Cryptoswift
CryptoSwift is an Estonian RegTech that provides a cloud-based Travel Rule compliance platform for crypto exchanges, custodians, wallets, and banks, enabling secure VASP-to-VASP data exchange, counterparty risk scoring, and automated compliance decisions under FATF, MiCA, and TFR.
- Company typePrivate
- Founded2022
- HeadquartersTartu, Estonia
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Cryptoswift does
CryptoSwift OÜ is an Estonian RegTech founded in 2022 that operates a cloud-based Travel Rule compliance platform enabling Virtual Asset Service Providers (VASPs) — including crypto exchanges, custodians, wallets, and brokers — to securely exchange required originator/beneficiary data and automate compliance decisions under FATF Recommendation #16, EU MiCA, and the Transfer of Funds Regulation. The platform is built on a REST API running on Google Cloud infrastructure and is underpinned by CryptoSwift's open-source STRIP Travel Rule protocol (hosted on GitLab). Core modules include a Rule Engine for configurable compliance policy automation, a VASP Directory with risk scoring and regulatory context, multi-method Self-Hosted Wallet Verification (WalletConnect/Reown signature proofs, Satoshi test, visual proof, self-declaration) across 10+ chains, the KYW (Know Your Wallet) intelligence layer combining verification data, partner attribution, blockchain analytics, and behavioral heuristics, and CryptoSwift Outpost — a single-tenant Docker deployment that keeps Travel Rule PII on the customer's infrastructure for banks and regulated institutions.
The company reports 300+ connected VASPs and 2,500+ reachable counterparties across 85+ jurisdictions, with named customers including Lightspark, Change, CryptoVoucher, and Instacoins. Revenue mechanics combine subscription/API-usage fees with a Partner API channel that lets compliance SaaS platforms, custody providers, and other Travel Rule networks resell CryptoSwift capabilities or interoperate across networks. A free Network Access Plan underpins a freemium entry point into the broader paid platform. Distribution is hybrid: an API-first self-serve developer portal (dev.cryptoswift.eu), direct enterprise sales via book-a-demo, and the partner/reseller channel. Pricing is quote-based and not publicly disclosed.
CryptoSwift is privately held, headquartered at Rukki 28, Tartu, Estonia, and led by co-founders Indrek Ulst (CEO, formerly CTO of fintech consultancy Mooncascade) and Uve Poom (COO, joined August 2025 from Tenity Tallinn). The company raised a €510,000 pre-seed round in July 2025 from Tenity, Startup Wise Guys, and DEPO Ventures, with a stated use of funds to expand across Europe, grow technical and sales headcount, and accelerate integrations.
Cryptoswift firmographics
Firmographics- Name
- Cryptoswift
- Legal name
- CryptoSwift OÜ
- Website
- https://cryptoswift.eu
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- CryptoSwift is an Estonian RegTech that provides a cloud-based Travel Rule compliance platform for crypto exchanges, custodians, wallets, and banks, enabling secure VASP-to-VASP data exchange, counterparty risk scoring, and automated compliance decisions under FATF, MiCA, and TFR.
- Ownership category
- akta.pro rank
Cryptoswift industry classification
Industry- Product category
- Crypto Travel Rule Compliance Software (RegTech)
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Travel Rule & Crypto-Related Screening for Payments (FSAMAMAM)
- akta.pro secondary industries
- Cross-Border Compliance & Controls (Sanctions Screening, Travel Rule, KYT) (FSAGAKAK), Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL)
Keywords
Where Cryptoswift is headquartered
LocationHeadquarters
- HQ city
- Tartu
- HQ country
- Estonia
- HQ region
- Europe
Offices1 record
Markets served
Cryptoswift business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Subscription / API Usage Fees: CryptoSwift operates on a subscription and usage-based model, providing API access to its Travel Rule compliance platform. Pricing is likely tiered based on transaction volume, VASP network access, and feature modules (wallet verification, VASP directory, risk scoring, Rule Engine, Outpost). The company offers a free Network Access Plan for basic access.
- Partner API / Reseller Revenue: Revenue generated through the Partner API program where compliance SaaS platforms, custody providers, and Travel Rule networks resell or integrate CryptoSwift capabilities into their own offerings, potentially on a revenue-sharing or per-seat basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free Network Access Plan |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Cryptoswift product offering
Product offeringCore offering
CryptoSwift sells an API-first Travel Rule compliance platform that enables Virtual Asset Service Providers (VASPs) and regulated financial institutions to exchange required originator/beneficiary data, identify and risk-score counterparties, and automate compliance decisions in line with FATF Recommendation #16, EU MiCA, and the Transfer of Funds Regulation. The platform is modular, combining a core Travel Rule messaging product with add-on modules for self-hosted wallet verification, a global VASP directory, KYW wallet intelligence, a configurable Rule Engine, and an on-premises extension (Outpost) for institutions requiring PII data residency.
Product overview
CryptoSwift offers a modular Travel Rule compliance platform with a core Travel Rule Platform product supplemented by several add-on modules and APIs. The core platform provides end-to-end Travel Rule compliance infrastructure for VASP-to-VASP data exchange. Key modules include Self-Hosted Wallet Verification (with Widget), VASP Directory, KYW (Know Your Wallet) intelligence, Rule Engine, and CryptoSwift Outpost (on-premises deployment). The platform covers 85+ jurisdictions, connects 300+ VASPs directly and 2,500+ reachable VASPs, and supports both pre-transaction and post-transaction compliance workflows.
Differentiator
Problem solved
Functional benefit
Brands
- Travel Rule Platform: End-to-end infrastructure for compliant Travel Rule data exchange and automated decisioning, including API integration, client dashboard, rule engine, risk scoring, and partner integrations.
- KYW (Know Your Wallet)
- CryptoSwift Outpost
- VASP Directory
- Self-hosted Wallet Verification
- STRIP
Products and services
- Travel Rule Platform End-to-end infrastructure for compliant Travel Rule data exchange and automated decisioning between VASPs, covering FATF Recommendation #16 and EU MiCA/Transfer of Funds Regulation. Supports outgoing/incoming Travel Rule messages, counterparty VASP identification, risk scoring, Rule Engine decisioning, dashboard, and API integration.
- Self-Hosted Wallet Verification Flexible verification of non-custodial wallets via multiple proof methods including cryptographic signature proofs (WalletConnect/Reown AppKit), Satoshi Test/micro-transactions, visual proof, and self-declaration. Supports EVM chains, Bitcoin (WBIPs/Bitcoin Wallet Standard), Solana, TRON, and 10+ blockchain networks; available as embedded Web Component or standalone hosted flow.
- VASP Directory Global VASP intelligence providing profiles, risk scoring, jurisdiction and regulatory data including MiCA compliance status, and legal entity registry for counterparty identification and due diligence.
- KYW (Know Your Wallet) Wallet intelligence product that classifies wallet addresses as custodial, non-custodial, or unknown with confidence scoring and attribution reasoning. Combines internal VASP intelligence, partner-network data, blockchain analytics, wallet verification status, risk signals, and a behavioral heuristics engine for pre-transaction routing decisions.
- CryptoSwift Outpost Single-tenant on-premises Docker edge service for banks and regulated institutions that keeps Travel Rule PII within the institution's own infrastructure (SQL database) while still leveraging CryptoSwift's cloud for core transaction processing; uses HMAC-SHA256 signed PII forwarding for cloud-to-on-prem communication.
- Rule Engine Automated compliance decision engine for Travel Rule transactions. Lets compliance teams configure policies combining Travel Rule message status, counterparty responses, risk scores, and transaction attributes to automatically proceed, send to manual review, wait for additional information, or block transactions.
- Partner API Dedicated API enabling compliance SaaS platforms, custody providers, and other Travel Rule networks to resell CryptoSwift capabilities to their VASP customers or integrate for cross-network Travel Rule data exchange, VASP discovery, routing, pre- and post-transaction workflows, and secure payload handling.
- Self-Hosted Wallet Verification Widget Embedded or standalone wallet verification UI component injected as a Web Component or used via redirect flow. Supports custom branding, multiple languages, and multiple verification methods including cryptographic signature proof, Satoshi test/micro-transactions, visual proof, and self-declaration.
Quantifiable outcome
- Complete Travel Rule compliance integration can be achieved in approximately 4 hours during a live workshop (as demonstrated with Lightspark/Striga)
- +2 more outcomes
Companies that use Cryptoswift
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Cryptoswift technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability4 records
Feature9 records
Cryptoswift partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Compliance SaaS Platforms (Resellers)coreCryptoSwift Partner API enables compliance SaaS companies, custody providers, core banking providers, and onboarding vendors to resell CryptoSwift capabilities (Travel Rule messaging, wallet verification, dashboard access, onboarding flows) to their VASP customers under their own commercial setup.
- Travel Rule Networks (Interoperability Partners)coreOther Travel Rule networks integrate with CryptoSwift via the Partner API to enable secure cross-network Travel Rule message exchange, VASP discovery and routing, pre-transaction and post-transaction workflows, status updates, and secure payload handling. CryptoSwift can work with external network specifications and routing logic.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Cryptoswift competitors and assessment
Company assessmentDirect peers
- Notabene: Notabene is a leading crypto Travel Rule compliance platform offering VASP-to-VASP message exchange, counterparty due diligence, and transaction-level risk decisioning — the closest direct competitor to CryptoSwift's core Travel Rule Platform product.
- VerifyVASP: VerifyVASP provides Travel Rule messaging and VASP identity verification to exchanges and financial institutions, competing head-to-head with CryptoSwift on the Sunrise issue and counterparty discovery workflows.
- 21 Analytics: 21 Analytics offers Travel Rule compliance and blockchain analytics tools aimed at VASPs and banks, overlapping directly with CryptoSwift's Travel Rule Platform and KYW capabilities, particularly in the Swiss and EU markets.
- Scorechain: Scorechain offers blockchain analytics, VASP risk scoring, and compliance tools used by European crypto businesses, directly comparable to CryptoSwift's VASP Directory, risk scoring, and Travel Rule compliance offerings.
Broad incumbents
- TRM Labs: TRM Labs is a well-funded blockchain intelligence and compliance platform that has expanded into Travel Rule workflows; it competes with CryptoSwift's KYW and risk scoring while offering a much broader transaction-monitoring suite to large exchanges and regulators.
- Elliptic: Elliptic is an established blockchain analytics and crypto compliance vendor serving exchanges, banks, and regulators; its compliance suite overlaps with CryptoSwift's wallet intelligence (KYW), VASP Directory, and Travel Rule screening capabilities.
- Sumsub: Sumsub is a broad identity verification, KYC/AML, and crypto compliance vendor that includes Travel Rule messaging in its platform; it competes with CryptoSwift's Rule Engine, wallet verification, and partner/reseller model via a much larger sales footprint.
- Crystal (by Bitfury): Crystal provides blockchain analytics and compliance tools, including VASP due diligence and transaction risk scoring that overlap with CryptoSwift's VASP Directory, KYW, and risk scoring modules.
- ComplyAdvantage: ComplyAdvantage provides AML/KYC and sanctions screening infrastructure used by banks and fintechs; it competes adjacent to CryptoSwift in the broader compliance stack that VASPs and partner banks assemble, particularly for cross-border sanctions and Travel Rule screening.
Emerging players
- Merkle Science: Merkle Science provides blockchain analytics and compliance tooling focused on VASPs and regulators, with overlapping capabilities to CryptoSwift's KYW and risk scoring modules but a smaller, more regional footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Cryptoswift social profiles
Digital presenceCryptoswift compliance and trust
Trust signalCompliance5 records
Cryptoswift financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cryptoswift leadership team
Management profileNumber of profiles
Profiles2 records
Cryptoswift funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cryptoswift 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 Cryptoswift
What does Cryptoswift do?
CryptoSwift sells an API-first Travel Rule compliance platform that enables Virtual Asset Service Providers (VASPs) and regulated financial institutions to exchange required originator/beneficiary data, identify and risk-score counterparties, and automate compliance decisions in line with FATF Recommendation #16, EU MiCA, and the Transfer of Funds Regulation. The platform is modular, combining a core Travel Rule messaging product with add-on modules for self-hosted wallet verification, a global VASP directory, KYW wallet intelligence, a configurable Rule Engine, and an on-premises extension (Outpost) for institutions requiring PII data residency.
Is Cryptoswift a public or private company?
Cryptoswift is a private company. It is classified as venture growth investor backed and is currently operating.
When was Cryptoswift founded?
Cryptoswift was founded in 2022. It employs 1 to 10 people.
Where is Cryptoswift based?
Cryptoswift is headquartered in Tartu, Estonia, in the Europe region.
How does Cryptoswift make money?
Two revenue lines are on record. Subscription / API Usage Fees are the primary driver. The others are partner API / Reseller Revenue.
Who are Cryptoswift's main competitors?
Direct peers on record are Notabene, VerifyVASP, 21 Analytics and Scorechain. Broad incumbents are TRM Labs, Elliptic, Sumsub, Crystal (by Bitfury) and ComplyAdvantage. Merkle Science is listed as an emerging player.
Does Cryptoswift have an API?
Yes. CryptoSwift REST API for Travel Rule compliance integration. Supports outgoing and incoming Travel Rule message exchange, wallet verification, KYW (Know Your Wallet) intelligence, webhook notifications, and partner/reseller workflows. Authentication via X-Api-Key header. Available as production (https://api.cryptoswift.eu) and test environments (https://api-dev.cryptoswift.eu). OpenAPI specification available at https://api.cryptoswift.eu/api-json. Supports SDK generation for TypeScript, Python, Java, Go, and other languages via OpenAPI Generator CLI. Developer documentation is at dev.cryptoswift.eu.
What industry is Cryptoswift in?
Cryptoswift's product category is Crypto Travel Rule Compliance Software (RegTech). Its primary akta.pro industry code is FSAMAMAM, Travel Rule & Crypto-Related Screening for Payments, with a secondary code of FSAGAKAK, Cross-Border Compliance & Controls (Sanctions Screening, Travel Rule, KYT). Its NAICS code is 522320 and its SIC code is 6199.