About Paxos
Paxos is a company based in New York (United States) founded in 2012 by Charles Cascarilla. Paxos has raised $535.25 million across 7 funding rounds from investors including MercadoLibre, Coinbase and FTX. Paxos has completed 2 acquisitions, including Fordefi and Membrane Finance. Paxos offers products and services including Global Dollar, PayPal USD, Lift Dollar, Pax Dollar, and Pax Gold. Paxos operates in a competitive market with competitors including Zero Hash, BTSE, Fordefi, Farcaster and ParFin, among others.
- Headquarter New York, United States
- Founders Charles Cascarilla
- Stage Unicorn
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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 Paxos Trust Company, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$535.25 M (USD)
in 7 rounds
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Latest Funding Round
Not available
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Investors
MercadoLibre
& 23 more
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Employee Count
Not available
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Investments & Acquisitions
Fordefi
& 1 more
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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.
People of Paxos
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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.
Investors in Paxos
Paxos has secured backing from 24 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include MercadoLibre, Coinbase and FTX.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and defense sectors.
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Investments are made in early-stage healthtech and fintech startups.
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Private equity investments are made in the UK and US.
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Investor details for Paxos
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Paxos
Paxos has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fordefi and Membrane Finance.
Investment portfolio details for Paxos
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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MPC wallet platform and web3 gateway solution
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EU-regulated stablecoins and blockchain integrations are developed.
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Locked | Locked | 2021 | Locked |
Complete acquisition details for Paxos
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Paxos
Detailed financials for Paxos
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Paxos Comparisons
Peer comparison for Paxos
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Paxos
Paxos 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 Zero Hash, BTSE, Fordefi, Farcaster and ParFin, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Embedded crypto solutions for financial institutions
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Cryptocurrencies exchange platform
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MPC wallet platform and web3 gateway solution
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| Locked | Locked | Locked |
Decentralized white-label social platforms are provided for community creation.
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Platform offering web3 infrastructure solutions
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Detailed competitors of Paxos
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Paxos
Complete news archive for Paxos
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 current CEO of Paxos. They have also founded this company.
Paxos is a funded company, having raised a total of $535.25M across 7 funding rounds to date.
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 24 investors. Key investors include MercadoLibre, Coinbase, FTX, Bank of America, and RIT Capital Partners.
The valuation of Paxos is $2.4B as of Apr 2021.