About Paxos
Paxos is a Financial Services company based in New York (United States) founded in 2012 by Charles Cascarilla. Blockchain-based settlement solutions are provided for financial institutions. It operates in the Financial Services and Technology sectors. Paxos has raised $535.25 million across 7 funding rounds from investors including MercadoLibre, Coinbase and FTX. The company has 321 employees. Paxos has completed 2 acquisitions, including Fordefi and Membrane Finance. Paxos was last valued at $2.4 billion in April 2026. Its chief executive, as recorded, is Charles Cascarilla. Its website paxos.com draws about 164 thousand monthly visits. Paxos offers products and services including Global Dollar, PayPal USD, Lift Dollar, Pax Dollar, and Pax Gold. Its focus areas include FinTech, Cryptocurrencies, Diversified and White Label Solutions. Its legal entity is Paxos Trust Company, LLC. Its competitors include Zero Hash, Fordefi and Farcaster; 3 of its 3 listed competitors have raised funding.
Company details
Paxos was founded in 2012 in New York, United States, within the fintech sector. Blockchain platforms are utilized for post-trade settlements in capital markets, alongside services for payments, money movement, and related processes. Counterparty risk is mitigated, balance sheet efficiencies are enhanced, and real-time tracking with transparent auditability is supported through automation. Operations focus on financial institutions seeking streamlined settlement infrastructure.
- Total Equity Funding$535.25M (USD)
in 7 rounds
- InvestorsMercadoLibre
& 32 more
- Employee Count321
- Investments & AcquisitionsFordefi
& 1 more
Products & Services of Paxos
Paxos offers a comprehensive portfolio of products and services, including Global Dollar, PayPal USD, Lift Dollar, Pax Dollar, and Pax Gold.
Stablecoin backed 1:1 by USD for global transactions.
PayPal's stablecoin for secure payment processing.
US dollar-backed coin distributing yield to holders.
Fully-backed stablecoin for reliable digital exchanges.
Token representing physical gold stored in vaults.
Infrastructure for licensed crypto custody and trading.
Funding Insights of Paxos
Paxos has successfully raised a total of $535.25M across 7 strategic funding rounds. 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 $535.25M
- Total Rounds 7
- First Round $3.25M
(Nov 2013)
- Investors Count 33
All 7 funding rounds of Paxos 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 |
|---|---|---|---|---|---|
| Jan 2022 | Series D | – | MercadoLibre | – | |
| Aug 2021 | Series D | – | Bank of America, Coinbase | – | |
| Apr 2021 | $300M | Series D | $2.4B | Oak HC/FT | |
| Dec 2020 | $142M | Series C | – | Declaration Partners | |
| May 2018 | $65M | Series B | – | RRE Ventures, Liberty City Ventures | – |
| May 2015 | $25M | Series A | – | RRE Ventures, Liberty City Ventures | |
| Nov 2013 | $3.25M | Seed | – | Canaan, RRE Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2021 | $2.4B | •••••••• |
Last known valuation $2.4B (Apr 2026). 33 investors in total: 25 institutional and 8 angel.
Investors in Paxos
Paxos has secured backing from 33 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include MercadoLibre, Coinbase and FTX.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology and defense sectors. | foundersfund.com | |||
Investments are made in early-stage healthtech and fintech startups. | oakhcft.com | Stamford, United States | ||
Private equity investments are made in the UK and US. | mithril.com | Austin, United States | ||
Private equity & fixed income investments focused hedge fund | senatorlp.com | New York, United States | ||
Venture capital investments are directed toward multiple sectors by WestCap. | westcap.com | San Francisco, United States | ||
Venture capital and incubation are provided for blockchain technology firms. | libertycityventures.com | New York, United States | ||
Venture capital fund investing in early-stage tech startups | paypal.vc | San Jose, United States | ||
VC firm investing in seed and early stage companies in the US | rre.com | New York, United States | ||
Canaan is recognized as an early-stage venture capital firm. | 1987 | canaan.com | San Francisco, United States | |
VC firm investing in tech startups | og-tech.vc | Monaco, Monaco |
Investor details for Paxos
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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- Co-investor network
Verified entity values are shown only after access is granted.
People of Paxos
24 people are tracked at Paxos (10 in leadership, 6 in board & advisors, 8 in team); the tracked headcount is 321.
| Name | Role | Group |
|---|---|---|
Charles Cascarilla | Co-Founder & Co-CEO | Leadership |
Eric Gay | Interim Chief Information Security Officer | Leadership |
Walter Hessert | Head of Strategy | Leadership |
Shane Toole | Head Of Employer Brand & Internal Communications | Leadership |
Brandon Zorner | Vp, Sales | Leadership |
Rich Teo | Co-Founder & CEO, Asia | Leadership |
Rebecca McClain | Director Of Communications | Leadership |
Mina Alanoly | Director, Strategic Partnerships | Leadership |
Leighton Dellinger | Head Of Legal And Corporate Secretary | Leadership |
Emma Tupa | Chief Of Staff | Leadership |
Scott Malpass | Board Member | Board & advisors |
Bill Bradley | Board Member | Board & advisors |
Brian Stern | Board Member | Board & advisors |
Jim Manzi | Board Member | Board & advisors |
Patricia Kemp | Board Member | Board & advisors |
J. Christopher Giancarlo | Board Member | Board & advisors |
Max Fantle | Corporate Development And Strategy | Team |
Ashley do | Senior Strategic Finance Analyst | Team |
Patrick Hessert | Senior Executive Officer, Paxos Middle East | Team |
John Dinapoli | Counsel, Partnerships | Team |
4 more people are available in the full profile.
Complete people profiles for Paxos
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Investments & Acquisitions by Paxos
Paxos has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fordefi and Membrane Finance.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
MPC wallet platform and web3 gateway solution | fordefi.com | New York, United States | 2021 | Nov 2025 | $100M | |
EU-regulated stablecoins and blockchain integrations are developed. | membrane.fi | Helsinki, Finland | 2021 | Nov 2024 | •••• |
Complete acquisition details for Paxos
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
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Verified entity values are shown only after access is granted.
Timeline of Paxos
6 dated milestones of Paxos across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Paxos is founded.
- Funding First funding round of $3.2M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series D,.
- Acquisition Acquires Membrane Finance.
- Acquisition Acquires Fordefi.
Competitors of Paxos
Paxos has 3 listed competitors in our database, 3 of them funded. They include Zero Hash, Fordefi and Farcaster.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zerohash.com | 2017 | Chicago, United States | $286.46M | 35 | Embedded crypto solutions for financial institutions | |
| fordefi.com | 2021 | New York, United States | $28M | MPC wallet platform and web3 gateway solution | ||
| farcaster.xyz | 2020 | Los Angeles, United States | $180M | Decentralized white-label social platforms are provided for community creation. |
Detailed competitors of Paxos
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Paxos
The website of Paxos (paxos.com) receives about 164K visits a month and ranks #262,365 among all websites worldwide, #2,812 in Investing.
- Monthly visits164K
▲ 2.6% vs previous month
- Unique visitors73.2K
per month
- Global rank#262,365
among all websites
- Category rank#2,812
Finance · Investing
- Bounce rate41%
- Pages per visit2.1
- Average visit41 sec
- DevicesDesktop 35% · Mobile 65%
Websites whose visitors overlap most with Paxos. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
globaldollar.com | globaldollar.com | 100% | #1,509,627 | – | |
| bridge.xyz | 100% | 171.3K | #258,721 | View details | |
| circle.com | 100% | 765.2K | #58,936 | View details | |
| coinmarketcap.com | 67% | 74.2M | #1,083 | View details | |
| coinbase.com | 66% | 27.7M | #1,680 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Paxos
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 21 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Cryptocurrencies
3 companies that operate in the same segment as Paxos (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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Related news about Paxos
Complete news archive for Paxos
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Frequently Asked Questions about Paxos
Paxos was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Paxos is headquartered in New York, United States. It is registered at New York, New York, United States.
Charles Cascarilla is the CEO of Paxos, as recorded in our data. They have also founded this company.
Paxos is a funded company, having raised a total of $535.25M across 7 funding rounds to date. The company's 1st funding round was a Seed of $3.25M, raised on Nov 2013.
Paxos has 321 employees.
Paxos was founded in 2012 in New York, United States, within the fintech sector. Blockchain platforms are utilized for post-trade settlements in capital markets, alongside services for payments, money movement, and related processes. Counterparty risk is mitigated, balance sheet efficiencies are enhanced, and real-time tracking with transparent auditability is supported through automation. Operations focus on financial institutions seeking streamlined settlement infrastructure.
Paxos offers Global Dollar, PayPal USD, Lift Dollar, Pax Dollar, and 2 more products and services.
Paxos has made 2 acquisitions, including Fordefi, and Membrane Finance.
Paxos has 33 investors. Key investors include MercadoLibre, Coinbase, FTX, Bank of America, and Digital Currency Group.
The valuation of Paxos is $2.4B as of Apr 2026.
Paxos operates through Paxos Trust Company, Llc.