees on multi-year contracts. The go-to-market is sales-led and API-first, with named customers spanning fintechs (MainCard), technology firms (NexaTech), professional services (Concierge Services), and financial services (Dauphin). The company has raised approximately $910,000 in disclosed funding across four rounds between August 2023 and October 2024, operates with no disclosed institutional lead investors, and shows no AI/ML capabilities in its product or technology stack.
SquareFi firmographics
Firmographics- Name
- SquareFi
- Legal name
- SquareFi Inc.
- Website
- https://squarefi.co
- Company type
- Private
- Founded year
- 2026
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SquareFi is a Delaware-incorporated fintech providing unified API and white-label payment infrastructure—banking, card issuing, stablecoin on/off-ramps, crypto processing, and wallets—for fintechs and global platforms, using stablecoins as an internal settlement rail across 150+ countries.
- Ownership category
- akta.pro rank
SquareFi industry classification
Industry- Product category
- Banking-as-a-Service Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ)
Keywords
Where SquareFi is headquartered
LocationHeadquarters
- HQ city
- Claymont
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
SquareFi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Platform Licensing and API Access: Modular platform licensing with one-time setup fee and ongoing API access fees. Final structure depends on modules selected, payment rails involved, and delivery model (API or White Label).
- Transaction Processing Fees: Volume-based transaction fees for payment processing across stablecoin and fiat rails. Pricing varies by payment rail and transaction type.
- White Label Solutions: Fully branded turnkey banking platforms for fintechs. White Label pilots typically go live in 3-4 weeks. Revenue from setup fees and ongoing licensing.
- Banking as a Service (BaaS): Multi-currency accounts, virtual accounts, crypto wallets, and payment processing via API. Revenue from account fees and transaction processing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Modular platform pricing based on selected services |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
SquareFi product offering
Product offeringCore offering
SquareFi provides a unified API-driven financial infrastructure platform that consolidates Banking as a Service, Card as a Service, Stablecoin On/Off-Ramp, Crypto Processing, and Wallet as a Service into a single integration. The platform uses stablecoins (USDT/USDC) as an internal settlement rail and connects to global payment rails (SWIFT, SEPA, ACH, WIRE) to enable cross-border payments, B2B settlement, corporate payroll, and treasury operations for fintechs and global platforms. Customers access the platform either via API-first integration (4-12 weeks) or as a fully branded White Label solution (2-4 weeks), with financial services delivered through regulated third-party providers, primarily BUYEASY TECHNOLOGY CO., LTD in Canada.
Product overview
SquareFi is a unified payment operations platform that consolidates Banking as a Service, Card as a Service, Stablecoin On/Off-Ramp, Crypto Processing, and Wallet as a Service into a single API-driven infrastructure. The platform serves fintechs and global enterprises, enabling them to operate across 150+ countries with support for 25+ currencies. SquareFi acts as a technology layer, providing modular infrastructure where financial services are delivered by regulated third-party providers (primarily BUYEASY TECHNOLOGY CO., LTD). Clients can choose between API-first integration for full architectural control or White Label deployment for faster launch (2-4 weeks). Stablecoins (USDT/USDC) serve as the internal settlement rail to reduce cross-border transaction costs, while the platform connects to global payment rails including SWIFT, SEPA, ACH, and WIRE.
Differentiator
Problem solved
Functional benefit
Products and services
- Banking as a Service (BaaS) Multi-currency business accounts across 10+ banking partners with support for SEPA, SWIFT, ACH, Wire, and local payment methods, delivered via API or White Label for fintechs and global platforms.
- Card as a Service (CaaS) Virtual and physical card issuance under the platform's brand, funded from fiat or stablecoin (USDT/USDC) balances, with Visa and Mastercard acceptance at 150M+ merchants worldwide and real-time controls via API.
- Stablecoin On/Off-Ramp Programmatic on/off-ramp enabling conversion between fiat (EUR, GBP, USD, AED) and stablecoins (USDT/USDC) with built-in settlement for seamless fiat-crypto transitions via API.
- Crypto Processing Accept and settle crypto payments on behalf of platforms' clients, supporting BTC, ETH, USDT, USDC, and other tokens on request, with automatic fiat conversion option and built-in KYB/KYC and AML screening.
- Wallet as a Service (WaaS) Secure crypto wallets with MPC custody (powered by Utila) supporting 25+ blockchains (BTC, ETH, SOL, TRX, TON, Cosmos, EVM networks) with policy engine and built-in compliance, available in four custody models (MPC wallets, multisig, custodial, self-custody).
- White Label Banking Fully branded turnkey banking platform that clients operate under their own brand, including user accounts, dashboards, onboarding, accounts, cards, payouts, crypto, and built-in compliance and operations; White Label pilots deploy in 2-4 weeks.
Quantifiable outcome
- Reduce integration time from 6-12 months to 3-4 weeks (White Label) or 4-16 weeks (API)
- +2 more outcomes
Companies that use SquareFi
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles2 records
SquareFi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature7 records
SquareFi partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and showcase.
- UtilacoreMPC wallet infrastructure partner powering four custody models (MPC wallets, multisig, custodial, self-custody) for secure institutional crypto custody. Utila provides the wallet infrastructure that underpins SquareFi's Wallet as a Service offering.
- BUYEASY TECHNOLOGY CO., LTDcoreRegulated financial services provider registered with FINTRAC (MSB Registration No. M23877619) and Bank of Canada (PSP entity ID RPS0014827). Provides all banking and payment services, foreign-exchange conversion, and cryptocurrency services accessed through the SquareFi platform. Engages third-party custodians and partner institutions.
- MostashowcaseWhite label customer example showcasing SquareFi's turnkey banking platform capability. Live example available at app.mosta.io demonstrating full-stack implementation with accounts, cards, payouts, and crypto.
- VisacoreCard network partner enabling acceptance at 150M+ merchants worldwide. SquareFi issues Visa cards under its card program for global merchant acceptance.
- MastercardcoreCard network partner enabling acceptance at 150M+ merchants worldwide. SquareFi issues Mastercard cards under its card program for global merchant acceptance.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
SquareFi competitors and assessment
Company assessmentBroad incumbents
- Adyen: Adyen is a global payments processor offering unified acquiring, payouts, and cross-border capabilities. While not BaaS, it competes with SquareFi on cross-border payment orchestration for global platforms and large merchants.
- Stripe: Stripe is a global payments platform offering Stripe Connect, Issuing, and Treasury that overlap directly with SquareFi's BaaS, Card-as-a-Service, and multi-rail orchestration value proposition. It is the dominant incumbent against which any new payment orchestration / BaaS player must differentiate on speed or stablecoin integration.
- PayPal (PYUSD / Hyperwallet): PayPal offers stablecoin (PYUSD) services, mass payouts via Hyperwallet, and global money movement APIs. It is a broad incumbent with overlapping functionality to SquareFi's payouts, on/off-ramp, and cross-border settlement.
- Marqeta: Marqeta is a card-issuing platform providing modern Card-as-a-Service infrastructure via API. It overlaps with SquareFi's CaaS offering and serves a similar fintech/platform customer base, though it is not stablecoin-native.
Direct peers
- Circle (Circle APIs): Circle, the issuer of USDC, provides APIs for minting, redeeming, and orchestrating USDC payments along with cross-border and treasury use cases. It competes with SquareFi's stablecoin on/off-ramp and Crypto Processing modules, with the advantage of issuing the underlying stablecoin.
- BVNK: BVNK provides multi-currency business accounts, on/off-ramps between fiat and stablecoins, and payments orchestration targeting platforms and fintechs. It competes with SquareFi almost head-to-head on stablecoin cross-border B2B settlement and embedded finance.
- BCB Group: BCB Group is a payments and banking services provider for digital asset businesses, offering multi-currency accounts, FX, and BLINC fintech infrastructure. It overlaps with SquareFi's BaaS and cross-border treasury positioning and is shown as a partner/logo on SquareFi's own site.
- Unit (unit.co): Unit is a Banking-as-a-Service platform offering business accounts, card issuing, and embedded finance via API with white label capabilities. It competes directly with SquareFi's BaaS and CaaS modules, particularly for US-headquartered fintechs.
- Bridge (Stripe-owned stablecoin API): Bridge (acquired by Stripe) is a stablecoin API platform for issuing, accepting, and orchestrating stablecoin payments, closely mirroring SquareFi's Stablecoin On/Off-Ramp and Crypto Processing modules. It is the most directly comparable stablecoin-native infrastructure peer.
Emerging players
- Alchemy Pay: Alchemy Pay provides fiat-crypto on/off-ramp and crypto payment processing APIs, overlapping with SquareFi's Stablecoin On/Off-Ramp and Crypto Processing modules but with a focus on consumer-merchant acceptance rather than enterprise BaaS.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
SquareFi social profiles
Digital presenceSquareFi compliance and trust
Trust signalCompliance2 records
SquareFi financial estimates
Financial estimateRevenue estimate
Valuation estimate
SquareFi leadership team
Management profileNumber of profiles
Profiles1 record
SquareFi funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SquareFi 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 SquareFi
What does SquareFi do?
SquareFi provides a unified API-driven financial infrastructure platform that consolidates Banking as a Service, Card as a Service, Stablecoin On/Off-Ramp, Crypto Processing, and Wallet as a Service into a single integration. The platform uses stablecoins (USDT/USDC) as an internal settlement rail and connects to global payment rails (SWIFT, SEPA, ACH, WIRE) to enable cross-border payments, B2B settlement, corporate payroll, and treasury operations for fintechs and global platforms. Customers access the platform either via API-first integration (4-12 weeks) or as a fully branded White Label solution (2-4 weeks), with financial services delivered through regulated third-party providers, primarily BUYEASY TECHNOLOGY CO., LTD in Canada.
Is SquareFi a public or private company?
SquareFi is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SquareFi founded?
SquareFi was founded in 2026. It employs 11 to 50 people.
Where is SquareFi based?
SquareFi is headquartered in Claymont, United States, in the North America region.
How does SquareFi make money?
Four revenue lines are on record. Platform Licensing and API Access are the primary driver. The others are transaction Processing Fees, white Label Solutions and banking as a Service (BaaS).
Who are SquareFi's main competitors?
Broad incumbents on record are Adyen, Stripe, PayPal (PYUSD / Hyperwallet) and Marqeta. Direct peers are Circle (Circle APIs), BVNK, BCB Group, Unit (unit.co) and Bridge (Stripe-owned stablecoin API). Alchemy Pay is listed as an emerging player.
Does SquareFi have an API?
Yes. SquareFi provides an API-first platform for fintechs to integrate banking accounts, card issuing, crypto wallets, stablecoin on/off-ramp, and crypto processing. The API supports OpenAPI/SDK/Sandbox, webhooks & events, and payout batching with retries/idempotency. Developers can access via API or White Label deployment options. Developer documentation is at docs.squarefi.co.
What industry is SquareFi in?
SquareFi's product category is Banking-as-a-Service Platform. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSAGABAK, Cross-Border FX, Multi-Currency & Treasury for Payments. Its NAICS code is 522320 and its SIC code is 6199.