Tweed provides embedded payment infrastructure that allows businesses to seamlessly accept fiat payments for web3 assets like NFTs and tokens. Their Token Checkout solution enables buyers to use traditional methods like credit cards for digital asset purchases while offering merchants fiat or crypto payouts. Additionally, Tweed offers a white-label, self-custodial Wallet-as-a-Service to simplify user onboarding and ensure regulatory compliance.
Funding
$4.5M 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
Web2 platforms seeking to integrate Web3 capabilities face challenges related to regulatory compliance, user experience, and the technical complexities of managing self-custodial wallets. Existing solutions often require businesses to obtain custody licenses and implement cumbersome KYC processes, while also struggling to provide a seamless user onboarding experience.
Solution
Tweed offers a white-label wallet-as-a-service platform that simplifies the integration of self-custodial wallets for businesses looking to incorporate NFTs, cryptocurrencies, and in-platform tokens. The platform provides a developer-friendly SDK that enables businesses to offer a familiar user experience with social sign-on and account recovery, while ensuring compliance and security. Tweed's solution allows users to retain ownership of their digital assets without the need to manage complicated recovery phrases, and enables merchants to accept payments via credit cards and digital wallets. By offloading the regulatory burden and providing customizable wallet features, Tweed enables brands to scale their Web3 offerings without compromising user experience or ownership.
Target Audience
Tweed targets Web2 platforms across various sectors, including gaming, retail, marketplaces, loyalty programs, ticketing, and the creator economy, that are looking to integrate Web3 capabilities and offer digital assets to their users.
Features
- White-label, self-custodial wallets that can be fully customized to fit the brand's look and feel
- Developer-friendly SDKs for easy integration into existing sign-up/login processes, including social logins
- Support for multiple blockchains, including Ethereum, Polygon, and Tezos, with more chains coming soon
- Payment integrations that allow users to top up their wallets or buy NFTs with credit cards, debit cards, Apple Pay, or Google Pay
- Advanced fraud analysis to minimize disputes and chargebacks
- Easy and quick payouts for businesses in fiat or crypto
- Compliant with MiCA regulations, removing the need for a custody license
- Support for NFTs, utility tokens, and cryptocurrencies