Cross Finance

What Cross Finance does

Cross Finance (CrossFi) is a privately held Web3 banking and blockchain infrastructure company operating dual headquarters in Prague (CrossFi Cain s.r.o.) and Hong Kong (CrossFi Limited), with 51-100 employees. Its core technology is the CrossFi Chain, a modular Layer 1 blockchain that combines a Cosmos-based consensus layer with an EVM execution layer, enabling EVM-compatible smart contracts alongside Tendermint-style block production. The company monetizes through three primary streams: a 2% transaction fee on CrossFi Card purchases (physical and virtual cards accepted at 100M+ merchants globally, available in 90+ countries), swap fees on the xApp decentralized exchange paid in XFI tokens, and ecosystem development funded by a $50 million CrossFi Foundation grant program. The platform serves four segments: crypto users and Web3 enthusiasts seeking daily crypto spending via MetaMask-integrated non-custodial accounts; DeFi participants using xApp for swaps, staking, liquidity provision, and the xUSD algorithmic stablecoin; business users via the CrossFi Business Card; and underbanked populations targeted through the Foundation's financial-inclusion narrative.

The product portfolio spans payments (Web3 Bank app, CrossFi Card, Business Card), blockchain infrastructure (CrossFi Chain, Cosmos module, EVM module), DeFi primitives (xApp DEX, LP tokens, Swap, Bridge, Staking, Escrow, Rewards, xUSD stablecoin), and emerging verticals (xAssets synthetic real-world-asset platform, xStake cross-chain yield aggregator). Go-to-market is product-led and self-serve, supplemented by community-led growth via ambassador grants, the CrossFi Evolution Hackathon, and creator rewards, plus channel distribution through CEX listings (MEXC, HTX) and DEX listings (Uniswap, PancakeSwap). Defensive moats include ten registered patents (EC-01-004608 through EC-01-004621) covering 181 countries with 70-year protection, PCI DSS Version 4.0 certification (Aug 2024), and an Alchemy partnership for dApp infrastructure. Strategic partnerships expanded materially in February 2025 with five DeFi ecosystem agreements. Ownership, funding history, and management team are not disclosed in available sources.

Name

Cross Finance

Legal name

CrossFi Cain s.r.o.

Website

https://crossfi.org

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

Cross Finance is a Web3 banking and Layer 1 blockchain company that provides a non-custodial banking app, crypto debit cards accepted at 100M+ merchants, and DeFi services (swap, staking, xUSD stablecoin) built on its modular Cosmos-plus-EVM CrossFi Chain, serving crypto users, DeFi participants, businesses, and underbanked populations across 90+ countries.

Ownership category

akta.pro rank

Product category

Crypto Banking

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Card Issuing (52221)

SIC

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

akta.pro primary industry

Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)

akta.pro secondary industries

Liquidity Bridges & Cross-Chain Swaps (bridge aggregators, intent-based swaps) (FSAPAKAC), Cross-Chain Wallet & Asset Routing Infrastructure (FSADACAJ), Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Crypto banking services
• Decentralized finance
• Layer 1 blockchain
• Blockchain infrastructure
• Crypto payment cards

Headquarters

HQ city

Kowloon City

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. CrossFi Card Transaction Fees: 2% transaction fee on all CrossFi card purchases. Cards accepted at 100 million+ merchants globally with no other disclosed commissions.
2. Trading/Swap Fees: Transaction fees collected on token swaps within xApp DEX, paid in XFI for operations on the EVM part of CrossFi Chain.
3. CrossFi Foundation Grant Program: $50 million grant program to develop ecosystem, providing funding to developers, validators, and creators building on CrossFi Chain.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels12 records

Core offering

Cross Finance (CrossFi) provides a self-custodial Web3 banking platform built on its own modular Layer 1 blockchain (CrossFi Chain) that combines Cosmos interoperability with EVM smart-contract compatibility. The platform delivers a Web3 banking application, crypto-backed debit cards and business cards, and a suite of DeFi services including swaps, staking, bridges, escrow, and an algorithmic stablecoin (xUSD), enabling users to spend, save, and transact across traditional and decentralized finance rails.

Product overview

Cross Finance offers a Web3 banking and DeFi ecosystem built on its own Layer 1 blockchain (CrossFi Chain). The core infrastructure combines Cosmos and EVM components for scalability and smart contract compatibility. The ecosystem includes Web3 Bank (CrossFi App) as the primary banking interface for crypto banking services, supported by the CrossFi Card and CrossFi Business Card for payments at 100+ million merchants globally. The native token XFI provides access to all services, while MPX and eMPX power the mining/staking mechanism. The xApp DeFi hub integrates Swap, Bridge, LP Tokens, Staking, Escrow, xUSD stablecoin, and Rewards for comprehensive decentralized finance functionality. Additional products include xAssets (synthetic real-world assets) and xStake (cross-chain yield aggregation). The CrossFi Foundation operates a $50M grant program supporting ecosystem growth through developers, validators, and creators.

Differentiator

Problem solved

Functional benefit

Brands

• Web3 Bank (CrossFi App): Online Web3 banking app that combines traditional banking services with web3 security and decentralization
• CrossFi Card
• CrossFi Chain
• xApp
• CrossFi Business Card
• xAssets
• xStake
• XFI
• MPX (Mint Power)
• eMPX
• xUSD
• CrossFi Foundation

Products and services

• Web3 Bank (CrossFi App) Self-custodial Web3 banking application that gives individual crypto users direct control over their assets while offering fiat on/off-ramps and everyday banking features such as spending, saving, and transfers.
• CrossFi Card Crypto-backed debit card (physical and virtual) accepted at 100M+ merchants, charging a 2% transaction fee and offering 2% cashback to individual crypto users for everyday spending of their digital assets.
• CrossFi Business Card Crypto-backed business debit card tailored to companies, freelancers, and corporate users that need to spend crypto or stablecoins at traditional merchants and manage business treasury through the Web3 banking app.
• CrossFi Chain Modular Layer 1 blockchain that combines Cosmos interoperability and EVM smart-contract compatibility, designed to bridge traditional finance and Web3 applications and to host the CrossFi banking and DeFi services.
• xApp Non-custodial DeFi application offering swaps, liquidity provision, staking, bridging, escrow, and rewards for crypto users, designed to operate on top of the CrossFi Chain.
• XFI Token Native utility token of the CrossFi Chain, used for network fees, governance, and ecosystem incentives within the CrossFi banking and DeFi ecosystem.
• xUSD Algorithmic US-dollar-pegged stablecoin issued on CrossFi Chain, designed to maintain a stable value and to be used for payments, settlement, and DeFi transactions within the ecosystem.
• xAssets Synthetic or tokenized-asset offering on the CrossFi Chain that gives DeFi participants exposure to real-world assets within the CrossFi ecosystem.
• xStake Yield-aggregation and staking product that allows users to earn rewards on assets held within the CrossFi ecosystem by staking or providing liquidity.
• MPX Mint Power units used as the core mechanism for issuing and managing assets on the CrossFi Chain and distributed through the dedicated MPX Purchase Platform.
• eMPX Enhanced or extended MPX unit used within the CrossFi ecosystem's minting and asset-management framework.

Quantifiable outcome

• 2% cashback on all card transactions
• +2 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Five Major DeFi FirmscoreStrategic or Co-development Partner · 20 February 2025Five strategic DeFi partnerships announced February 2025 to expand CrossFi DeFi ecosystem, including multiple protocol integrations.
• AlchemycoreTechnology or Integration · 13 September 2024Alchemy partners with Cross Finance to power dApp development on CrossFi Chain. Alchemy provides blockchain infrastructure and development tools for building decentralized applications on the platform.
• MEXCcoreChannel Partner/ Reseller/ DistributorMEXC exchange listing for XFI token providing trading access to users.
• HTXcoreChannel Partner/ Reseller/ DistributorHTX exchange listing for XFI token providing trading access to users.
• UniswapcoreChannel Partner/ Reseller/ DistributorUniswap DEX listing for XFI token providing decentralized trading access.
• PancakeSwapcoreChannel Partner/ Reseller/ DistributorPancakeSwap DEX listing for XFI token providing BSC-based decentralized trading.
• MetaMaskcoreTechnology or IntegrationMetaMask wallet integration allowing users to connect wallets directly to CrossFi accounts for non-custodial crypto banking.
• SumsubcoreTechnology or IntegrationSumsub KYC/verification services for identity verification and compliance.
• CoinListminorChannel Partner/ Reseller/ DistributorCoinList partnership for EVM testnet launch, providing early access platform for testing.
• ForbesminorGTM or Marketing PartnerForbes coverage featuring CrossFi in article 'Democratizing Finance: How Web3 Bridges The Gap For The Underbanked'.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Coinbase: Largest US-regulated crypto exchange with Coinbase Card, on-chain wallet, staking, and Base L2 — a broad incumbent whose card, wallet, and DeFi offerings compete across CrossFi's full product surface, though Coinbase is far larger and more diversified.
• Binance: World's largest crypto exchange by volume, operating Binance Card, Binance Pay, and BNB Chain — a broad incumbent in crypto cards, payments, and L1 blockchain, comparable to CrossFi's full stack but at vastly greater scale and with different regulatory exposures.

Emerging players

• Transak: Web3 onboarding infrastructure providing fiat-to-crypto ramps across 160+ countries — comparable to CrossFi's non-custodial payment-gateway and card on-ramp vision, though Transak focuses more on developer APIs than consumer banking.

Direct peers

• BitPay: Established crypto payment gateway enabling merchants and consumers to send/receive crypto and spend via the BitPay Card — competes directly with CrossFi's non-custodial crypto-to-fiat payment gateway and card products.
• Wirex: Crypto payments network offering multi-currency debit cards, in-app token swaps, and a non-custodial Web3 wallet — a direct peer in cross-border crypto spending and Web3 banking with similar global card-acceptance positioning.
• Crypto.com: One of the largest crypto card issuers globally (Crypto.com Visa Card) and operator of a crypto-native banking super-app with staking, swap, and earn products — directly competes with CrossFi across consumer crypto cards, Web3 banking, and DeFi services.
• Nexo: Crypto-backed lending and wealth platform with the Nexo Card for crypto-backed spending — competes with CrossFi in the crypto-card-plus-banking segment and offers a similar 'crypto as everyday money' value proposition.
• MoonPay: Major crypto on/off-ramp and payments infrastructure provider with NFT checkout and card-linked purchases — overlaps with CrossFi's payment-gateway and fiat-on-ramp functionality targeting global consumer crypto spending.
• Alchemy Pay: Crypto payment gateway and on/off-ramp provider supporting 300+ fiat currencies and a crypto-linked Visa card — closely comparable to CrossFi's payment-gateway and card model, particularly in cross-border crypto-to-fiat flows.
• Strike: Bitcoin-native payments app with a debit card and global remittance product — directly comparable to CrossFi's cross-border crypto spending use case, particularly for users wanting crypto-as-fiat everyday utility.

Market position

Strengths4 records

Weaknesses2 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/crossfichain
• GitHubgithub.com/crossfichain
• YouTubeyoutube.com/channel/UCjRmS5kRmkH-qBTrAR73uLA
• Facebookm.facebook.com/crossfiofficial
• LinkedInlinkedin.com/company/crossfichain/about
• TikToktiktok.com/@cross.finance?_t=8hZemMgjyZm&_r=1

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Cross Finance