About Daimo
Daimo is a Financial Services company based in Santa Monica (United States) founded in 2023 by Nalin Bhardwaj and Dan Posch. It provides SDK for seamless crypto transactions across chains and wallets. It operates on a B2B and SaaS model. Daimo has raised $2 million across 1 funding round from investors including Vitalik Buterin. Its website daimo.com draws about 13 thousand monthly visits. Daimo offers products and services including Daimo Pay SDK. Its focus areas include FinTech, Payment Tech, Crypto Payments and Cross-Chain Transactions. Its competitors include Ripple, BitPay and Zebec; 3 of its 3 listed competitors have raised funding.
Company details
Daimo Pay is an SDK designed for instant cryptocurrency transactions from any coin, chain, or wallet. It enables developers to embed payment features into websites with minimal code, supporting deposits from over 1200 tokens and 20-plus chains. The platform optimizes for fast transactions, gas sponsorship, and user onboarding, facilitating seamless payments and conversions. Trusted by industry leaders, it enhances app experiences without specified location details.
- Headquarters Santa Monica, United States
- Founders Nalin Bhardwaj, Dan Posch
- SectorsFinancial Services
- Website pay.daimo.com
- Social X
- Total Equity Funding$2M (USD)
in 1 rounds
- Latest Funding Round$2M (USD), Seed
Mar 2024
Products & Services of Daimo
Daimo offers a comprehensive portfolio of products and services, including Daimo Pay SDK.
Enables instant cross-chain crypto transactions for applications
Funding Insights of Daimo
Daimo has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2M
- Total Rounds 1
- Last Round Seed — $2M
- First Round $2M
(Mar 2024)
- Investors Count 1
All 1 funding rounds of Daimo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $2M | Seed | – | – |
1 investors in total: 0 institutional and 1 angel.
Investors in Daimo
Daimo has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Vitalik Buterin.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VB Vitalik Buterin | unknown_1f7834191ab04f149 |
Investor details for Daimo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Daimo
2 people are tracked at Daimo (2 in leadership).
| Name | Role | Group |
|---|---|---|
Nalin Bhardwaj | Co-Founder | Leadership |
Dan Posch | Co-Founder | Leadership |
Complete people profiles for Daimo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Daimo
2 dated milestones of Daimo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Daimo is founded.
- Funding First funding round of $2.0M.
Competitors of Daimo
Daimo has 3 listed competitors in our database, 3 of them funded. They include Ripple, BitPay and Zebec.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ripple.com | 2012 | San Francisco, United States | $352.68M | 554 | Blockchain-based payment network for cross-border transfers is developed. | |
| bitpay.com | 2011 | Atlanta, United States | $102.51M | 60 | Crypto payments are managed via apps for users and merchants. | |
| zebec.io | 2021 | San Francisco, United States | $29.5M | Cryptocurrency payments and transactions are enabled through the platform. |
Detailed competitors of Daimo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Daimo
The website of Daimo (daimo.com) receives about 12.6K visits a month.
- Monthly visits12.6K
▲ 40.2% vs previous month
Top companies in Cryptocurrencies
3 companies that operate in the same segment as Daimo (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Frequently Asked Questions about Daimo
Daimo was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Daimo is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Daimo is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Mar 2024.
Daimo Pay is an SDK designed for instant cryptocurrency transactions from any coin, chain, or wallet. It enables developers to embed payment features into websites with minimal code, supporting deposits from over 1200 tokens and 20-plus chains. The platform optimizes for fast transactions, gas sponsorship, and user onboarding, facilitating seamless payments and conversions. Trusted by industry leaders, it enhances app experiences without specified location details.
Daimo offers Daimo Pay SDK.
Daimo has 1 investor. Key investors include Vitalik Buterin.