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
*********
- Legal Name Paxos Trust Company, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$535.25 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
MercadoLibre
& 23 more
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Employee Count
Employee Count
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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. 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.
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.
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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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(11 Nov 2013)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series D - Paxos | Valuation | MercadoLibre |
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| Aug, 2021 | Amount | Series D - Paxos | Valuation | Bank of America , Coinbase |
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| Apr, 2021 | Amount | Series D - Paxos | Valuation | Oak HC/FT |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 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. 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 investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Private equity investments are made in the UK and US.
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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 Paxos
Paxos has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fordefi and Membrane Finance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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MPC wallet platform and web3 gateway solution
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2021 | ||||
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EU-regulated stablecoins and blockchain integrations are developed.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Paxos
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Paxos Comparisons
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. 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded crypto solutions for financial institutions
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| domain | founded_year | HQ Location |
Cryptocurrencies exchange platform
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| domain | founded_year | HQ Location |
MPC wallet platform and web3 gateway solution
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| domain | founded_year | HQ Location |
Decentralized white-label social platforms are provided for community creation.
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| domain | founded_year | HQ Location |
Platform offering web3 infrastructure solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Paxos
Frequently Asked Questions about Paxos
When was Paxos founded?
Paxos was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Paxos located?
Paxos is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Paxos?
Charles Cascarilla is the current CEO of Paxos. They have also founded this company.
Is Paxos a funded 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 Series D of $300M, raised on Nov 11, 2013.
What does Paxos do?
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.
Who are the top competitors of Paxos?
What products or services does Paxos offer?
Paxos offers Global Dollar, PayPal USD, Lift Dollar, Pax Dollar, and 2 more products and services.
How many acquisitions has Paxos made?
Paxos has made 2 acquisitions, including Fordefi, and Membrane Finance.
Who are Paxos's investors?
Paxos has 24 investors. Key investors include MercadoLibre, Coinbase, FTX, Bank of America, and RIT Capital Partners.
What is Paxos's valuation?
The valuation of Paxos is $2.4B as of Apr 2021.
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