About Mercuryo
Mercuryo is a company based in London (United Kingdom) founded in 2018 by Alexander Vasiliev and Greg Waisman.. Mercuryo has raised $10.46 million across 2 funding rounds from investors including Target Global. The company has 1 employees as of August 31, 2020. Mercuryo offers products and services including On Ramp and Spend. Mercuryo operates in a competitive market with competitors including MoonPay, Banxa, Wyre, Poko and Koywe, among others.
- Headquarter London, United Kingdom
- Employees 1 as on 31 Aug, 2020
- Founders Alexander Vasiliev, Greg Waisman
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Moneytea Ltd
- Date of Incorporation 21 Aug, 2019
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.46 M (USD)
in 2 rounds
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Latest Funding Round
$7.5 M (USD), Series A
Jun 25, 2021
- Investors
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Employee Count
1
as on Aug 31, 2020
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Products & Services of Mercuryo
Mercuryo offers a comprehensive portfolio of products and services, including On Ramp and Spend. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables quick fiat to crypto conversion for web3 onboarding.
Issues virtual cards for spending crypto from connected wallets.
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Funding Insights of Mercuryo
Mercuryo has successfully raised a total of $10.46M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.5 million completed in June 2021. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $7.5M
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First Round
First Round
(04 Sep 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2021 | Amount | Series A - Mercuryo | Valuation | Target Global |
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| Sep, 2020 | Amount | Seed - Mercuryo | Valuation | Target Global |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mercuryo
Mercuryo has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Target Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mercuryo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mercuryo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mercuryo Comparisons
Competitors of Mercuryo
Mercuryo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoonPay, Banxa, Wyre, Poko and Koywe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cryptocurrencies and NFTs are traded through an online platform.
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| domain | founded_year | HQ Location |
Payments solutions are provided for digital asset businesses.
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| domain | founded_year | HQ Location |
Blockchain-based international money transfers are enabled for businesses.
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| domain | founded_year | HQ Location |
Fruits are retailed by Poko in Hanoi, Vietnam.
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| domain | founded_year | HQ Location |
Cryptocurrency is bought and sold via Koywe's Web3 wallet.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mercuryo
Frequently Asked Questions about Mercuryo
When was Mercuryo founded?
Mercuryo was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Mercuryo located?
Mercuryo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Mercuryo a funded company?
Mercuryo is a funded company, having raised a total of $10.46M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.96M, raised on Sep 04, 2020.
How many employees does Mercuryo have?
As of Aug 31, 2020, the latest employee count at Mercuryo is 1.
What does Mercuryo do?
Founded in 2018 and headquartered in London, United Kingdom, Mercuryo functions as a payment infrastructure provider in the cryptocurrency sector. Access to international money transfers is enabled for businesses, with oversight at bank standards. Partnerships with industry leaders are utilized to offer various payment options. Operations span worldwide, supporting financial transactions for enterprises in the crypto space.
Who are the top competitors of Mercuryo?
What products or services does Mercuryo offer?
Mercuryo offers On Ramp and Spend.
Who are Mercuryo's investors?
Mercuryo has 1 investor. Key investors include Target Global.
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