Offramp
Offramp provides instant USD banking, a Visa debit card, and a non-custodial USDC wallet for freelancers and remote workers in Latin America, enabling sub-5-second settlement from platforms like Deel, Upwork, and Fiverr without requiring a US LLC.
- Company typePrivate
- Founded2022
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Offramp does
Offramp is a financial technology platform that provides USD banking infrastructure, Visa debit cards, and crypto wallet services to freelancers and remote workers in Latin America. The company enables users to receive payments from international freelance platforms — including Deel, Upwork, Fiverr, Toptal, Rippling, Freelancer, Oyster, and Patreon — in a real USD bank account with routing details, with settlement demonstrated in under 5 seconds (versus 1–5 business days for incumbents such as Payoneer, Wise, Bitso, and Lemon Cash). Users can hold USD balances, spend globally via a Visa card accepted at 150M+ merchants, withdraw USDC across 13 EVM chains plus Solana at zero fee, send funds via Pix (Brazil) and CLABE (Mexico), and earn yield on USD balances backed by U.S. Treasury bills. The platform is operated by Elendil Capital sp. z o.o., a Polish private limited company registered as a Virtual Asset Service Provider (VASP), and supports six primary LATAM markets: Mexico, Argentina, Colombia, Brazil, Chile, and Peru.
The technology stack combines non-custodial crypto wallet infrastructure with regulated banking partnerships — Rain for card program services, Third National (Puerto Rico) as the Visa card issuer, Manteca/Sixalime for QR payment rails in Brazil and Mexico, Sumsub for KYC, and Flagright for AML transaction monitoring. The platform is SOC 2 aligned, end-to-end encrypted, and GDPR compliant. Core products include the Offramp Multi-Currency USD Account, the Offramp Visa Spend Card (physical and virtual), and the Offramp Business Account for companies operating internationally, with add-on modules for crypto withdrawal, fractional U.S. stock investment (via Dinari tokenization), USD Treasury yield, and bank withdrawal.
Offramp generates revenue primarily through transaction fees: 0.5% on ACH transactions, $20 plus 0.5% on wire transfers, and up to 1% plus $0.30 on foreign exchange and cross-border card transactions. A one-time $100 physical card issuance fee and ancillary card-related fees (collateral liquidation, returned payments up to $29) contribute additional revenue. The company employs a product-led growth model with no sales team, supplemented by a creator partnership program (40+ LATAM influencers enrolled) and a UGC reward program paying $50–$500 per user-generated video. Distribution is entirely self-serve via iOS app and web dashboard, with business accounts onboarded through a waitlist. The company was founded in 2022 and has 1–10 employees.
Offramp firmographics
Firmographics- Name
- Offramp
- Legal name
- Elendil Capital sp. z o.o.
- Website
- https://offramp.xyz
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Offramp provides instant USD banking, a Visa debit card, and a non-custodial USDC wallet for freelancers and remote workers in Latin America, enabling sub-5-second settlement from platforms like Deel, Upwork, and Fiverr without requiring a US LLC.
- Ownership category
- akta.pro rank
Offramp industry classification
Industry- Product category
- Cross-border payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Card Issuing (52221)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Payroll & Contractor Payments (Crypto) (FSADAIAH)
- akta.pro secondary industries
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Card-Based Cross-Border Payments & FX Settlement (FSAMAIAD), Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF)
Keywords
Where Offramp is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices1 record
Markets served
Offramp business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- ACH Transaction Fee: 0.5% fee on ACH transactions processed through the platform. This is the primary transaction-based revenue stream.
- Wire Transfer Fee: $20 + 0.5% on wire transactions. Higher-fee tier for faster, higher-value transfers.
- Crypto Withdrawal (Zero-Fee): 0% fee for USDC withdrawals to any wallet (13 EVM chains + Solana). No direct fee revenue here; used as a differentiator.
- Card Foreign Exchange & Cross-Border Fees: Foreign exchange and cross-border fees up to 1% + $0.30 per transaction on non-USD Visa purchases. Revenue from FX spread on card spend in foreign currencies.
- Physical Card Issuance Fee: Physical card issuance fee set at USD 100. One-time fee charged at card ordering.
- Card Fees (Liquidation, Returned Payment): Collateral liquidation fees and returned payment fees (up to $29) apply for certain card-related events.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Core Account — No monthly fee |
| Other | Pay-as-you-go | Transfer Limits |
| Other | Pay-as-you-go | Offramp Visa Spend Card |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Offramp product offering
Product offeringCore offering
Offramp provides freelancers and remote workers in Latin America with a real USD bank account that receives payments from freelance platforms (Deel, Upwork, Fiverr, Toptal, Rippling, Freelancer, Oyster, Patreon) in seconds, typically under 5 seconds versus the 1-5 business day ACH settlement of legacy competitors. The platform pairs this account with a non-custodial USDC crypto wallet supporting 13 EVM-compatible chains plus Solana, a physical and virtual Visa debit card accepted at 150M+ merchants worldwide, US Treasury-backed yield on idle USD balances, and local-currency withdrawal rails including Pix (Brazil) and CLABE (Mexico). All of this is delivered without requiring users to form a US LLC, retain a US registered agent, or maintain a US address.
Product overview
Offramp is a financial technology platform providing a unified multi-currency account ecosystem centered on USD banking, instant international payments, and crypto accessibility. The core offering consists of the Offramp Multi-Currency USD Account (enabling fast payments from freelance platforms like Deel, Upwork, Fiverr, Toptal, and Freelancer), the Offramp Visa Spend Card (physical and virtual, accepted at 150M+ merchants), and the Offramp Business Account (for companies with corporate Visa and team controls). These are supported by add-on modules including crypto wallet withdrawal (13 EVM chains + Solana, 0% fee), Pix/QR payments for Brazil and Mexico, US stock investment (via Dinari), bank withdrawal options, and USD yield from Treasury bills. The platform also offers creator monetization through its Creator Partnership Program and UGC Program. The product ecosystem is built on non-custodial crypto infrastructure with SOC 2 alignment and regulated banking partners.
Differentiator
Problem solved
Functional benefit
Products and services
- Offramp Multi-Currency USD Account
Quantifiable outcome
- Payment settlement in ~3.96 seconds (median, compared to 1–3 days for Payoneer, Wise; 3 days for Bitso; 5 days for Lemon Cash)
- +2 more outcomes
Companies that use Offramp
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
Offramp technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration21 records
Feature7 records
Offramp partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- RaincoreRain provides card program infrastructure and services for the Offramp Spend Card. Rain's terms are referenced in the Offramp Terms of Service as a third-party partner governing card program rules. Rain is listed in the card terms alongside Third National as an issuer and collaborator.
- Manteca (Sixalime S.A.S.)coreManteca (operated by Sixalime S.A.S., a VASP registered with Argentina's CNV) provides the QR payment service (Pix, CLABE) integrated into the Offramp app. Users can pay anyone in Brazil (Pix) or Mexico (CLABE) via QR code 24/7. Manteca terms are incorporated as supplemental terms in Offramp's platform agreement.
- Third NationalcoreThird National (Puerto Rico) is the payment card issuer for the Offramp Visa Spend Card. Cards are issued under license from Visa. Third National is also referenced in the Spend Card Terms as the issuer with regulatory oversight and the creditor responsible for funding purchases. Listed in the sub-processor list under 'Payment card issuer'.
- SumsubcoreIdentity verification and AML screening partner. Sumsub verifies user identities during onboarding (KYC) and performs ongoing AML screening against sanctions and PEP lists. Jurisdiction: United Kingdom.
- FlagrightcoreTransaction monitoring and AML screening partner. Flagright provides continuous transaction monitoring for financial crime detection and AML compliance. Jurisdiction: Singapore.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Offramp competitors and assessment
Company assessmentBroad incumbents
- Payoneer: Long-standing freelancer/contractor payments platform cited on Offramp's comparison page. Provides USD receiving accounts to freelancers globally; competes for the same Deel/Upwork/Fiverr contractor payout flow that Offramp targets, though with traditional 1-3 day settlement.
- Wise (formerly TransferWise): Global cross-border payments incumbent explicitly named on Offramp's comparison page as a 1-3 day competitor. Offers multi-currency accounts and USD receiving details to freelancers worldwide; Offramp's speed claim is calibrated against Wise's ACH delays.
- Crypto.com: Global crypto card issuer and exchange with a Visa debit card and multi-currency wallet. Serves the same crypto-card + spend abroad use case as Offramp, though at much greater scale and with a broader geographic footprint beyond LATAM.
Direct peers
- Bitso: Major LATAM crypto exchange and payments platform offering cross-border transfers, a Visa debit card, and US dollar accounts. Directly competes with Offramp in Mexico, Argentina, Brazil, and Colombia for freelancer and cross-border payment use cases, with a much larger balance sheet and established brand.
- Belo: Argentina-based crypto onramp and dollar savings app with a card product and global USD payments. Targets the same LATAM freelancer and saver segment as Offramp with comparable USD balance + card + cross-border send use cases.
- Wirex: Global crypto-backed Visa debit card and multi-currency account provider. Overlaps with Offramp on crypto card, USD balance, and multi-chain wallet features, targeting crypto-curious users across emerging markets.
- Ripio: LATAM-focused crypto platform offering exchange, cards, and cross-border payments across Argentina, Brazil, and Mexico. Comparable product breadth (USD account, crypto card, onramp) and similar target customer of crypto-curious LATAM users and freelancers.
- Lemon Cash: Argentina-based crypto fintech offering a Visa debit card, dollar accounts, and on/off-ramp for LATAM users. Competes head-to-head with Offramp on the "faster cross-border payment + crypto card" wedge for freelancers, with similar startup-stage profile.
Others
- Bridge (bridge.xyz): Stablecoin payment infrastructure partner for Offramp that also offers its own business-facing USD/stablecoin account product. Comparable stablecoin-to-fiat payment rails and USDC wallet support, with Bridge being infrastructure-first while Offramp is consumer-first.
- Rain: Crypto-backed card and banking-as-a-service provider that is also a core infrastructure partner for Offramp's Visa Spend Card. Comparable product surface (crypto card, USD balance, stablecoin rails) but positioned as a B2B program manager rather than a direct-to-consumer freelancer brand.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key highlights7 records
Customer concentration
Offramp social profiles
Digital presenceOfframp compliance and trust
Trust signalCompliance5 records
Offramp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Offramp leadership team
Management profileNumber of profiles
Profiles1 record
Offramp funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Offramp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Offramp
What does Offramp do?
Offramp provides freelancers and remote workers in Latin America with a real USD bank account that receives payments from freelance platforms (Deel, Upwork, Fiverr, Toptal, Rippling, Freelancer, Oyster, Patreon) in seconds, typically under 5 seconds versus the 1-5 business day ACH settlement of legacy competitors. The platform pairs this account with a non-custodial USDC crypto wallet supporting 13 EVM-compatible chains plus Solana, a physical and virtual Visa debit card accepted at 150M+ merchants worldwide, US Treasury-backed yield on idle USD balances, and local-currency withdrawal rails including Pix (Brazil) and CLABE (Mexico). All of this is delivered without requiring users to form a US LLC, retain a US registered agent, or maintain a US address.
Is Offramp a public or private company?
Offramp is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Offramp founded?
Offramp was founded in 2022. It employs 1 to 10 people.
Where is Offramp based?
Offramp is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does Offramp make money?
Six revenue lines are on record. ACH Transaction Fee is the primary driver. The others are wire Transfer Fee, crypto Withdrawal (Zero-Fee), card Foreign Exchange & Cross-Border Fees, physical Card Issuance Fee and card Fees (Liquidation, Returned Payment).
Who are Offramp's main competitors?
Broad incumbents on record are Payoneer, Wise (formerly TransferWise) and Crypto.com. Direct peers are Bitso, Belo, Wirex, Ripio and Lemon Cash. Others are Bridge (bridge.xyz) and Rain.
Does Offramp have an API?
Yes. Offramp offers API integrations for user-facing features. The privacy policy mentions API integrations with Plaid and Chainlink that allow the platform to access specific financial data with explicit user consent, including bank account information, transaction history, account balances, and other financial details. These integrations enable users to purchase Crypto Funds in exchange for fiat currency before depositing into their account. The terms of service also reference that API access, batch processing, or technical integration features may be made available to Business Customers, subject to separate technical, operational, commercial, and security requirements.
What industry is Offramp in?
Offramp's product category is Cross-border payments. Its primary akta.pro industry code is FSADAIAH, Payroll & Contractor Payments (Crypto), with a secondary code of FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 522320 and its SIC code is 6200.