Ultimate

What Ultimate does

Iron is an API-first stablecoin payment infrastructure company, founded around 2020 and headquartered across New York City, London, and Berlin. Following its acquisition by MoonPay in Q1 2025, Iron operates as MoonPay's stablecoin infrastructure brand, delivering a comprehensive suite of modules—virtual accounts in EUR, USD, and GBP that auto-settle incoming fiat into stablecoins; programmatic on/offramps for fiat-to-stablecoin conversion; global payouts to 30+ fiat currencies; a crypto checkout widget; hosted or bring-your-own KYC; and a Stablecoin Issuance platform that allows platforms to mint proprietary fiat-backed stablecoins.

The technology is delivered through clean, sandbox-enabled APIs alongside a developer dashboard and plug-and-play UI widgets, enabling customers to go from zero to live in a day. Iron monetizes via API transaction fees and OTC services, with revenue mechanics tied to transaction volume rather than publicly disclosed per-transaction pricing or subscription tiers; pricing is gated behind a demo request. Target customers are enterprise and fintech-segment buyers, including Payment Service Providers (PSPs), FinTechs, Wallets, Exchanges, Treasuries, Remittance companies, and Payroll Providers, with operational coverage extending to 100+ customer-onboarding countries.

The company's competitive position rests on three pillars: (1) the regulatory perimeter inherited from MoonPay, including 47 US Money Transmitter Licenses, NY BitLicense, MiCA CASP, FCA registration, Central Bank of Ireland registration, AUSTRAC, and FINTRAC; (2) the breadth of the API surface, which consolidates accounts, ramps, payouts, compliance, and reconciliation into a single integration; and (3) MoonPay's $490M+ VC capital base, which funds infrastructure, licensing, and global expansion that would be prohibitive for a standalone stablecoin infrastructure startup to match.

Name

Ultimate

Legal name

Iron

Website

https://ultimate.money

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Iron (by MoonPay) is an API-first stablecoin payment infrastructure platform offering virtual accounts, on/offramps, global payouts, checkout, KYC, and stablecoin issuance for PSPs, fintechs, wallets, exchanges, treasuries, remittance, and payroll providers across 100+ countries.

Ownership category

akta.pro rank

Product category

Cryptocurrency Investment Software

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Software Publishers (5132)

SIC

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

akta.pro primary industry

Crypto Payment Gateways & Checkout APIs (FSADAIAA)

akta.pro secondary industry

Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)

Keywords

• Crypto investment apps
• Web3 wallet navigation
• Cryptocurrency portfolio management
• Wallet co-pilot software
• Crypto portfolio tracking

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. API Transaction Fees: Revenue generated from API usage for on/offramp transactions, payment processing, settlement, and checkout services. Pricing likely based on transaction volume or a take rate per transaction.
2. OTC Services: Larger-size ramping services for customers requiring bulk stablecoin conversion

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Ultimate develops investment applications and a web3 co-pilot tool designed for navigating cryptocurrency wallets. The company builds consumer software that helps individual users manage and track their crypto investments and navigate web3 wallet ecosystems.

Product overview

Iron is an API-first stablecoin payment infrastructure platform offering a comprehensive suite of modules including Virtual Accounts, On/Offramps, Global Payouts, Checkout, Issuance, KYC, Payments, Settlement, and OTC services. The platform provides both API-based programmatic access and pre-built UI components (Checkout Widget, Developer Dashboard) for flexible integration. Acquired by MoonPay in Q1 2025, the platform supports USD-backed stablecoins (USDC, PYUSD), EUR-backed stablecoins (EURC), and crypto assets (SOL, ETH), with fiat support in USD, EUR, and GBP across 100+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Apps
• Web3 Co-Pilot

Segments7 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• MoonPaycoreOthers · 1 January 2025Iron was acquired by MoonPay in Q1 2025 and operates as MoonPay's stablecoin infrastructure brand. Iron provides virtual accounts, ramps, payouts, compliance, and reconciliation services integrated into MoonPay's global licensing and infrastructure. MoonPay provides the regulatory foundation (47 US state licenses, NY BitLicense, MiCA license, FCA, CBI, AUSTRAC, FINTRAC) while Iron focuses on stablecoin-specific products and APIs.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Transak: Transak is a global fiat-to-crypto on/offramp infrastructure provider with developer APIs and broad coverage. It directly competes with Iron's on/offramp and KYC modules for wallets, exchanges, and fintechs.
• Bridge (Stripe): Bridge is an API-first stablecoin orchestration platform for businesses, offering accounts, on/offramps, and payouts. It is the most direct functional twin to Iron, now backed by Stripe's distribution and capital after acquisition.
• Circle: Circle is the issuer of USDC and EURC and operates developer APIs for stablecoin payments, on/offramps, and cross-border transfers. It competes head-on with Iron in stablecoin banking APIs and also has a regulatory moat.
• Alchemy Pay: Alchemy Pay provides crypto on/offramp and fiat-crypto payment gateway APIs used by merchants and platforms globally. It overlaps with Iron on ramp APIs, checkout widgets, and PSP integrations.
• BitPay: BitPay is an established crypto payment processor and on/offramp provider for merchants and businesses. It is a longer-tenured peer competing on similar rails (stablecoin acceptance, payouts, settlement).
• Zero Hash: Zero Hash provides embedded crypto and stablecoin infrastructure (on/offramp, custody, trading) via APIs to fintechs, neobanks, and brokerages. It is a close comparable in API-first stablecoin rails for enterprise and fintech clients.
• BVNK: BVNK is a stablecoin payment infrastructure provider focused on enterprise cross-border payments, payouts, and on/offramp APIs. It targets PSPs, fintechs, and remittance firms similarly to Iron.

Broad incumbents

• Coinbase Commerce: Coinbase Commerce offers merchant crypto payment acceptance and settlement, and Coinbase broader provides stablecoin and onchain payment infrastructure. It overlaps with Iron's checkout and settlement products but as part of a much broader exchange/incumbent stack.
• Fireblocks: Fireblocks provides custody, settlement, and onchain payment infrastructure used by exchanges, fintechs, and PSPs. It is comparable to Iron for treasury and settlement workflows, though broader in custody and security tooling.
• Ripple: Ripple provides cross-border payment infrastructure including stablecoin-enabled rails via Ripple Payments and RLUSD. It overlaps with Iron on global payouts, FX, and B2B remittance use cases at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/UltimateMoney
• LinkedInlinkedin.com/company/ultimatemoney

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

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 Ultimate