Payy
- Company typePrivate
- Founded2023
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
Payy firmographics
Firmographics- Name
- Payy
- Legal name
- Payy
- Website
- https://payy.network
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Payy industry classification
Industry- Product category
- Stablecoin Payments Infrastructure
- NAICS
- Credit Card Issuing (52221)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)
- akta.pro secondary industries
- Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where Payy is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Payy business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Transaction/Network Fees: Payy Network processes stablecoin transactions through its private L2. Revenue is derived from transaction fees on payments, transfers, and settlement processed through the network, including fees on wallet-to-wallet transfers, Payy Links, card spend, and cross-border movement.
- Payy Card Spend: Payy Card enables Visa purchases converting wallet stablecoin balances to fiat spend. Revenue likely derives from interchange fees and spread on currency conversion between stablecoin and local fiat currencies during card transactions.
- Enterprise/Platform Licensing: Payy targets financial institutions and fintech platforms seeking private stablecoin infrastructure, potentially generating revenue through platform fees, API usage fees, or licensing arrangements for embedding the Payy Network privacy rail.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Payy product offering
Product offeringCore offering
Payy provides private-by-default stablecoin payments infrastructure built on an Ethereum Layer 2 rollup using zero-knowledge proofs. The company offers consumer products including a self-custodial wallet (Payy Wallet) and a non-custodial Visa card (Payy Card), alongside an enterprise-grade platform (Payy Network) with SDK and APIs that allow financial institutions, fintech platforms, and developers to embed private stablecoin functionality into their own applications.
Product overview
Payy is a private stablecoin payments infrastructure company offering a platform-plus-modules architecture. The core product stack consists of Payy Network (Ethereum Layer-2 with privacy pools), Payy Wallet (self-custodial private stablecoin wallet), and Payy Card (Visa card for spending stablecoins). These consumer-facing products are built on top of platform modules including Privacy Layer, PrivacyBridge, Provers, Sequencers, ZK Circuits, Smirk Tree, Polylang, Payy Transactions, Key Management System, Payy Client, and Guild. Payy Links enables URL-based stablecoin transfers. Beam is an agentic CLI wallet for autonomous software. The platform uses zero-knowledge proofs, UTXO-style private notes, and EVM compatibility to enable private stablecoin transactions for businesses, developers, and fintech platforms.
Differentiator
Problem solved
Functional benefit
Brands
- Payy Network: Privacy-focused Ethereum Layer 2 stablecoin blockchain using zero-knowledge proofs.
- Payy Wallet
- Payy Card
- Beam
- Guild
- Solid
- PrivacyBridge
- SMIRK
- Polylang
Products and services
- Payy Network Ethereum Layer-2 rollup that routes ERC-20 transfers through privacy pools by default, enabling private-by-default stablecoin transactions while maintaining EVM compatibility. Targets institutions and fintech firms seeking to move capital onchain while limiting public transaction traceability.
- Payy Wallet Self-custodial wallet for managing private stablecoin balances and transfers with KYC support, enabling users to hold, send, and receive USDC with privacy protection.
- Payy Card Visa-branded debit card linked to Payy Wallet, enabling private stablecoin balances to be converted and spent at merchants worldwide where Visa is accepted.
- Payy Links (Cash Links) URL-based stablecoin transfer mechanism enabling users to send payments via shareable links. The receiver claims the funds asynchronously, simplifying cross-border value movement.
- Payy Client (TypeScript SDK) TypeScript SDK for Payy's EVM privacy bridge providing interfaces for private transfers, local signing, proof generation, note lookup, and wallet transaction adapters compatible with viem and ethers.
- Beam Agentic CLI wallet for Ethereum giving autonomous software a secure, programmable interface for using crypto across Ethereum and EVM chains. Supports programmable spend controls, conditional approvals, and private transfers for agent-based treasury and workflow automation.
Quantifiable outcome
- 100,000+ KYC'd users and businesses across 120 countries processing approximately $130M in annualized transaction volume
- +2 more outcomes
Companies that use Payy
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Payy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature13 records
Payy partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and flagship.
- MintStarscoreMintStars and Payy bring private, instant creator payouts to Payy Network, shielding payout data while making funds spendable anywhere Visa is accepted. Card payouts to MintStars creators settle using zero-knowledge privacy on Payy Network, with transaction details remaining private by default. The integration is live, allowing MintStars creators to connect Payy accounts and receive private payouts.
- Credit CoopcorePayy and Credit Coop are exploring how institutional credit can evolve alongside privacy-preserving financial systems. Credit Coop builds programmable credit rails for payment companies with cash-flow-based underwriting and automated servicing. They have financed Visa issuers with zero defaults across $1.8B+ in volume. The partnership explores financing models for privacy-preserving payment networks.
- TokucoreToku and Payy partner to launch private payroll for stablecoins on Payy Network. Toku provides token-based payroll and global compensation infrastructure. The partnership enables payroll disbursements with privacy protection for both employers and employees.
- RainflagshipRain partners with Payy Network to add privacy-preserving settlement to its $3B stablecoin card program. Rain is a neobank enabling users in supported countries to spend USDC anywhere Visa is accepted. The partnership brings configurable, audit-ready transaction infrastructure to Rain's card program, shielding stablecoin activity from public blockchain visibility.
- CirclecoreCircle selected Payy for the first USDC Grant Program cohort in October 2024, recognizing Payy's work on private, self-sovereign stablecoin payments. The grant supports early-stage projects integrating USDC and Circle platform features. Circle described Payy as a self-sovereign bank giving users control of their money using stablecoins and a private, scalable payments blockchain.
- VisacorePayy Card is a Visa-branded card, enabling stablecoin wallet balances to be spent anywhere Visa is accepted globally. Visa appears in Payy's investor/trusted-by logos section. The card partnership enables the primary consumer use case of converting private stablecoin holdings into real-world fiat purchases.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Payy competitors and assessment
Company assessmentOthers
- Toku: Toku is a token-based payroll and global compensation infrastructure provider that partners with Payy for private payroll. Adjacent player in stablecoin payroll use cases with overlapping customer base of employers needing compliant, programmable compensation.
- Rain: Rain operates a $3B annualized stablecoin Visa card program and is both a Payy strategic partner (privacy-preserving settlement) and investor. Comparable as a stablecoin card issuer targeting similar consumers with overlapping distribution and ecosystem participation.
Direct peers
- Railgun: Railgun is a privacy protocol on Ethereum using zero-knowledge proofs to shield transaction participants and amounts. Direct peer in privacy-preserving DeFi infrastructure, though narrower in scope (focused on private DeFi rather than stablecoin payments).
- Aztec Network: Aztec is a privacy-focused Ethereum L2 using zero-knowledge proofs (Noir-based) to enable private smart contract execution. Directly competes with Payy in the privacy-enabled EVM L2 category, targeting similar institutional and developer audiences.
Emerging players
- StarkNet: StarkNet is a ZK-rollup L2 using STARK proofs for general-purpose computation. Emerging player in the ZK-L2 space with privacy capabilities through cryptographic design, competing for the same developer and institutional mindshare as Payy.
- Bridge (acquired by Stripe): Bridge is a stablecoin API platform enabling businesses to issue, send, and receive stablecoins. Emerging player in stablecoin payment infrastructure targeting fintechs and platforms, overlapping with Payy's enterprise API offering.
- Plasma: Plasma is a stablecoin-focused L1/L2 designed specifically for global payments with high throughput and zero-fee USDT transfers. Emerging player directly targeting the stablecoin payment infrastructure opportunity that Payy also pursues.
Broad incumbents
- Polygon: Polygon operates multiple Ethereum L2 solutions including Polygon zkEVM and the Polygon PoS chain. Broad incumbent in the L2 space with established developer ecosystem, deep liquidity, and significant enterprise partnerships that compete with Payy's L2 ambitions.
- Stripe (Tempo): Stripe has announced Tempo, a stablecoin-focused L2/blockchain initiative, leveraging Stripe's distribution power across millions of merchants. Broad incumbent entering Payy's category with unmatched go-to-market reach and capital.
- Circle: Circle is the issuer of USDC, the dominant regulated stablecoin and Payy's primary asset. Both strategic partner (USDC Grant Program) and broad incumbent whose own programmable wallet and CCTP rails compete with Payy's payment infrastructure layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Payy social profiles
Digital presencePayy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Payy leadership team
Management profileNumber of profiles
Profiles2 records
Payy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Payy 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 Payy
What does Payy do?
Payy provides private-by-default stablecoin payments infrastructure built on an Ethereum Layer 2 rollup using zero-knowledge proofs. The company offers consumer products including a self-custodial wallet (Payy Wallet) and a non-custodial Visa card (Payy Card), alongside an enterprise-grade platform (Payy Network) with SDK and APIs that allow financial institutions, fintech platforms, and developers to embed private stablecoin functionality into their own applications.
Is Payy a public or private company?
Payy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Payy founded?
Payy was founded in 2023. It employs 11 to 50 people.
Where is Payy based?
Payy is headquartered in New York, United States, in the North America region.
How does Payy make money?
Three revenue lines are on record. Transaction/Network Fees are the primary driver. The others are payy Card Spend and enterprise/Platform Licensing.
Who are Payy's main competitors?
Others on record are Toku and Rain. Direct peers are Railgun and Aztec Network. Emerging players are StarkNet, Bridge (acquired by Stripe) and Plasma. Broad incumbents are Polygon, Stripe (Tempo) and Circle.
Does Payy have an API?
Yes. Payy offers a TypeScript SDK (@payy/client) for the EVM privacy bridge with viem and ethers adapters, local privacy signing, and proof generation integration. The SDK is available on npm and provides interfaces for private transfers, note lookup, incoming transfer discovery, and wallet transaction adapters. Payy also exposes an RPC API through its node for transactions, blocks, stats, Merkle data, and sync behavior. Developer documentation is at docs.payy.network.
What industry is Payy in?
Payy's product category is Stablecoin Payments Infrastructure. Its primary akta.pro industry code is FSAPAEAB, Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption), with a secondary code of FSADADAF, Stablecoin Payment Rails & Settlement Networks (Issuer-Led). Its NAICS code is 52221 and its SIC code is 6199.