Onmeta provides a web3 on-ramp and off-ramp solution that enables users to buy and sell cryptocurrencies using local payment methods, such as UPI in India and GCash in the Philippines. This integration allows platforms to enhance user conversion rates by simplifying the process of converting fiat to tokens and vice versa, facilitating instant withdrawals to bank accounts.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many Web3 applications struggle to onboard new users due to the complexities of converting fiat currency to cryptocurrency and vice versa, especially in emerging markets with unique local payment systems. This friction hinders user adoption and limits the potential reach of decentralized applications.
Solution
Onmeta provides a fiat-to-crypto on-ramp and off-ramp solution that simplifies the process of buying and selling cryptocurrencies using local payment methods. Through a whitelabel API & SDK-based widget integration, Web3 platforms can enable users to purchase tokens directly within their applications and instantly withdraw to their bank accounts. Onmeta supports multiple blockchain networks and a wide range of tokens, focusing on emerging markets like India and the Philippines by integrating payment methods such as UPI and GCash. This allows Web3 developers to focus on their core product while Onmeta handles payment compliance and provides a seamless user experience.
Target Audience
Onmeta primarily targets Web3 developers, decentralized applications (dApps), and crypto exchanges seeking to streamline user onboarding and offboarding in emerging markets.
Features
- Fiat-to-crypto and crypto-to-fiat exchange capabilities
- Support for local payment methods like UPI in India and GCash in the Philippines
- API and SDK for easy integration into Web3 platforms
- Widget integration for a seamless user experience
- Support for multiple blockchain networks including Polygon, Ethereum, and BNB Chain
- KYC and AML compliance for regulatory adherence
- Fast transaction processing, with a majority of transactions completed in under 60 seconds