Cyclops
Cyclops is an all-in-one crypto and stablecoin platform built exclusively for payments companies, offering solutions for settlement, payins, payouts, treasury management, and custom API integrations. The platform provides 24/7 stablecoin settlement, enabling payments companies to accept funds across rails and assets, send money anywhere instantly, and convert, store, and manage funds across fiat, crypto, and…
Funding snapshot
About
Cyclops is an all-in-one crypto and stablecoin platform built exclusively for payments companies, offering solutions for settlement, payins, payouts, treasury management, and custom API integrations. The platform provides 24/7 stablecoin settlement, enabling payments companies to accept funds across rails and assets, send money anywhere instantly, and convert, store, and manage funds across fiat, crypto, and stablecoins including virtual account setup. Cyclops combines licensing, custody, compliance, and settlement into a single platform with over 100 global licenses, supporting 400+ assets across 150+ countries. The platform serves over 300,000 merchants and has processed over $2 billion in volume. The founding team brings eight years of digital asset payments experience, having previously built and run the crypto and stablecoin division at a leading payments company. Cyclops powers the leading crypto and stablecoin ecommerce solutions as well as the largest network of crypto-enabled POS devices in the world. Founded in 2016 and headquartered in Miami, Florida, the company has raised approximately $28 million in Series A funding from investors including Castle Island Ventures, F-Prime Capital, Shift4, Nava Ventures, Coinbase, Circle, and Global Paytech Ventures.
Business model
Cryptocurrencies > Financial Services > Payments > Business Payments > Online Payments,
MassChallenge Batches > Boston > 2016
Institutional investors
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