Dynamex

What Dynamex does

Dynamex is a licensed multi-product fintech platform headquartered in Kyrenia (Girne), Northern Cyprus, operating through two legal entities (Dynamex Solutions Ltd and Dynamex Change & Exchange Ltd). The company runs a unified ecosystem spanning five core product lines: a cryptocurrency OTC exchange desk supporting 59+ digital assets and 19+ fiat currencies (trade.dynamex.io), a merchant crypto payment gateway (DynaPOS) that settles in TRY/USD/GBP/EUR, an FX/currency exchange platform, a cross-border payments network reaching 30+ countries via 1,000+ payout partners, and a prepaid Mastercard (DynaPay) accepted at 44M+ locations in 200+ countries. The underlying technology stack combines MPC wallet architecture, institutional cold storage with hardware key support (Ledger, Tangem), and real-time pricing APIs from XE.com and CoinMarketCap; trading execution is powered by partner platform Nexus Markets, LLC.

The company's go-to-market blends self-serve PLG (merchant portal, trading platform, card console), in-person OTC branch services in Girne, and a community-led ambassador/affiliate program targeted at Northern Cyprus. Revenue is generated entirely on a transaction-fee basis: a disclosed 5% (VAT-inclusive) merchant service fee on DynaPOS, OTC and FX spreads on exchange transactions, remittance fees on cross-border payments, and prepaid card reload/processing/interchange economics. Customer segments are predominantly TRNC-registered SMB merchants across retail, real estate, automotive, education, and entertainment, with secondary reach into individual crypto traders, remittance users, and underbanked consumers via DynaPay.

Ownership is founder-controlled with no disclosed institutional investment, parent company, or external funding rounds. The strategic advisor bench and the 2021 launch of the Dynamex Blockchain Academy in partnership with Bahçeşehir Cyprus University suggest an intent to build brand authority and a talent pipeline, while the diversified product portfolio and 30+ country payout network indicate ambitions well beyond the original TRNC market.

Name

Dynamex

Legal name

Dynamex Solutions Ltd

Website

https://dynamex.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Dynamex is a licensed Northern Cyprus fintech operating a multi-product ecosystem combining crypto exchange, merchant POS (DynaPOS), FX, cross-border payments, and a prepaid Mastercard (DynaPay) serving TRNC SMB merchants, crypto traders, and remittance users.

Ownership category

akta.pro rank

Product category

Crypto and Cross-Border Payment Services

NAICS

Securities and Commodity Exchanges (52321), Finance and Insurance (52)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI), Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

Keywords

• Cryptocurrency exchange services
• Crypto payment processing
• Forex exchange services
• Cross-border remittance
• Prepaid card solutions

Headquarters

HQ city

Kyrenia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Merchant Service Fees (DynaPOS): Dynamex charges merchants a service fee of 5% inclusive of VAT (16%) for processing cryptocurrency payments. Merchants can optionally pass this fee or part of it to buyers through DynaPOS settings. This is the primary recurring transaction-based revenue stream for the merchant payment processing arm.
2. OTC Crypto Exchange Spreads: Dynamex operates an OTC (Over-The-Counter) crypto exchange desk enabling buy/sell/exchange of cryptocurrencies (BTC, ETH, USDT, XRP and 59+ other cryptos) with 19+ national fiat currencies (USD, GBP, EUR, TRY, NAIRA, PKR, RMB and more) at best market rates with no hidden fees. Revenue is generated through the spread between buy/sell rates.
3. FX Exchange Services: Provides fiat currency exchange (USD, EUR, GBP, TRY, NAIRA, PKR, RMB and more) and digital currency exchange at competitive real-time wholesale rates. Revenue generated through FX spreads and transaction fees on currency conversions for both individuals and businesses.
4. Prepaid Card Solutions (DynaPay): DynaPay prepaid card solution for daily use. The card is powered via credit card global network and accepted at 44+ million locations in 200+ countries. Revenue model likely based on reload fees, processing fees, and interchange revenue.
5. Global Money Transfer & B2B Payments: Cross-border payment services supporting 20+ currencies with 1,000+ payout partners across 30+ countries. Revenue generated from transaction fees on remittances, foreign exchange spreads, and B2B payment processing fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

Dynamex operates a multi-platform licensed fintech ecosystem that enables businesses and individuals to buy, sell, exchange, spend, and trade fiat and cryptocurrencies. Its core offerings include an OTC cryptocurrency exchange desk, a merchant crypto payment gateway (DynaPOS), fiat and digital currency exchange (FX Solutions), cross-border global money transfers, and a prepaid Mastercard (DynaPay) accepted at 44M+ locations across 200+ countries.

Product overview

Dynamex is a licensed fintech ecosystem based in Northern Cyprus operating as a multi-platform launchpad offering a comprehensive suite of financial services. The core portfolio consists of: Dynamex Crypto Exchange (OTC desk for buying, selling, and managing cryptocurrencies with fiat on/off ramps), DynaPOS/Crypto Checkout (cryptocurrency payment gateway enabling merchants to accept crypto with fiat settlements), Instant Currency/FX Solutions (real-time currency exchange platform), Send & Receive Money (cross-border global payments), and the DynaPay Prepaid Card (prepaid Mastercard for daily transactions). Supporting these core products are the Dynamex Crypto Wallet (MPC-based secure storage), Dynamex Academy (blockchain education with BAU), the B2B Foreign Exchange Platform (corporate FX management), the Merchant Directory (directory of crypto-accepting merchants), and the Ambassador Program (affiliate network). The ecosystem is unified by integrated APIs from XE.com and CoinMarketCap for real-time pricing and settlement.

Differentiator

Problem solved

Functional benefit

Brands

• DynaPOS: Cryptocurrency payment gateway allowing merchants to accept crypto payments while receiving fiat settlements
• DynaPay
• Dynamex OTC Crypto Exchange
• Dynamex FX Solutions
• Dynamex Send & Receive Money
• Dynamex Blockchain Academy

Products and services

• Dynamex Crypto Exchange Institutional-grade OTC cryptocurrency exchange desk enabling individuals and businesses to buy, sell, exchange, and manage digital assets (BTC, ETH, USDT, XRP, USDC, Stellar XLM, Litecoin LTC, Cardano ADA, and 50+ other cryptocurrencies) with 19+ fiat currencies including USD, EUR, GBP, TRY, NAIRA, PKR, and RMB.
• DynaPOS (Crypto Checkout) Cryptocurrency payment gateway allowing TRNC-registered merchants to accept crypto payments from customers at retail stores, websites, or via messaging platforms, with next-business-day settlements delivered in USD, EUR, GBP, or TRY via bank transfer or cash. Operates with a 5% inclusive of VAT service fee and XE.com-backed locked exchange rates.
• Instant Currency (FX Solutions) Foreign exchange platform for cash and digital currency exchange at competitive real-time wholesale rates, supporting major fiat currencies (USD, EUR, GBP, TRY, NAIRA, PKR, RMB) and cryptocurrencies (BTC, ETH, USDT, XRP), with risk management tools including forward contracts and hedging options.
• Send & Receive Money Global cross-border payments platform enabling individuals and businesses to send and receive money in 20+ currencies to and from bank accounts across 30+ countries through a network of 1,000+ payout partners, with bank deposit and cash pickup options.
• DynaPay Prepaid Card Prepaid Mastercard enabling daily transactions with no bank account or credit check required, accepted at 44+ million locations in 200+ countries for purchases and ATM withdrawals, with instant reload capability via the Dynamex App and online management at card-console.com.
• B2B Foreign Exchange Platform Business-to-business FX management platform enabling companies to make cross-border payments to suppliers and receive international payments, with full control over exchange rates and FX risk management through lock-in pricing, forward contracts, and hedging.
• Dynamex Crypto Wallet Secure MPC (Multi-Party Computation) wallet technology supporting all major cryptocurrencies with institutional-grade cold storage vault capabilities, multi-factor authentication, and hardware key support for Ledger and Tangem wallets.
• Dynamex Academy Blockchain education platform developed in partnership with Bahçeşehir Cyprus University (BAU) offering an MSc Master's Degree in Blockchain and Cryptocurrencies on campus and 8-week intensive online courses in Cryptoeconomics, Fintech, and DeFi available worldwide.
• Dynamex Ambassador Program Affiliate/ambassador program enabling entrepreneurs, influencers, and tech-savvy community members to earn passive income by connecting new customers to the Dynamex payments ecosystem in Northern Cyprus.

Quantifiable outcome

• Elimination of chargeback risk and identity theft for merchants accepting crypto payments
• +3 more outcomes

Named customers18 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• XE.comcoreTechnology or IntegrationXE.com provides real-time foreign exchange rate data integrated into the DynaPOS payment gateway and Dynamex FX platform. Dynamex guarantees live exchange rates based on XE.com API on all processed transactions, ensuring transparent and competitive FX pricing for merchants and customers.
• CryptoMarketCapcoreTechnology or IntegrationCryptoMarketCap API is integrated into Dynamex's pricing engine to aggregate the best market prices for cryptocurrency pairs 24/7, enabling real-time competitive crypto pricing across the platform.
• Nexus Markets, LLCcoreStrategic or Co-development PartnerDynamex acts as an introducer to Nexus Markets, LLC (a limited liability company organized under the laws of St. Vincent and the Grenadines). Nexus Markets provides the technology platform for online purchase and selling of digital currencies, digital assets, and fiat currency (crypto-to-crypto, crypto-to-fiat, and fiat-to-crypto trading). Dynamex's Terms of Service and Trading Guidelines apply to the use of Nexus Markets' platform.
• Bahçeşehir Kıbrıs Üniversitesi (BAU)coreStrategic or Co-development PartnerDynamex Blockchain Academy and BAU collaborated to launch the first Cryptoeconomics, Fintech and DeFi courses in Northern Cyprus, including an MSc Master's Degree in Blockchain and Cryptocurrencies offered on campus, and 8-week intensive online courses available worldwide.
• TangemminorChannel Partner/ Reseller/ DistributorDynamex is an official reseller of Tangem cold wallets, offering customers a secure hardware wallet option for storing cryptocurrency assets.
• LedgerminorChannel Partner/ Reseller/ DistributorDynamex is an official reseller of Ledger cold wallets, offering customers a secure hardware wallet option for storing cryptocurrency assets.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Yellow Card: Pan-African crypto exchange and payments platform serving emerging markets with local fiat on/off-ramps — comparable emerging-market crypto/fintech profile with focus on African currency corridors (NAIRA, etc.) that Dynamex also targets.

Broad incumbents

• Binance Pay: Crypto payment service from Binance enabling peer-to-peer and merchant crypto payments across 100+ cryptocurrencies — large-scale competitor to Dynamex's OTC and payment rails.
• Coinbase Commerce: Crypto payment gateway from Coinbase offering global merchants self-serve crypto acceptance with fiat settlement — directly comparable functionality to DynaPOS, but at much larger scale and lower fees.
• Crypto.com Pay: Crypto payment solution from Crypto.com offering merchant acceptance and crypto-to-fiat settlement — broad incumbent in the same crypto payment space as DynaPOS.

Direct peers

• BitPay: Leading crypto payment processor enabling merchants to accept Bitcoin and other cryptocurrencies with fiat settlement — the closest direct competitor to DynaPOS in terms of merchant crypto acceptance.
• CoinPayments: Crypto payment gateway supporting 100+ cryptocurrencies for merchants with fiat conversion — competes with DynaPOS in the multi-crypto merchant acceptance space.
• CoinGate: Crypto payment processor and gateway serving merchants globally with fiat settlement, comparable to DynaPOS in product offering and SMB target segment.
• TripleA: Crypto payment gateway licensed by MAS, enabling merchants to accept crypto with fiat settlement — comparable regulated crypto payment processor targeting SMBs.
• NOWPayments: Crypto payment gateway focused on merchant adoption with broad crypto support and instant settlement — competes directly with DynaPOS for SMB merchant wallet share.

Emerging players

• Alchemy Pay: Crypto-fiat payment gateway bridging Web3 merchants and consumers with global payment solutions — comparable emerging-market crypto payment infrastructure play.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/dynamex_fintech
• LinkedInlinkedin.com/company/dynamex-fintech

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

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 Dynamex