Conduit

What Conduit does

Conduit is a cross-border payments infrastructure company that provides a single API for orchestrating fiat and stablecoin money movement across multiple banking and blockchain rails. The company enables fintechs, payment service providers, banks, and enterprise treasury teams to issue named USD accounts, hold and manage multicurrency balances (USD, EUR, GBP plus stablecoins such as USDC, USDT, and USDH), and execute payouts and pay-ins across 100+ countries via rails including FedNow, Fedwire, SWIFT, SPEI, PIX, SEPA, RTP, and RTGS. Its core technology rests on a multi-bank execution network with 8 US banking partners and 20+ regulated banking partners globally, routed for uptime, cost, and compliance, with built-in KYB/AML, transaction monitoring, and regulatory compliance handling by default. End-customer USD accounts are provisioned near-instantly (T+0) via API without manual review for standard KYC.

Conduit's product surface consists of three core offerings: the Global USD API for B2B2B and B2B2C fintechs embedding accounts and rails into their platforms; the No-Code Treasury Dashboard for payments operations and finance teams managing treasury transactions without technical integration; and Multicurrency Virtual Accounts for holding named fiat and stablecoin balances. The company monetizes primarily through transaction and FX fees on payment processing and currency conversion, plus recurring fees associated with virtual account and wallet services, with competitive volume-based tiered pricing and claims of up to 22% lower FX costs versus traditional cross-border methods.

The company is incorporated as Conduit Technology, Inc., a Delaware C-Corp, with operating registrations as an MSB with FinCEN in Montana and FINTRAC in Canada, plus compliance posture under GLBA, GDPR, CCPA, PIPEDA, and LGPD. It maintains a wholly-owned Brazilian subsidiary (Conduit Paga Brasil Ltda) and operates with a headcount of 1-10 employees based primarily in the United States. Conduit has raised approximately $36M+ across a $17M seed round led by Portage Ventures (May 2024), a $6M seed extension led by Helios Digital Ventures (August 2024), a Y Combinator-backed round in April 2025, and a $36M Series A in May 2025 led by Altos Ventures and Dragonfly Ventures. Distribution is anchored by partnerships with Onafriq (Africa), Yuno (global merchants), Fireblocks (wallet infrastructure), and Circle Payments Network (USDC settlement), with a customer base including Waza, Moniepoint, Fondeadora, Mercado Bitcoin, Takenos, PPro, WeWire, OpenDoors, and TapTap.

Name

Conduit

Legal name

Conduit Technology, Inc.

Website

https://conduitpay.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Conduit provides stablecoin-powered APIs and infrastructure for cross-border payments, foreign exchange, and multi-currency accounts, serving fintechs, payment service providers, banks, and enterprises across 100+ countries via a single multi-bank, multi-rail integration.

Ownership category

akta.pro rank

Product category

Cross-border Payments Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

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

akta.pro primary industry

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)

Keywords

• Cross-border payments
• Stablecoin API
• Embedded finance
• Multi-currency accounts
• Payment infrastructure

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing & Transaction Fees: Revenue generated from payment processing and cross-border transactions. Competitive, tiered pricing based on volume. Includes fees for pay-ins, pay-outs, and currency conversion.
2. USD Account Services: Fees for virtual accounts, named USD accounts, virtual IBANs, and crypto wallets for holding stablecoins.
3. FX Conversion: Revenue from foreign exchange conversions between fiat currencies and stablecoins with real-time competitive rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Conduit provides a unified cross-border payments platform combining fiat and stablecoin capabilities, delivered through a Global USD API for embedded finance integrations and a No-Code Treasury Dashboard for direct treasury management. Both products share access to Multicurrency Virtual Accounts (USD, EUR, GBP plus USDC, USDT, USDH stablecoins) and connect to multiple payment rails (FedNow, Fedwire, SWIFT, SPEI, PIX, SEPA, RTP, RTGS) through a multi-bank execution network.

Product overview

Conduit offers a unified cross-border payments platform combining fiat and stablecoin capabilities. The core offering consists of the Global USD API for embedded finance integrations and the No-Code Treasury Dashboard for direct treasury management. Both products share access to Multicurrency Virtual Accounts, enabling businesses to hold and manage USD, EUR, GBP alongside stablecoins (USDC, USDT) through a single platform, with connections to Fednow, Fedwire, SWIFT, SPEI, PIX, and SEPA payment rails.

Differentiator

Problem solved

Functional benefit

Products and services

• Global USD API A single REST API enabling B2B2B and B2B2C fintechs to embed USD accounts, payments, wallets, and FX into their products, supporting fiat-to-stablecoin orchestration across multiple payment rails including FedNow, Fedwire, SWIFT, SPEI, PIX, and SEPA. Built for fintechs, payment service providers, and large enterprises with full sandbox access for testing and T+0 end-customer onboarding.
• No-Code Treasury Dashboard A web-based application for payments operations and finance teams to manage company treasury transactions, including account management, manual operations, and fast international payments without requiring technical integration. Built for treasury teams, finance departments, and quick deployments.
• Multicurrency Virtual Accounts A virtual account feature enabling businesses to hold USD, EUR, and GBP in named virtual accounts as well as multiple stablecoins (USDC, USDT) in secure wallets. Includes Corporate Treasury Accounts for dedicated multi-currency corporate operations and Customer Virtual Accounts for issuing unique accounts to end customers, available through both web app and API.

Quantifiable outcome

• 22% lower FX costs compared to traditional cross-border payment methods
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• YunocoreTechnology or Integration · 3 March 2026Partnership enables stablecoin-based international payments for Yuno merchants. Settlement times of 15-20 minutes at significantly lower costs compared to traditional SWIFT transfers. Provides virtual USD, EUR, and GBP accounts for global merchants. Allows businesses to expand globally without establishing costly local banking relationships.
• OnafriqflagshipTechnology or Integration · 1 February 2026Partnership integrates Conduit's global stablecoin infrastructure into Onafriq's network spanning 40+ African countries, 1 billion mobile money wallets, and 500 million bank accounts. Enables instant cross-border transactions using blockchain-backed stablecoins. Onafriq uses the technology to streamline global treasury management and accelerate customer payouts. Conduit reported 80% growth in African customer base between Q3 and Q4 2025.
• FireblockscoreTechnology or IntegrationConduit uses Fireblocks infrastructure for wallet solutions at scale. Fireblocks is a leading digital asset custody and payment infrastructure provider. Partnership enables Conduit to operationalize wallet solutions for cross-border payments.
• Banking Partners NetworkflagshipTechnology or IntegrationPartnership with over 20 regulated banks globally, including 6 live banking partnerships in the United States. Multi-bank execution network routed for uptime, cost, and compliance with no single point of failure.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Wise: Wise (formerly TransferWise) is the dominant multi-currency account and cross-border payments platform for consumers and businesses. It is a direct competitor to Conduit's multi-currency virtual accounts and global payout rails, though Wise owns its rails rather than orchestrating via partner banks and stablecoins.
• Circle: Circle is the issuer of USDC and operates the Circle Payments Network for cross-border settlement. Conduit integrates with Circle but also competes with it: both offer USDC-based payout infrastructure to fintechs, with Circle increasingly moving upstream into the orchestration layer Conduit occupies.
• Yellow Card: Yellow Card is a stablecoin-powered cross-border payments platform focused on Africa, similar to Conduit's emerging-market positioning. Both serve fintechs and PSPs needing USD access in African corridors, making them direct peers in the regional stablecoin-rail category.
• Ripple: Ripple (XRP/RippleNet, RLUSD stablecoin) provides cross-border payments and FX services for banks and fintechs using blockchain-based settlement. Conduit competes directly with Ripple in the bank-correspondent and stablecoin-based cross-border segment, though Ripple is significantly larger and has its own native token infrastructure.
• TerraPay: TerraPay is a cross-border payments infrastructure company connecting bank accounts, mobile wallets, and cards across emerging markets. It competes with Conduit for fintech and PSP customers needing multi-currency, multi-rail cross-border payouts, particularly in Africa, LatAm, and Asia corridors.
• Onafriq: Onafriq (formerly MFS Africa) is Africa's largest digital payments network, connecting 40+ countries, 1B+ mobile money wallets, and 500M+ bank accounts. Although Conduit's flagship partner, Onafriq also operates its own cross-border payment and stablecoin products, making it both a partner and a comparable peer in African payment infrastructure.

Broad incumbents

• Stripe (Bridge): Stripe acquired Bridge (a stablecoin API platform) for ~$1.1B in 2024 and is building stablecoin orchestration into its core payments stack. As the largest payment orchestration player, Stripe is both a potential distribution partner and the most significant competitive threat to Conduit's API-first positioning.
• PayPal: PayPal operates Xoom, Venmo, and PYUSD stablecoin, serving cross-border consumer and business payments globally. It overlaps with Conduit's USD account, multi-currency, and stablecoin orchestration offerings, though PayPal is a consumer-facing incumbent rather than an API-first infrastructure player.
• Fireblocks: Fireblocks is a leading digital asset custody and payments infrastructure provider used by Conduit itself for wallet infrastructure. As a broader incumbent in the digital-asset stack, Fireblocks competes with Conduit for stablecoin wallet and payout business from institutional fintechs.

Regional players

• Bitso: Bitso is the largest crypto exchange and payments company in Latin America, with deep PIX, SPEI, and local rail coverage. It overlaps with Conduit's LatAm customer base (Fondeadora, Mercado Bitcoin) and emerging-market USD access use cases, but operates primarily as an exchange rather than an orchestration API.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ConduitPayments
• LinkedInlinkedin.com/company/conduit-financial

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds9 records

Investors20 records

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 Conduit