Qi

What Qi does

Qi Digital, founded in London in 2016 by Mann Matharu, is a private blockchain technology company that provides crypto payment processing and blockchain infrastructure to payment service providers (PSPs), payment gateways, eCommerce platforms, merchants, and developers. The company operates a portfolio of five products: Coinway, a white-label blockchain-agnostic crypto payment gateway supporting Bitcoin, Ethereum, and stablecoins with optional crypto-to-fiat conversion via Bitstamp; Bolt, a Bitcoin Lightning Network management and Lightning-as-a-Service platform; Cend, a crypto payment link generator; Qi3.space, a managed blockchain cloud service supporting Bitcoin, Ethereum, Solana, and Stellar; and Grid, a product listed on the site without a dedicated page.

Qi's core technology is the Synergy API, a blockchain-connected API with Web3 functionality that allows PSPs, gateways, and developers to embed digital currency acceptance into existing platforms. Distribution is delivered through direct enterprise sales, white-label/OEM partnerships (e.g., Cardstream), reseller channels (e.g., Taylr.io for UK SMEs), and developer-focused plugins for WooCommerce and Shopify. The company earns revenue through transaction fees on crypto payment processing, subscription or usage-based fees for managed blockchain cloud services, and licensing/royalty arrangements with white-label and reseller partners. Pricing is quote-based and not publicly disclosed.

Operationally, Qi runs a lean team of 1-10 employees headquartered at 128 City Road, London, with engineering presence in the Netherlands, Australia, and India as part of a "Global Innovation Team." The company is bootstrapped with three disclosed Crowdcube funding rounds (2020, 2021, 2022) totaling approximately $1.2M and no institutional venture backing. In July 2025, Qi partnered with Ant International to launch SuperQi, a digital banking and lifestyle super app in Iraq, marking a step into emerging-market financial inclusion at national scale.

Name

Qi

Legal name

Qi Digital Limited

Website

https://qidigital.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Qi Digital is a London-based blockchain technology company providing crypto payment processing (Coinway), Bitcoin Lightning Network services (Bolt), payment links (Cend), and managed blockchain cloud (Qi3.space) to PSPs, payment gateways, merchants, and developers.

Ownership category

akta.pro rank

Product category

Blockchain Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

akta.pro secondary industries

Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG), Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA), POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)

Keywords

• Crypto payment gateway
• Blockchain payment processing
• Lightning network services
• White-label crypto processing
• Blockchain cloud infrastructure

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Crypto Payment Processing: Qi Digital charges transaction fees for processing cryptocurrency payments through the Coinway gateway. Merchants pay a fee per transaction when accepting Bitcoin, Ethereum, or Stablecoins, with optional crypto-to-fiat conversion through Bitstamp.
2. Blockchain Cloud Services: Qi3.space provides managed blockchain cloud infrastructure on a subscription or usage basis, enabling enterprises to access blockchain tools and environments without managing their own hardware.
3. White-Label and Reseller Partnerships: Qi Digital offers white-label crypto processing solutions to PSPs, payment gateways, and reseller partners, who integrate and resell Qi technology to merchants under their own branding.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Qi Digital provides blockchain-agnostic crypto payment processing infrastructure for merchants, payment service providers, and developers. Its product suite (Coinway, Bolt, Cend, Qi3.space) and the Synergy API enable businesses to accept, process, and manage Bitcoin, Ethereum, and stablecoin payments, deploy Bitcoin Lightning Network applications, and access managed blockchain cloud services, with optional FCA-regulated crypto-to-fiat conversion via Bitstamp.

Product overview

Qi Digital is a blockchain technology company offering a suite of crypto payment and blockchain infrastructure products. Its portfolio consists of five named offerings: Coinway (white-label crypto payment gateway for Bitcoin, Ethereum, and stablecoins), Bolt (Bitcoin Lightning Network management and Lightning-as-a-Service), Cend (crypto payment link generator), Qi3.space (managed blockchain cloud services), and Grid (product listed in navigation with no dedicated page). The products are designed for merchants, PSPs, payment gateways, fintech startups, developers, eCommerce platforms, and enterprises seeking to accept or process cryptocurrency payments. Qi positions itself as a 'legacy-inclusive' bridge between traditional and blockchain-based financial systems.

Differentiator

Problem solved

Functional benefit

Brands

• Coinway: A white-label crypto payment gateway engineered for integration partners and merchants. It is a blockchain-agnostic platform that supports Bitcoin, Ethereum, and various Stablecoins.
• Bolt
• Cend
• Qi3.space
• Grid

Products and services

• Coinway
• Bolt
• Cend
• Qi3.space
• Grid
• Synergy API
• SuperQi App

Quantifiable outcome

• SuperQi aims to increase Iraq's banked population from approximately 5% to nearly 50%
• +1 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• BitstampcoreTechnology or IntegrationBitstamp, a globally recognised FCA-registered crypto exchange, provides crypto-to-fiat conversion services integrated into Qi Digital's Coinway platform. This enables merchants to accept cryptocurrency payments with optional automatic conversion to fiat currency, ensuring regulatory compliance and reducing exposure to crypto volatility.
• CardstreamcoreTechnology or IntegrationCardstream, the UK's largest independent payment gateway provider, has integrated Qi Digital's crypto technology to enable its reseller partners and merchants to accept digital currencies. This partnership extends Cardstream's payment offerings into the cryptocurrency space.
• Brunel University LondoncoreStrategic or Co-development PartnerQi Digital's collaboration with Brunel University London has been instrumental in advancing its blockchain technology initiatives. The partnership includes guest lectures on blockchain technology, collaborative AI labs exploring AI, quantum computing, and blockchain integration, co-authored research papers on emerging technologies, and roundtable discussions merging industry and academic expertise.
• Co-InnovateminorStrategic or Co-development PartnerCo-Innovate delivers innovative support services for SMEs, entrepreneurs, and start-ups in London, combining collaboration and innovation with access to Brunel University academic expertise and student talent. Qi Digital is recognised as Business Ambassadors of Co-Innovate.
• Innovate UKminorStrategic or Co-development PartnerInnovate UK (IUK), part of UK Research and Innovation, is the UK's innovation agency fostering company growth through innovative products, processes, and services. Qi Digital was invited to and successfully completed the IUK Edge High Growth program in July 2024.
• Ant InternationalcoreStrategic or Co-development PartnerQi and Ant International joined forces to launch SuperQi, a comprehensive digital banking and lifestyle platform in Iraq in July 2025. The app integrates Western digital banking models with Asia's leading super apps, aiming to increase financial inclusion and serve over 30% of Iraq's population by 2026.
• Taylr.iocoreChannel Partner/ Reseller/ DistributorQi Digital partnered with Taylr.io on 3rd April 2025 to accelerate crypto payments to SME businesses in the UK. The partnership is designed to help SMEs access cryptocurrency payment capabilities.
• Brunel University London AI Edge LabminorStrategic or Co-development PartnerQi Digital partners with Brunel University London's AI Edge Lab for blockchain innovation, supporting cutting-edge AI solutions for the blockchain industry as it continues to evolve and disrupt various sectors.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CoinsPaid: CoinsPaid offers crypto payment processing and a payments ecosystem for merchants and PSPs, including white-label solutions. Direct overlap with Qi's Coinway gateway and PSP reseller motion.
• BitPay: One of the longest-established crypto payment processors, offering merchant invoicing, settlement, and fiat conversion. Overlaps directly with Coinway on Bitcoin/stablecoin acceptance and crypto-to-fiat settlement.
• TripleA: TripleA provides a licensed crypto payment gateway for businesses, with strong presence in Southeast Asia and emerging markets. Comparable to Qi's emerging-markets focus (e.g., SuperQi in Iraq) and merchant acceptance model.
• CoinGate: CoinGate provides a crypto payment gateway supporting Bitcoin, Ethereum, and a wide range of altcoins, with POS and eCommerce plugins. Closely comparable to Qi's multi-chain merchant acceptance and plugin-based integrations (Shopify, WooCommerce).
• Coinbase Commerce: Coinbase's merchant-focused crypto payment gateway enables online businesses to accept Bitcoin, Ethereum, and stablecoins. Directly comparable to Qi's Coinway in product, target customer (merchants and eCommerce platforms), and value proposition.
• Alchemy Pay: Alchemy Pay provides crypto and fiat on/off-ramp and payment gateway services globally, including in emerging markets. Comparable to Qi's cross-border crypto acceptance and emerging-markets strategy.
• BTCPay Server: Open-source, self-hosted Bitcoin and Lightning payment processor for merchants. Comparable to Qi's Bolt and Coinway in addressing merchant crypto acceptance, with stronger Lightning focus.
• NOWPayments: NOWPayments offers a crypto payment gateway with broad coin support, fiat settlement options, and a white-label/reseller product. Direct competitor to Qi on the white-label and PSP-facing side of the crypto processing market.

Broad incumbents

• Circle: Issuer of USDC stablecoin and provider of treasury, payments, and on-chain settlement infrastructure. Adjacent rather than direct competitor; Qi's stablecoin acceptance via Bitstamp and infrastructure layer overlap with Circle's rails.
• Binance Pay: Binance's crypto payments product enables merchants to accept crypto from Binance users globally with zero fees. Operates as a broad incumbent in crypto payments; overlaps with Qi's merchant acceptance thesis, though Binance's distribution is consumer-wallet-led.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/_QiDigital
• Facebookfacebook.com/qidigitalhq

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qi