Margo
Margo operates a U.S. network of bitcoin ATMs that lets consumers buy and sell digital currency in person. Founded in 2019 and headquartered in Lancaster, Pennsylvania, the company serves retail walk-in users seeking cash-to-crypto on-ramps.
- Company typePrivate
- Founded2019
- HeadquartersLancaster, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
Margo firmographics
Firmographics- Name
- Margo
- Website
- https://margonetwork.com
- Company type
- Private
- Founded year
- 2019
- Headcount range
- 11–50 employees
- Short description
- Margo operates a U.S. network of bitcoin ATMs that lets consumers buy and sell digital currency in person. Founded in 2019 and headquartered in Lancaster, Pennsylvania, the company serves retail walk-in users seeking cash-to-crypto on-ramps.
- Ownership category
- akta.pro rank
Margo industry classification
Industry- Product category
- Cryptocurrency ATM Services
- NAICS
- Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)
- akta.pro secondary industries
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Margo is headquartered
LocationHeadquarters
- HQ city
- Lancaster
- HQ country
- United States
- HQ region
- North America
Markets served
Margo business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D
Margo product offering
Product offeringCore offering
Margo operates a secure network of bitcoin ATMs that enables users to convert between digital currency (bitcoin) and cash. The company deploys and manages cryptocurrency kiosks at retail and public locations, providing individuals with direct, self-service access to buy and sell digital assets. The network is designed to make digital currency accessible and convenient for everyday consumers.
Differentiator
Problem solved
Functional benefit
Products and services
- Bitcoin ATM Network
Companies that use Margo
Customer profileIdeal customer profiles2 records
Margo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Margo competitors and assessment
Company assessmentDirect peers
- DigitalMint: DigitalMint is a Bitcoin ATM operator with a compliance-forward positioning, directly comparable to Margo in offering in-person fiat-to-crypto conversion through physical kiosks.
- Bitcoin of America: Bitcoin of America is a regional Bitcoin ATM operator with a kiosk model closely mirroring Margo's, targeting retail customers converting cash to digital assets.
- CoinHub: CoinHub runs a multi-state Bitcoin ATM fleet focused on accessible retail locations, competing head-to-head with Margo for site placements and cash-to-bitcoin transactions.
- Bitcoin Depot: Bitcoin Depot is one of the largest Bitcoin ATM operators in the US, with thousands of kiosks and a public listing. It directly competes with Margo in deploying crypto ATMs and capturing fiat-to-crypto transaction fees.
- RockItCoin: RockItCoin is a US Bitcoin ATM operator with a comparable kiosk-network business model, serving similar unbanked and crypto-curious retail users in overlapping geographies.
- CoinFlip: CoinFlip operates a large US Bitcoin ATM network and an online brokerage, directly overlapping with Margo's kiosk-based fiat-to-crypto offering and target retail customer base.
- Coinme: Coinme operates Bitcoin ATMs inside retail chains across the US, directly competing with Margo for high-foot-traffic locations and cash-paying crypto customers.
Emerging players
- LibertyX: LibertyX enables Bitcoin purchases at retail point-of-sale through a software layer, partially overlapping with Margo's on-ramp use case via a lighter-asset retail-network model.
- Payomatic: Payomatic is a US retail money-services business that has added Bitcoin ATM services to its storefronts, illustrating how adjacent retail-money-services players are expanding into the same on/off-ramp niche Margo occupies.
Regional players
- CoinFlip (Bitex): Bitex, the Latin American arm of CoinFlip, expands the in-person Bitcoin ATM model into LATAM, illustrating the geographic-adjacent expansion path Margo could pursue and the regional competitive set.
Market position
Customer concentration
Margo social profiles
Digital presenceMargo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Margo leadership team
Management profileNumber of profiles
Margo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Margo 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 Margo
What does Margo do?
Margo operates a secure network of bitcoin ATMs that enables users to convert between digital currency (bitcoin) and cash. The company deploys and manages cryptocurrency kiosks at retail and public locations, providing individuals with direct, self-service access to buy and sell digital assets. The network is designed to make digital currency accessible and convenient for everyday consumers.
When was Margo founded?
Margo was founded in 2019. It employs 11 to 50 people.
Where is Margo based?
Margo is headquartered in Lancaster, United States, in the North America region.
Who are Margo's main competitors?
Direct peers on record are DigitalMint, Bitcoin of America, CoinHub, Bitcoin Depot, RockItCoin, CoinFlip and Coinme. Emerging players are LibertyX and Payomatic. CoinFlip (Bitex) is listed as a regional player.
Does Margo have an API?
No public API is recorded for Margo.
What industry is Margo in?
Margo's product category is Cryptocurrency ATM Services. Its primary akta.pro industry code is FSADAIAI, POS, QR & In-Person Acceptance Infrastructure (Crypto), with a secondary code of FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks. Its NAICS code is 523210 and its SIC code is 6200.