Swapin provides a regulated payment solution that enables businesses to accept cryptocurrencies like Bitcoin and Ethereum while receiving EUR directly in their bank accounts. This service facilitates instant conversion and settlement of crypto payments, allowing companies to efficiently manage transactions without the need for prior currency exchange.
Funding
$3.7M 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.
EHFounders
Product
Problem
Many businesses are hesitant to adopt cryptocurrencies due to the complexities of managing crypto payments, including currency exchange, price volatility, and integration with existing banking infrastructure. This reluctance limits their access to a growing market of crypto users and can create operational inefficiencies.
Solution
Swapin offers a regulated crypto payment gateway that enables businesses to accept payments in cryptocurrencies such as Bitcoin and Ethereum while receiving settlements directly in EUR to their bank accounts. The platform provides instant conversion and settlement of crypto payments, eliminating the need for businesses to handle currency exchange or manage crypto assets directly. Swapin's solutions range from simple payment links to fully customizable API integrations, allowing businesses to seamlessly integrate crypto payments into their existing platforms. The platform supports a variety of crypto and fiat currencies and is designed to handle high transaction volumes.
Target Audience
Swapin targets businesses of all sizes that want to accept cryptocurrency payments without the complexities of managing crypto assets, including e-commerce businesses, retailers, and service providers.
Features
- Accept payments in Bitcoin, Ethereum, and other top cryptocurrencies
- Receive EUR directly in a business bank account
- Instant conversion and settlement of crypto payments
- Flexible solutions ranging from payment links to customizable APIs
- Support for buying and selling crypto as a business
- Crypto widget integration for existing platforms
- Compliant with EU regulations (licensed FVT000088) and audited by Grant Thornton
- Supports instant SEPA-enabled bank accounts