UniPass

What UniPass does

UniPass is a self-custody crypto wallet developed by Account Labs and headquartered in Singapore, purpose-built for cross-border stablecoin payments. The product targets individual consumers—freelancers, remote workers/digital nomads, Web3 natives, small business owners, and users in high-inflation economies seeking USD-denominated savings—by enabling them to send, receive, and cash out USDC and USDT on the Polygon network. Distribution is exclusively digital and self-serve through mobile apps on iOS and Android, a web application at unipass.id, with onboarding via Google or Apple ID and no KYC requirement.

The wallet's technical architecture combines Polygon-based stablecoin transactions with social recovery via Google account authentication, eliminating the traditional 12-word seed phrase while preserving self-custody. Key capabilities include 13 daily gas-free transfers, transaction fees as low as $0.01, instant settlement within seconds, batch payments to up to 10 recipients, and off-ramp to fiat via card and bank transfer across 170+ countries in 30-50 currencies, powered by an integration with AlchemyPay. UniPass has completed security audits from SlowMist, Salus, Secure3, and Blocksec during 2023.

UniPass operates a product-led, direct-to-consumer go-to-market with a freemium transaction-fee revenue model: 13 gas-free transfers are provided daily at no charge, after which small per-transaction fees apply, supplemented by fees on off-ramp services. Account Labs, the parent entity, raised $7.7M in seed funding in October 2023 amid the post-FTX self-custody wallet boom, positioning UniPass to scale adoption among consumer segments underserved by traditional cross-border payment rails.

Name

UniPass

Legal name

UniPass

Website

https://unipass.id

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

UniPass is a Singapore-based self-custody crypto wallet built by Account Labs that enables freelancers, remote workers, Web3 natives, and small businesses to send, receive, and cash out USDC and USDT stablecoins on Polygon with gas-free transfers, no KYC, and social recovery via Google account.

Ownership category

akta.pro rank

Product category

Crypto Wallet / Stablecoin Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

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

akta.pro primary industry

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

akta.pro secondary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Stablecoin payments
• Crypto wallet
• Self-custody wallet
• Cross-border payments
• Web3 payments

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Transaction Fees: Charges transaction fees for stablecoin transfers. Transaction fees as low as $0.01 per transaction. 13 gas-free payments provided daily, suggesting a freemium-like model where basic usage is free and fees apply beyond the free tier.
2. Off-Ramp Services: Revenue from facilitating cash-out services including card payments and bank transfers for users converting stablecoins to fiat currency across 170+ countries.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

UniPass provides a self-custody crypto wallet (mobile and web app) that lets users send, receive, and cash out USDC and USDT stablecoins on the Polygon network. Key differentiators include Google-account-based social recovery (no seed phrases), no KYC requirements, 13 daily gas-free transfers, instant settlement, batch payments to up to 10 recipients, and multi-currency fiat off-ramp via AlchemyPay covering 170+ countries. The product targets freelancers, remote workers, digital nomads, Web3 natives, and individuals seeking USD inflation protection.

Product overview

UniPass is a single unified product — a self-custody crypto wallet and stablecoin payment solution designed for freelancers, remote workers, digital nomads, and individuals seeking to hold assets in US dollars. The product consists of the UniPass Wallet as its core offering, available as both a mobile app (iOS and Android) and a web application. Key differentiating features include gas-free daily transfers (up to 100 times more affordable than traditional payment methods), instant settlement within seconds, and seamless off-ramp capabilities supporting 170+ countries and 30-50 currencies via card, bank transfer, and other methods. The wallet uses social recovery via Google account, eliminating the need for traditional 12-word seed phrases while maintaining full self-custody where neither UniPass nor any third party can access user funds.

Differentiator

Problem solved

Functional benefit

Products and services

• UniPass Wallet Self-custody crypto wallet available as iOS, Android, and web applications, enabling individual users to send, receive, and cash out USDC and USDT stablecoins on the Polygon network. Provides Google-based social recovery, no KYC, gas-free daily transfers, instant settlement, batch payments to up to 10 recipients, and fiat off-ramp via AlchemyPay across 170+ countries.

Quantifiable outcome

• 10x cheaper than traditional payment methods
• +4 more outcomes

Named customers4 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

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• AlchemyPaycoreTechnology or IntegrationAlchemyPay is integrated into UniPass's payment flow as the off-ramp provider for converting stablecoins to fiat currency. Users can transfer funds via the AlchemyPay network when cashing out.
• PolygoncoreTechnology or IntegrationPolygon is the underlying blockchain network for UniPass wallet operations, supporting USDC and USDT stablecoin transactions with low fees.
• Account LabscoreOthersAccount Labs is the company behind UniPass, having raised $7.7M in funding as reported by TechCrunch in October 2023.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• MetaMask: The most widely used self-custody smart contract wallet, now expanding into card payments, swaps, and portfolio features. Comparable to UniPass as a smart-contract-based wallet serving retail crypto users, with similar social-recovery and AA aspirations.
• Rainbow: Ethereum-focused self-custody wallet known for consumer-grade UX. Comparable to UniPass's emphasis on simplified onboarding and design-led wallet experience for retail users.
• Phantom: Multi-chain self-custody wallet with strong consumer UX and growing payment features. Comparable to UniPass as a smart-contract wallet targeting mainstream crypto users with simplified onboarding.
• Argent: Pioneered social recovery and account abstraction for retail crypto wallets on StarkNet and zkSync. Directly comparable to UniPass's social-recovery, seedless, self-custody positioning and is one of the closest conceptual peers in the AA wallet category.
• Trust Wallet: Multi-chain self-custody wallet owned by Binance with broad token support and built-in DEX access. Comparable to UniPass as a consumer-focused crypto wallet with on-ramp and off-ramp integration.

Emerging players

• Gnosis Pay: Self-custody crypto-to-fiat payment card and wallet built on Gnosis Chain. Comparable to UniPass in combining self-custody with seamless fiat off-ramp and a payments-first wallet design.
• Strike: Bitcoin and stablecoin payments app focused on instant, low-fee global transfers. Comparable to UniPass on the stablecoin payment value proposition and freelancer/remittance use cases, though Strike operates with KYC and a regulated fiat footprint.

Broad incumbents

• Wirex: Crypto-backed card and multi-currency wallet serving cross-border payments and remittances across 130+ countries. Comparable to UniPass on the multi-currency off-ramp and freelancer/remit persona, but with a regulated, KYC-compliant model.
• Coinbase Wallet: Self-custody wallet from the largest US crypto exchange, with broad multi-chain support and fiat on/off-ramps. Comparable to UniPass on the wallet and off-ramp axes, but with vastly deeper resources, regulatory standing, and user base.

Regional players

• Bitnob: Stablecoin-based remittance and savings platform focused on African corridors, serving freelancers and remote workers. Comparable to UniPass on the stablecoin off-ramp for digital nomads and cross-border salary use case, though regionally concentrated.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/UniPassWallet
• GitHubgithub.com/UniPassID
• LinkedInlinkedin.com/company/unipassid

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 UniPass