ivendPay
ivendPay (IVPAY) is a Dubai-based crypto payment processor founded in 2018 that provides POS terminals, mobile, e-commerce, vending, invoicing, and REST API products enabling merchants to accept over 40 cryptocurrencies across 400+ locations in 5 countries.
- Company typePrivate
- Founded2018
- HeadquartersDubai, United Arab Emirates
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What ivendPay does
ivendPay (doing business as IVPAY) is a Dubai-headquartered, private crypto payment processing company founded in 2018 that builds infrastructure enabling merchants to accept and settle cryptocurrency transactions. Its core platform supports over 40 cryptocurrencies across Bitcoin, Ethereum, Binance Smart Chain, Polygon, Arbitrum, XRP Ledger, TRON, and TON networks, with optional instant conversion to fiat via SEPA bank transfers. The company is organized around six product lines: a Crypto Payment Terminal (hardware POS device), a Mobile App that turns any smartphone into a payment acceptance device, an E-commerce Integration plugin, a Vending Machine payment solution, an Invoicing tool, and a REST API for developers. Each line is documented at a distinct product URL under the ivpay.io domain, and onboarding is split between a self-serve registration portal at app.ivpay.io and a Calendly-driven enterprise demo motion.
The company monetizes through three streams: transaction fees on processed crypto payments, sale of physical POS terminal hardware, and recurring subscription/API access for developers and partners. Geographic operations cover 400+ merchant locations across the UK, Spain, Brazil, India, and Germany, with additional countries planned for 2025. Distribution is multi-channel, combining direct mobile app downloads, e-commerce marketplace integrations, enterprise direct sales, and developer-first API access (docs.ivpay.io). Marketing is conducted primarily through organic social channels (X, LinkedIn, Instagram, YouTube, Medium) and an email newsletter.
Leadership consists of CEO Paul Vysotski. The company is privately held with no disclosed investors beyond a 2024 engagement with Coinvestor Ventures; revenue, valuation, and ownership structure are not publicly disclosed, and certifications, regulatory actions, and patent filings are not evidenced in the available data. The addressable market claimed by the company is more than 100 million potential crypto-spending consumers seeking to use digital assets for everyday purchases.
ivendPay firmographics
Firmographics- Name
- ivendPay
- Website
- https://ivendpay.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ivendPay (IVPAY) is a Dubai-based crypto payment processor founded in 2018 that provides POS terminals, mobile, e-commerce, vending, invoicing, and REST API products enabling merchants to accept over 40 cryptocurrencies across 400+ locations in 5 countries.
- Ownership category
- akta.pro rank
ivendPay industry classification
Industry- 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 Payment Gateways & Checkout APIs (FSADAIAA)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Micropayments & Streaming Payments (Crypto) (FSADAIAM)
Keywords
Where ivendPay is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Markets served
ivendPay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Crypto Payment Processing: Transaction fees from processing cryptocurrency payments across physical stores, e-commerce, and vending machines
- Hardware Sales: Sale of Crypto Payment Terminal devices to merchants requiring physical POS hardware
- API/Developer Services: Revenue from REST API integration services and potentially subscription tiers for advanced API features
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Quote-based pricing for enterprise and business customers |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
ivendPay product offering
Product offeringCore offering
ivendPay (IVPAY) is a multi-network cryptocurrency payment platform that enables businesses to accept, process, and settle digital currency payments across physical retail, e-commerce, vending machines, and B2B invoicing. Its offering spans a hardware Crypto Payment Terminal, a mobile acceptance app, an e-commerce plugin, a smart vending machine solution, an invoicing tool, and a REST API, supporting 40+ cryptocurrencies with optional instant conversion to fiat via SEPA bank transfers.
Product overview
ivendPay (IVPAY) is a comprehensive cryptocurrency payment platform that offers a unified suite of tools for integrating digital currencies into business operations. The product portfolio consists of six core offerings: a Crypto Payment Terminal for physical retail, a Mobile App for smartphone-based crypto payments, an E-commerce Integration for online stores, a Vending Machine solution for automated retail, an Invoicing tool for payment tracking, and a REST API for custom integrations. The platform supports over 40 cryptocurrencies and allows businesses to accept payments and withdraw funds in either crypto or fiat currency, with automatic conversion options. The system operates across physical store locations, online environments, and automated vending machines, providing a complete ecosystem for cryptocurrency payment acceptance.
Differentiator
Problem solved
Functional benefit
Products and services
- Crypto Payment Terminal
Quantifiable outcome
- Over 40 cryptocurrencies supported
- +2 more outcomes
Companies that use ivendPay
Customer profileSegments4 records
Ideal customer profiles4 records
ivendPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
ivendPay partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
ivendPay competitors and assessment
Company assessmentBroad incumbents
- Crypto.com Pay: Crypto.com's merchant payment service offering checkout, API, and settlement backed by a major consumer exchange; overlaps with IVPAY at the merchant acceptance layer while operating on a much larger retail user base.
- Strike: Bitcoin Lightning-based payment network with merchant tools and API; competes with IVPAY in crypto-enabled retail payments and developer integrations, with a strong US-based merchant focus.
Direct peers
- NOWPayments: Crypto payment gateway supporting 150+ cryptocurrencies with POS, e-commerce plugins, and invoicing; competes with IVPAY across nearly every product surface including vending and small-ticket transactions.
- BitPay: Long-established crypto payment processor providing merchant checkout, invoicing, and POS tools for BTC, ETH, and stablecoins; highly comparable to IVPAY in offering multi-form-factor crypto acceptance with fiat conversion.
- CoinPayments: One of the earliest crypto payment processors offering wallet, POS, and checkout plugins across many altcoins, with fiat off-ramp; directly comparable multi-coin, multi-channel approach to IVPAY's stack.
- Alchemy Pay: Hybrid crypto-fiat payment network providing POS terminals, online checkout, and mobile SDKs in multiple countries; competes with IVPAY in physical retail and cross-border merchant acceptance.
- Coingate: Lithuania-based crypto payment gateway supporting 70+ coins with POS terminals, e-commerce plugins, and API, with strong European merchant focus; comparable in product mix and geographic ambition to IVPAY's European operations.
- Coinbase Commerce: Coinbase's merchant-focused crypto payment gateway offering online checkout, invoicing, and POS integrations for global businesses; competes directly with IVPAY for merchants wanting to accept multiple cryptocurrencies with fiat settlement.
- Plisio: Crypto payment gateway and merchant API focused on mass payouts and checkout, supporting many altcoins and stablecoins; competes with IVPAY on multi-coin merchant acceptance and developer APIs.
Emerging players
- BTCPay Server: Open-source, self-hosted Bitcoin (and Lightning) payment processor with POS and invoicing; competes for the technically sophisticated merchant segment and overlaps with IVPAY's POS and invoicing offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
ivendPay social profiles
Digital presenceivendPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
ivendPay leadership team
Management profileNumber of profiles
Profiles1 record
ivendPay funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ivendPay 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 ivendPay
What does ivendPay do?
ivendPay (IVPAY) is a multi-network cryptocurrency payment platform that enables businesses to accept, process, and settle digital currency payments across physical retail, e-commerce, vending machines, and B2B invoicing. Its offering spans a hardware Crypto Payment Terminal, a mobile acceptance app, an e-commerce plugin, a smart vending machine solution, an invoicing tool, and a REST API, supporting 40+ cryptocurrencies with optional instant conversion to fiat via SEPA bank transfers.
Is ivendPay a public or private company?
ivendPay is a private company. It is classified as unknown and is currently operating.
When was ivendPay founded?
ivendPay was founded in 2018. It employs 1 to 10 people.
Where is ivendPay based?
ivendPay is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does ivendPay make money?
Three revenue lines are on record. Crypto Payment Processing is the primary driver. The others are hardware Sales and API/Developer Services.
Who are ivendPay's main competitors?
Broad incumbents on record are Crypto.com Pay and Strike. Direct peers are NOWPayments, BitPay, CoinPayments, Alchemy Pay, Coingate, Coinbase Commerce and Plisio. BTCPay Server is listed as an emerging player.
Does ivendPay have an API?
Yes. REST API integration enables businesses to connect crypto payment capabilities into their existing systems. The API is designed to cover every need of a business for accepting cryptocurrency payments. Developer documentation is at docs.ivpay.io.
What industry is ivendPay in?
ivendPay's product category is Cryptocurrency Payment Processing. Its primary akta.pro industry code is FSADAIAA, Crypto Payment Gateways & Checkout APIs, with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 522320 and its SIC code is 6200.