EukaPay

What EukaPay does

EukaPay is a Toronto-based crypto payment processor, founded in 2021 and operated through legal entity NUCL Technologies Inc., that enables businesses to accept cryptocurrency payments from customers and receive settlement in fiat currencies (USD, CAD, EUR). Its platform is built on a non-custodial architecture — EukaPay does not hold customer private keys or operate as a custodial wallet — and supports fast settlement via Lightning Network-compatible processing with fixed exchange rate guarantees during payment windows. The product suite centers on a core Crypto Payment Gateway and extends across Online Checkout, Invoicing, Recurring Billing, Payment Links, POS Terminal, an API for developer integration, eCommerce plugins, Mass Payouts, and Prepaid Cards, supplemented by a sub-brand OTC trading desk (EukaOTC) and a US-facing payout product (EukaPay Send) operated through Miami-based Delaware corporation NUCL Technologies US Inc. The company has integrated with payments, POS, and accounting infrastructure including Moneris, Fiserv, Clover, Pax, Sunmi, Bankcard International Group, Xero, and QuickBooks, and operates with FINTRAC MSB (M22233887) and FinCEN MSB registrations plus applicable US state money transmitter licenses.

Revenue is generated entirely through transaction-based fees — payment processing fees, OTC trading fees, crypto payout fees, and a $2 refund processing fee — under a quote-based enterprise pricing model and a self-serve SMB onboarding flow. Go-to-market is hybrid: sales-led for enterprise with a dedicated sales team and "Talk to Sales" CTA, self-serve registration via app.eukapay.com for SMBs, API-first integration for developers and merchants, eCommerce plugin distribution, and an active referral/affiliate/channel partner program. The stated vertical segmentation spans iGaming, Payment Service Providers, CFD/Forex, Charities/Nonprofits, Event Ticketing, and eCommerce. Public, headquartered in Toronto at 5000 Yonge St, Suite 1901 with a US regional office at 111 NE 1st St, 8th Floor Suite #89017, Miami, and a headcount in the 11-50 range; total disclosed funding to date is approximately $1.7 million across a 2021 seed and a 2023 round (Builder Capital, Sora Ventures, Dream Ventures, TRGC), with no disclosed institutional VC lead or revenue figures.

Name

EukaPay

Legal name

NUCL Technologies Inc.

Website

https://eukapay.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

EukaPay is a Toronto-based crypto payment processor founded in 2021 that enables businesses to accept cryptocurrency payments and receive fiat settlement, serving iGaming, PSPs, eCommerce, and other verticals through a non-custodial, FINTRAC- and FinCEN-licensed platform with OTC trading and mass payout capabilities.

Ownership category

akta.pro rank

Product category

Cryptocurrency Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

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

akta.pro primary industry

Crypto Merchant Acquirers & PSPs (Payment Service Providers) (FSADAIAB)

akta.pro secondary industries

Crypto Payment Gateways & Checkout APIs (FSADAIAA), On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)

Keywords

• Crypto payment processing
• Digital asset payments
• Stablecoin payouts
• OTC crypto trading
• Cryptocurrency payment gateway

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Processing Fees: EukaPay charges transaction fees on each cryptocurrency payment processed through their gateway. The fees are deducted from merchant settlements.
2. OTC Trading Fees: Fees charged for over-the-counter cryptocurrency trades including crypto-to-fiat, fiat-to-crypto, and crypto-to-crypto transactions through the EukaOTC trading desk.
3. Crypto Payout Fees: Processing fees for cryptocurrency payouts to recipients. Fees are added to the total payout amount and cannot be deducted from the recipient's payment.
4. Refund Processing Fees: Refunds are subject to a fee of 2 USD per transaction. Refunds equal to or greater than 1000 USD require additional KYC verification.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

EukaPay provides a cryptocurrency payment processing platform that lets businesses accept, send, and exchange digital assets and receive fiat settlement. Its offerings include a crypto payment gateway, online checkout, invoicing, recurring billing, payment links, POS terminals, eCommerce plugins, API integration, mass payouts, prepaid cards, and an over-the-counter trading desk (EukaOTC). The platform is non-custodial, supports stablecoin and fiat payouts, and is registered as a Money Services Business with FINTRAC and FinCEN.

Product overview

EukaPay is a global crypto payment and trading platform designed to help businesses accept cryptocurrency payments and receive settlement in fiat currencies (USD, CAD, EUR). The platform operates as a multi-module system centered around a Crypto Payment Gateway, supplemented by various payment tools including Online Checkout, Invoicing, Recurring Billing, Payment Links, POS Terminal, API Integration, eCommerce Plugins, Mass Payouts, and Prepaid Cards. The ecosystem includes EukaOTC (OTC trading desk) for high-volume trades and EukaPay Send (crypto payouts) for mass disbursements. The platform emphasizes stablecoin-focused infrastructure, fast Lightning Network settlements, and compliance-first operations with FINTRAC licensing in Canada and FinCEN registration in the US.

Differentiator

Problem solved

Functional benefit

Brands

• EukaOTC: Non-custodial digital currency exchange providing over-the-counter (OTC) trading for buying and selling digital currencies in exchange for fiat currencies. Operates as a separate OTC trading desk and platform.

Products and services

• Crypto Payment Gateway Core payment gateway that lets merchants accept cryptocurrency payments from customers and settle in fiat currencies (USD, CAD, EUR). Supports multiple digital assets and integrates with online checkout, invoicing, POS and APIs.
• Online Checkout Hosted checkout page that lets merchants accept crypto and fiat payments side by side in a single, seamless flow for online customers.
• Payment Links Shareable URL-based payment links that let merchants collect cryptocurrency from customers without integrating a full checkout flow.
• POS Terminal Point-of-sale terminal hardware/software solution enabling merchants to accept digital asset payments in physical store locations.
• API Integration Developer API for embedding EukaPay's crypto payment processing capabilities into merchant applications, platforms, and mass payout workflows.
• eCommerce Plugins Pre-built integrations for major eCommerce platforms that let merchants add cryptocurrency payment options without custom development.
• Mass Payouts Bulk disbursement service that lets merchants send thousands of crypto payouts to recipients globally via CSV or API, with automatic currency conversion to fiat or stablecoin.
• Prepaid Cards Prepaid card product that lets users convert and spend their cryptocurrency balances at everyday merchants.
• EukaOTC Trading Desk Over-the-counter trading desk service for high-volume cryptocurrency trades, facilitating direct crypto-to-fiat and crypto-to-crypto trades with dedicated chat broker support.
• EukaPay Send US subsidiary-operated blockchain-based payment processor that enables businesses to disburse cryptocurrency payouts to employees, contractors, or vendors with fiat-to-crypto conversion.

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• XerocoreTechnology or IntegrationXero accounting software integration enabling seamless invoicing and financial reconciliation for merchants using EukaPay crypto payments.
• QuickBookscoreTechnology or IntegrationQuickBooks integration allowing merchants to automate crypto-to-fiat conversion accounting and financial reporting.
• Bankcard International GroupminorChannel Partner/ Reseller/ DistributorDistribution partnership for card processing services extending EukaPay's reach to additional merchant segments.
• Blockchain Futurist ConferenceminorGTM or Marketing PartnerMarketing partnership and sponsorship of the Blockchain Futurist Conference for brand visibility in the crypto community.
• Element SolidminorGTM or Marketing PartnerStrategic marketing partnership for co-marketing initiatives in the digital asset ecosystem.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Plisio: Crypto payment processor offering merchant acceptance, mass payouts, and invoicing with non-custodial settlement. Comparable in product scope to EukaPay's gateway and payouts modules.
• BTCPay Server: Open-source, self-hosted Bitcoin payment processor with Lightning support. Comparable crypto payment gateway and Lightning settlement capabilities, though EukaPay is a managed SaaS versus BTCPay's self-hosted model.

Direct peers

• BitPay: One of the longest-standing crypto payment processors, offering merchants crypto acceptance with fiat settlement, invoicing, and POS tools. Directly comparable to EukaPay's crypto payment gateway, mass payouts, and fiat settlement value proposition.
• Coinbase Commerce: Coinbase's merchant-facing crypto payment product enabling businesses to accept crypto with fiat settlement, comparable APIs, eCommerce plugins, and invoicing. Directly overlaps with EukaPay's core gateway, checkout, and plugin offerings.
• CoinGate: Crypto payment gateway serving merchants globally with fiat settlement, POS, plugins, and mass payouts. Closely mirrors EukaPay's product surface area, especially in eCommerce and POS verticals.
• NOWPayments: Non-custodial crypto payment processor with global coverage, mass payouts, POS, and eCommerce plugins. Directly comparable to EukaPay's non-custodial architecture and broad merchant tooling.
• Triple-A: Licensed crypto payment processor offering merchants crypto acceptance with fiat settlement, targeting similar compliance-first positioning and global merchant use cases as EukaPay.
• Alchemy Pay: Hybrid crypto-fiat payment gateway enabling global merchants to accept both rails through one integration, with POS and online checkout. Comparable cross-border crypto acceptance and fiat settlement focus.
• Strike: Bitcoin and stablecoin payment platform built on the Lightning Network for instant global settlement. Comparable Lightning-first, low-cost cross-border payment positioning that overlaps with EukaPay's stated differentiators.

Broad incumbents

• Circle: USDC stablecoin issuer and enterprise payment infrastructure provider. Adjacent to EukaPay through its role in stablecoin settlement rails that EukaPay's platform relies on, and increasingly competing at the merchant acceptance layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eukapay
• Xx.com/EukaPay

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors4 records

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 EukaPay