What Muun does

Muun is a self-custodial mobile cryptocurrency wallet that lets individual users store, send, and receive bitcoin across both the Bitcoin mainchain and the Lightning Network from a single unified balance. Founded in October 2018 in Buenos Aires, Argentina and incorporated in the Cayman Islands as Muun Wallet Inc., the company operates with a 1–10 person team and distributes exclusively through the Apple App Store and Google Play Store under a free, product-led growth model.

The wallet is built around a proprietary 2-of-2 multi-signature security architecture in which the user's phone holds one key and Muun's servers co-sign daily transactions, with both keys also stored encrypted in a paper-based Emergency Kit that uses output descriptors rather than a traditional mnemonic to support multisig, Lightning, and Taproot recovery. Muun integrates the Lightning Network via Lightning Labs' submarine swap protocol (with optional Turbo Channels for instant channel opening) and runs a proprietary mempool-based fee estimator benchmarked at up to ~30% lower fees than Bitcoin Core's conservative estimator. The codebase is partially open-sourced on GitHub for public auditability, although the UI is not fully compilable to deter malicious forks.

Muun's only revenue stream is micro Lightning Network routing and swap fees on user transactions (Lightning fees can be as low as 1 satoshi). There is no subscription tier, seat pricing, or enterprise sales motion; the company targets three customer segments — primary individual Bitcoin users who actively spend bitcoin for daily transactions and remittances, unbanked/underbanked populations (particularly in Latin America), and Lightning Network users who want fast, cheap payments without manual channel management. The sole named customer engagement is a November 2018 social-impact trial with nonprofit GiveCrypto in Buenos Aires' Barrio 31, which is not a revenue relationship.

Name

Muun

Legal name

Muun Wallet Inc.

Website

https://muun.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Cryptocurrency Wallet

akta.pro primary industry

Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB)

akta.pro secondary industry

Smart Contract Wallets & Account Abstraction (FSADACAF)

Keywords

• Self-custodial bitcoin wallet
• Lightning network payments
• Bitcoin mobile wallet
• Lightning payments app
• Non-custodial crypto wallet

Headquarters

HQ city

Scott Air Force Base

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Lightning Network Transaction Fees: Muun charges Lightning Network fees for routing off-chain payments. These include a Lightning routing fee (for the off-chain component) and a swap fee (for the on-chain transaction to the swap provider). Lightning fees can be as low as 1 satoshi total per transaction.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Muun offers a self-custodial mobile wallet for Bitcoin and the Lightning Network, available on iOS and Android. The wallet combines on-chain and Lightning balances into a single unified balance, secures funds with a proprietary 2-of-2 multi-signature architecture, and enables instant off-chain payments with fees as low as 1 satoshi via submarine swaps. Revenue is generated indirectly through Lightning routing and swap transaction fees.

Product overview

Muun is a self-custodial mobile cryptocurrency wallet designed as a 'secure checking account for Bitcoin.' The core Muun Wallet product provides Bitcoin and Lightning Network support with a unique 2-of-2 multi-signature security model. Key security features include the Emergency Kit for private key backup, Cold Recovery Code, and Multi-factor Authentication. The wallet offers fast, low-cost transactions through Lightning Network integration using submarine swaps (with fees as low as 1 satoshi) and includes a proprietary mempool-based fee estimator for optimized on-chain transaction costs. Available on Android and iOS platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Muun Wallet

Quantifiable outcome

• Up to ~30% lower fees than bitcoind conservative estimator at the same precision level for next-block transactions
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

One partnership is on record.

• GiveCryptominorStrategic or Co-development Partner · 1 November 2018GiveCrypto is a nonprofit organization that distributes cryptocurrency donations to people in need. In late 2018, GiveCrypto partnered with Muun to conduct a bitcoin distribution trial in Barrio 31, a slum in Buenos Aires, Argentina. 24 residents received daily bitcoin donations over 11 days and used Muun Wallet to transact at local shops. The partnership was designed to demonstrate Bitcoin's utility for financial inclusion and unbanked populations. The trial distributed approximately 1,000 USD equivalent in bitcoin.

Recent moves6 records

Expansion highlights4 records

Direct peers

• Phoenix Wallet (ACINQ): Phoenix is a self-custodial Bitcoin + Lightning mobile wallet built by ACINQ. Like Muun, it abstracts Lightning channels behind a single balance and targets mainstream users, making it the closest direct competitor in product, UX, and technical philosophy.
• BlueWallet: BlueWallet is a popular open-source Bitcoin wallet with optional Lightning (LNDHub) support. It overlaps with Muun in self-custody, Lightning integration, and consumer focus, though it generally requires more user-side Lightning configuration.
• Breez: Breez is a non-custodial Bitcoin and Lightning wallet focused on UX and point-of-sale use cases. It targets the same self-custodial Lightning user that Muun pursues, with overlapping features such as automatic channel management.
• Wallet of Satoshi: Wallet of Satoshi is a Lightning-focused mobile wallet popular for its frictionless onboarding. It is a direct peer for everyday Lightning payments, though it is custodial rather than self-custodial, the opposite trust model from Muun.
• Strike: Strike is a Bitcoin payments app that leverages the Lightning Network for instant, low-cost transfers and remittances. It competes with Muun for the 'everyday bitcoin spending' use case and has materially larger funding and user reach.
• Electrum: Electrum is a long-standing open-source Bitcoin wallet supporting hardware-wallet integration and Lightning via plugins. It competes with Muun for the security-conscious bitcoin self-custody audience, with a more technical UX.

Broad incumbents

• Cash App (Block): Cash App integrates bitcoin buying, selling, and Lightning transfers within a broader consumer payments app. It overlaps with Muun in everyday Bitcoin/Lightning payments but operates at vastly greater scale and as part of a multi-feature fintech product.
• Coinbase Wallet: Coinbase Wallet is a multi-chain self-custody wallet from Coinbase. It competes with Muun for the same consumer self-custody segment but adds broad multi-asset support, dApp browsing, and the Coinbase distribution brand.
• Trust Wallet (Binance): Trust Wallet is a multi-chain self-custody mobile wallet. It overlaps with Muun in mobile self-custody UX, but covers a much wider set of chains and tokens, capturing the multi-asset user that Muun explicitly does not target.

Emerging players

• Sparrow Wallet: Sparrow is a desktop Bitcoin wallet emphasizing transparency, coin control, and hardware-wallet integration. It is an emerging peer for the security-and-utxo-conscious slice of Muun's audience, though it does not focus on Lightning UX in the same way.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/MuunWallet
• GitHubgithub.com/muun
• LinkedInlinkedin.com/company/muunwallet

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Muun