What Genpaid does

Genpaid Tech LTD is a UK-incorporated, non-custodial multichain stablecoin payments platform that enables merchants and payment service providers to accept USDC, USDT, DAI, EURC, BRZ, and other stablecoins across Ethereum, Solana, Binance Smart Chain, and Tron. The platform exposes REST and WebSocket APIs, SDKs in JavaScript, Python, and Go, payment-link and QR-code generation, branded invoicing, automated on-chain settlement detection, and a unified reconciliation dashboard with CSV export. A distinguishing design choice is true non-custody: businesses retain private-key control, while Genpaid supplies KYB templates, OFAC screening, and AML hooks backed by Chainalysis and TRM Labs integrations.

The company's commercial model is transaction-based at a flat 0.15% fee plus network gas (often under $0.01 on L2 networks), distributed via an API-first self-serve model for developers and SMBs, with an implied enterprise sales motion for larger PSPs. Targeted segments include cross-border ecommerce merchants, AI-agent commerce platforms, and regional markets in Argentina, Brazil, Eastern Europe, Africa, and Middle Asia. In March 2026, Genpaid was acquired by Sokin, a UK-based global business payments platform, with founder Ross Kolodyazhnyi appointed Senior VP of AI and Crypto Payments. Post-acquisition, Genpaid's technology stack is being embedded into Sokin's hybrid finance platform, with phased 2026 plans to add stablecoin swaps, embedded merchant acceptance, yield, and expanded API infrastructure. The company operates with 1-10 employees and had been in early-access commercial status at the time of acquisition.

Name

Genpaid

Legal name

Genpaid Tech LTD

Website

https://genpaid.com

Company type

Private

Operating status

Acquired

Headcount range

1–10 employees

Short description

Genpaid is a non-custodial, multichain stablecoin payment platform enabling merchants and PSPs to accept USDC, USDT, and other stablecoins across multiple blockchains, with AI-agent-ready checkout and APIs. Acquired by Sokin in March 2026.

Ownership category

akta.pro rank

Product category

Stablecoin Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Crypto Merchant Acquirers & PSPs (Payment Service Providers) (FSADAIAB)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE), Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK), Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF)

Keywords

• Stablecoin payments
• Crypto payment gateway
• Non-custodial payments
• Merchant payment processing
• AI agent payments

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Fees: Flat 0.15% per transaction plus network gas fees. During early access, gas fees are often less than $0.01 on L2 networks.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Genpaid provides an AI-ready, non-custodial stablecoin payment platform that enables merchants and payment service providers (PSPs) to accept USDC, USDT, DAI, BRZ, and EURC across multiple blockchain networks (Ethereum, Solana, BSC, Tron). The offering includes REST/WebSocket APIs, SDKs in JavaScript, Python, and Go, payment links, QR codes, branded invoices, and on-chain payment auto-detection with real-time reconciliation. The platform is specifically engineered for agentic commerce, allowing autonomous AI agents to discover, price, and pay without additional integration.

Product overview

Genpaid is a single core product: an AI-ready non-custodial stablecoin payment platform that enables merchants and PSPs to accept stablecoin payments (USDC, USDT, DAI, BRZ, EURC) from both humans and AI agents across multi-chain infrastructure (Ethereum, Solana, BSC, Tron). The platform provides a unified dashboard for payment link/QR code generation, branded invoices, on-chain payment auto-detection, and instant reconciliation with CSV export. Key differentiators include true non-custody (businesses control private keys), sub-0.15% transaction fees, agentic commerce capabilities allowing autonomous AI agents to pay without additional code, and compliance tools (KYB templates, OFAC screening, AML hooks). The product was acquired by Sokin in March 2026 and operates as part of Sokin's hybrid finance platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Genpaid Stablecoin Payment Platform AI-ready non-custodial stablecoin payment gateway enabling merchants and PSPs to accept USDC, USDT, DAI and other stablecoins from both humans and AI agents across multiple blockchain networks (Ethereum, Solana, BSC, Tron). Includes payment links, QR codes, branded invoices, on-chain payment auto-detection, and real-time reconciliation with CSV export.
• Genpaid REST/WebSocket APIs and SDKs (JavaScript, Python, Go) Developer-facing API and SDK suite for integrating Genpaid stablecoin payment capabilities into merchant and PSP platforms, including payment link generation, QR code creation, on-chain payment detection, reconciliation data export, and webhook event notifications.

Quantifiable outcome

• Fees reduced to 0.15% per transaction vs 3%+ for card rails
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

AI capability3 records

Feature5 records

Partnerships

One partnership is on record.

• SokinflagshipStrategic or Co-development Partner · 17 March 2026Sokin, a UK-based global business payments platform, acquired Genpaid in March 2026. The acquisition gives Sokin ownership of Genpaid's full stablecoin technology stack including AI-compatible payment capabilities. Genpaid founder Ross Kolodyazhnyi was appointed as Senior VP of AI and Crypto Payments to lead the stablecoin solution. This integrates multi-chain payment infrastructure alongside Sokin's existing regulated payment systems.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• TripleA: TripleA is a MAS-licensed crypto payment gateway enabling merchants to accept crypto (incl. stablecoins) with instant fiat settlement — directly comparable to Genpaid on regulated, merchant-facing stablecoin acceptance with fiat off-ramp across emerging markets.
• Alchemy Pay: Alchemy Pay operates a crypto-fiat hybrid payment network enabling merchants to accept crypto at checkout with fiat settlement, and explicitly targets emerging markets (SEA, LatAm, EMEA) that overlap with Genpaid's geographic focus. Direct competitor in stablecoin merchant acceptance with global coverage.
• BitPay: BitPay is a long-standing crypto payment processor enabling merchants to accept Bitcoin, Ethereum and stablecoins with fiat settlement. Comparable to Genpaid in target merchant base (cross-border ecommerce, PSPs) and in combining stablecoin acceptance with fiat off-ramp tooling.
• Coinbase Commerce: Coinbase Commerce is the most prominent direct competitor to Genpaid: a merchant crypto payment gateway accepting USDC and other stablecoins, serving global merchants with hosted checkout and APIs. Overlap with Genpaid is direct across stablecoin acceptance, multi-chain support and integration depth.
• NOWPayments: NOWPayments is a non-custodial crypto payment gateway supporting 200+ coins including stablecoins across multiple chains, with point-of-sale, invoices and APIs aimed at SMBs and PSPs — a near-1:1 comparable to Genpaid in product surface, fees and merchant positioning.

Emerging players

• Transak: Transak is a fiat-to-crypto on/off-ramp provider integrated into hundreds of dApps and wallets; comparable to Genpaid via its payment-rail integrations (USDC, USDT) and crypto-to-fiat settlement capabilities, though it is more focused on ramps than full merchant checkout.
• BTCPay Server: BTCPay Server is an open-source, self-hosted crypto payment processor popular with merchants wanting non-custodial settlement. It is comparable to Genpaid on the non-custodial architecture axis, though it does not currently match Genpaid's AI-agent payment focus or managed PSP-style SLAs.
• Request Network: Request Network is a crypto payment network enabling invoicing and peer-to-peer crypto payments on-chain with stablecoin settlement; comparable to Genpaid on the crypto-invoice / cross-border-payment use case and on-chain settlement model.

Broad incumbents

• Stripe (USDC support): Stripe is a broad incumbent in merchant payments that has begun supporting USDC on multiple chains, targeting global ecommerce merchants. Comparable to Genpaid in addressing cross-border stablecoin acceptance but at vastly larger scale and as one line item in a comprehensive payments stack.
• Circle (Commerce / Payments): Circle is the issuer of USDC and EURC and has been extending payment-rail and merchant-acceptance capabilities; it overlaps with Genpaid across the USDC/EURC multi-chain stack and as a competing infrastructure layer for stablecoin settlement.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/genpaid

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Genpaid