Millicent
Millicent Labs builds a blockchain-based digital finance network using hybrid distributed ledger technology. The London-based company supports stablecoin and CBDC infrastructure, serving financial institutions, governments, and the 1.7 billion globally unbanked with borderless settlement capabilities.
- Company typePrivate
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Millicent does
Millicent Labs is a London-based financial infrastructure company developing a blockchain-based digital finance network. Founded in 2021, the company's core product, the Digital Finance Network, is built on hybrid distributed ledger technology that combines elements of public and private blockchains to create open, borderless transaction systems. The platform supports stablecoins and central bank digital currencies (CBDCs), targeting two distinct customer segments: the 1.7 billion unbanked and underbanked individuals globally who lack access to traditional financial services (primary persona segment), and financial institutions and governments seeking to modernize legacy infrastructure for cross-border settlement and digital currency integration (secondary business segment).
The company generates revenue through transaction fees on its digital finance network services. As a B2B infrastructure provider, pricing is quote-based and negotiated per contract rather than publicly disclosed. Go-to-market is sales-led and oriented toward enterprise and government engagements, evidenced by direct interaction with UK Research and Innovation (UKRI) Innovate UK for non-dilutive grant funding. The team is small at 1-10 employees, led by co-founders Stella Dyer (CEO) and Kene Ezeji-Okoye (President), with Dr Zakwan Jaroucheh serving as Chief Technology Officer.
With 1-10 employees and the primary disclosed capital coming from a UKRI Innovate UK SMART Award government grant dated February 2022, Millicent is at an early development stage. The company has received formal recognition through the UKRI Innovate UK SMART Award (2022) and claims a global service footprint with the United Kingdom as its primary jurisdiction. No revenue, named customers, or institutional equity funding have been disclosed, indicating the business remains in an R&D and pre-commercial phase as of the latest available data.
Millicent firmographics
Firmographics- Name
- Millicent
- Legal name
- Millicent Labs
- Website
- https://millicent.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Millicent Labs builds a blockchain-based digital finance network using hybrid distributed ledger technology. The London-based company supports stablecoin and CBDC infrastructure, serving financial institutions, governments, and the 1.7 billion globally unbanked with borderless settlement capabilities.
- Ownership category
- akta.pro rank
Millicent industry classification
Industry- Product category
- Blockchain Financial Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
- akta.pro secondary industries
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ), Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Millicent is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Millicent business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Digital Finance Network Services: Infrastructure services for financial transactions powered by distributed ledger technology, supporting stablecoins and CBDCs for cross-border financial services
Go-to-market motion1 record
Millicent product offering
Product offeringCore offering
Millicent offers a Digital Finance Network built on hybrid distributed ledger technology (blockchain). The platform supports stablecoins and Central Bank Digital Currencies (CBDCs) to enable open, borderless digital financial networks. It is designed to serve the 1.7 billion unbanked people globally through frictionless cross-border transactions and to help financial institutions modernize legacy infrastructure.
Product overview
Millicent offers a digital finance network built on hybrid distributed ledger technology. The platform aims to serve over 1.7 billion unbanked people globally by providing frictionless financial systems. The network supports stablecoins and central bank digital currencies (CBDCs) to enable open, borderless digital financial transactions.
Differentiator
Problem solved
Functional benefit
Products and services
- Digital Finance Network A blockchain-based digital finance network built on hybrid distributed ledger technology that transforms traditional financial systems into open, borderless digital networks. It supports stablecoins and CBDCs to enable frictionless cross-border financial transactions and serve unbanked populations globally.
Quantifiable outcome
- Ability to serve 1.7 billion unbanked individuals globally through accessible digital finance network
Companies that use Millicent
Customer profileSegments2 records
Ideal customer profiles2 records
Millicent technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Millicent partnerships and signals
Strategic signalScale indicators2 records
Recent moves3 records
Expansion highlights4 records
Millicent competitors and assessment
Company assessmentEmerging players
- Fnality International: Consortium-backed utility settlement coin and distributed ledger for wholesale bank settlement — directly comparable as institutional/central-bank-grade DLT payment infrastructure.
- Algorand: Layer-1 blockchain purpose-built for financial services and CBDCs, with central bank pilots and stablecoin issuance activity.
- Bitso: Latin American crypto payments and remittance platform — comparable on the financial-inclusion and cross-border payments narrative.
Direct peers
- Hedera Hashgraph: Enterprise-grade distributed ledger (Hashgraph) used for tokenization, payments, and CBDC pilots — comparable hybrid-feel architecture for institutional use cases.
- Stellar Development Foundation: Open-source blockchain network purpose-built for payments, remittances, and tokenized assets — competing in the same cross-border and financial inclusion rails.
- Fireblocks: Institutional digital asset custody, settlement, and payments infrastructure — adjacent rail layer for stablecoin and tokenized asset movement.
- Ripple: Provider of cross-border payments infrastructure (RippleNet, XRP Ledger) and enterprise blockchain solutions to banks and financial institutions globally.
- R3: Enterprise blockchain platform (Corda) widely used by banks and central banks for tokenization, settlement, and CBDC experimentation.
- Paxos: Regulated stablecoin issuer (USDP, PYUSD) and blockchain infrastructure platform. Closely comparable in mint/redeem APIs, custody tech, and enterprise payment rails.
- Circle: USDC issuer and major stablecoin infrastructure provider. Direct competitor in stablecoin issuance, treasury, and on-chain payment rails for financial institutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Millicent social profiles
Digital presenceMillicent financial estimates
Financial estimateRevenue estimate
Valuation estimate
Millicent leadership team
Management profileNumber of profiles
Profiles3 records
Millicent funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Millicent 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 Millicent
What does Millicent do?
Millicent offers a Digital Finance Network built on hybrid distributed ledger technology (blockchain). The platform supports stablecoins and Central Bank Digital Currencies (CBDCs) to enable open, borderless digital financial networks. It is designed to serve the 1.7 billion unbanked people globally through frictionless cross-border transactions and to help financial institutions modernize legacy infrastructure.
Is Millicent a public or private company?
Millicent is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Millicent founded?
Millicent was founded in 2021. It employs 1 to 10 people.
Where is Millicent based?
Millicent is headquartered in London, United Kingdom, in the Europe region.
How does Millicent make money?
One revenue line is on record: digital Finance Network Services.
Who are Millicent's main competitors?
Emerging players on record are Fnality International, Algorand and Bitso. Direct peers are Hedera Hashgraph, Stellar Development Foundation, Fireblocks, Ripple, R3, Paxos and Circle.
Does Millicent have an API?
No public API is recorded for Millicent.
What industry is Millicent in?
Millicent's product category is Blockchain Financial Infrastructure. Its primary akta.pro industry code is FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury), with a secondary code of FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails). Its NAICS code is 522320 and its SIC code is 6199.