Fern

What Fern does

Fern is a fintech infrastructure company that provides a unified global money movement platform spanning fiat currencies, stablecoins, cryptocurrencies, and bank rails. Founded in 2024 and headquartered in Delaware with an operational presence in New York City, Fern serves web3-native companies, global SMEs, and developers building fintech applications, enabling onramps, offramps, FX conversion, multi-chain wallets, virtual accounts, and automated KYC/KYB compliance through a single REST API. The platform operates across 6+ blockchains (Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana) and supports money movement in 130+ to 180+ countries, using a proprietary "Multiplex" routing engine to optimize currency conversion paths across licensed liquidity providers, partner banks, and blockchain networks; transaction authorization is secured via Fireblocks MPC and bank account linking via Plaid.

Fern monetizes through a tiered model combining transaction fees (0.10%–1.00% depending on geographic tier and subscription level), subscription plans (Builder at $0/month, Startup Regional at $499/month, Startup Global at $999/month, Enterprise with custom pricing), and unit pricing for ancillary services such as wallet creation ($0.25/wallet) and KYC/KYB verification ($5 per individual, $10 per business). The go-to-market motion is API-first and developer-led: an open-access developer dashboard launched in August 2025 enables self-serve signup without KYB, supplemented by ETHGlobal hackathon sponsorships, a Discord-based community, and the Fern Pathfinders Network of compensated global testers. Fern was acquired by Rain (rain.xyz) in December 2025 and now operates as a subsidiary of the stablecoin infrastructure provider.

Name

Fern

Legal name

Fern Money, LLC

Website

https://fernhq.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Fern provides a unified API platform for global money movement across fiat, stablecoins, cryptocurrencies, and bank rails, serving web3-native companies, global SMEs, and developers with onramps, offramps, FX, and compliance across 6+ blockchains and 130+ countries.

Ownership category

akta.pro rank

Product category

Payments Infrastructure API

NAICS

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

SIC

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

akta.pro industry

PRIMARYFSADAIAE

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks

Financial & Insurance/Crypto & Digital Assets/Payments, Merchant Acquiring & Remittances (Crypto)

SECONDARYFSAGAKAO

Crypto-Enabled Cross-Border Transfers & On/Off-Ramps

Financial & Insurance/Financial Technology (Fintech)/Remittance & Cross-Border Money Movement

SECONDARYFSADAIAK

Settlement, Reconciliation & Merchant Treasury Tools (Crypto)

Financial & Insurance/Crypto & Digital Assets/Payments, Merchant Acquiring & Remittances (Crypto)

SECONDARYBPAMAFAL

Crypto Payments & Stablecoin Settlement Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

Keywords

• Global payments API
• Cryptocurrency on offramp
• Stablecoin infrastructure
• Cross border payments
• Developer fintech platform

Headquarters

HQ city

Middletown

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction / Currency Conversion Fees: Fees charged as a percentage of transaction amounts based on geographic tier. Tier 1 (US, Europe) Builder: 0.50%, Startup: 0.25%, Enterprise: 0.10%. Tier 2 (LatAm) Builder: 0.75%, Startup: 0.50%, Enterprise: 0.25%. Tier 3 (APAC, MENA, Africa) Builder: 1.00%, Startup: 0.75%, Enterprise: 0.40%. Additional gas fees for blockchain transactions and wire/ACH fees for fiat transfers.
2. Subscription Plans: Three main subscription tiers: Builder ($0/month), Startup Regional ($499/month), Startup Global ($999/month), and Enterprise (custom pricing). Each tier includes progressively lower FX fees and additional features such as virtual accounts and whitelabeled notifications.
3. Wallet Creation Fees: On the Builder tier, wallet creation is charged at $0.25 per wallet. KYC/KYB verification: $5 per individual, $10 per business.
4. Enterprise Licensing & Custom Solutions: Enterprise tier includes card issuance and yield revenue share options. Custom pricing for large-scale deployments.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Fern provides a unified global money movement API platform that enables developers and businesses to move money across fiat currencies, stablecoins, cryptocurrencies, and bank rails. The platform delivers any-to-any currency conversion via a multiplex routing engine, multi-chain wallets, multi-currency virtual accounts, global on/offramps, and built-in KYC/KYB compliance, all accessible through a single REST API with self-serve developer onboarding.

Product overview

Fern is a unified global money movement platform combining fintech and web3 infrastructure. The core offering consists of the Fern Global Money Movement Platform, which integrates the Fern API for developer access, Fern Wallets supporting 6+ blockchain networks (Ethereum, Arbitrum, Base, Optimism, Polygon, Solana), the Fern Neobank Account for fiat/crypto management, and a multi-currency Virtual Accounts system. Key modules include KYC/KYB Compliance for customer onboarding, the Fern Multiplex for intelligent any-to-any currency routing, Automation Rules for scheduled/threshold-based transactions, and Webhooks for event notifications. The Developer Dashboard provides self-service API access with Builder tier pricing. Fern operates under Rain (rain.xyz) following its acquisition in December 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Fern Global Money Movement Platform

Quantifiable outcome

• Go live with global money movement API in under a week (3 API calls)
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature9 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• OtoCominorGTM or Marketing PartnerPartner in the Fern ecosystem. OtoCo provides on-chain company incorporation services. Fern customers gain automatic access to exclusive partner perks when signing up for Fern.
• LoopminorGTM or Marketing PartnerPartner enabling Fern customers to checkout with crypto. Loop provides crypto checkout infrastructure integrated with Fern's payment ecosystem. Fern customers gain automatic access to exclusive partner perks.
• R3gen FinanceminorGTM or Marketing PartnerPartner providing bookkeeping and tax services for Fern customers. R3gen Finance streamlines financial operations. Fern customers gain automatic access to exclusive partner perks when they sign up.
• FireblockscoreTechnology or IntegrationFireblocks MPC (Multi-Party Computation) protocol secures Fern's transaction signers. Core security infrastructure provider for Fern's wallet and transaction signing operations.
• ENS (Ethereum Name Service)coreTechnology or IntegrationFern supports ENS name resolution on Ethereum mainnet, Arbitrum, Base, Optimism, and Polygon networks, including subdomains on L1 and L2s. Users can link wallets or pay contacts using ENS names.
• PlaidcoreTechnology or IntegrationPlaid is used to collect payment account information from financial institutions to enable Linked Accounts on the Platform and process transactions. Core infrastructure for bank account linking.
• ETHGlobalcoreGTM or Marketing PartnerFern participated in ETHGlobal New York 2025 with a prize track challenging developers to integrate the Fern API. Prize winners (PDFi, Tea on Chain, The42) built innovative applications on Fern's infrastructure.
• SWIFTcoreTechnology or IntegrationSWIFT is a supported payment rail for fiat offramps via wire transfers (international) and certain domestic transfers. SWIFT transfers have a minimum of $1,000 and support international wire payments.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Stripe: Stripe is a global payments incumbent now expanding into stablecoin-powered money movement (including via Bridge). It offers overlapping capabilities but as part of a broader payments platform rather than specializing in crypto-native on/off-ramps like Fern.
• Coinbase Developer Platform: Coinbase provides developer APIs for wallets, onramps, and custody as part of a broader exchange and crypto services platform. It overlaps with Fern's API-first money movement offering but competes from a much broader incumbent position.

Direct peers

• BVNK: BVNK provides stablecoin payment infrastructure and cross-border payment APIs for businesses, including on/off-ramps and FX. It is a direct peer in the global stablecoin money movement category Fern serves.
• MoonPay: MoonPay provides fiat-to-crypto on/off-ramps, wallet infrastructure, and payment APIs for global merchants and developers. It directly competes with Fern's onramp/offramp and FX conversion capabilities for crypto-native businesses.
• Alchemy Pay: Alchemy Pay offers crypto on/off-ramp and payment gateway services for merchants and developers globally. It competes with Fern on fiat-crypto payment acceptance and developer-facing APIs.
• Bridge (Stripe-owned): Bridge is a stablecoin orchestration platform providing APIs for issuance, on/off-ramps, and cross-border payments. Acquired by Stripe in 2024/2025, it is the closest direct competitor to Fern's multiplex routing and global money movement API.
• Transak: Transak offers global fiat-to-crypto on/off-ramp infrastructure integrated via SDK and API, covering 150+ countries. It is a directly comparable developer-first on/off-ramp provider competing for the same web3 builder audience as Fern.
• Ramp Network: Ramp Network provides fiat-to-crypto on/off-ramp APIs and payment processing for global users and businesses. It overlaps directly with Fern's API-first onramp and offramp offerings for crypto-native and fintech customers.

Others

• Fireblocks: Fireblocks is the MPC custody provider securing Fern's transaction signing. It is an enabling technology partner/supplier rather than a direct competitor, but also operates an embedded payments network that touches the same on/off-ramp space.

Emerging players

• Paxos: Paxos provides regulated stablecoin issuance, custody, and crypto brokerage APIs. It overlaps with Fern's stablecoin and FX orchestration capabilities but focuses more on issuance and institutional brokerage than global on/off-ramps.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/fernhq_
• YouTubeyoutube.com/@FernHQ
• LinkedInlinkedin.com/company/fernmoney

Revenue estimate

Valuation estimate

Number of profiles

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 Fern