About Stably
Stably is a company based in Seattle (United States) founded in 2017 by David Zhang and Kory Hoang. Stably has raised $7.73 million across 5 funding rounds from investors including Morgan Creek, Jackson Fulton Clement and Sunny Lu. Stably offers products and services including Stably Ramp, CUSD, and ZUSD. Stably operates in a competitive market with competitors including TrustToken, Circle, Wirex, Celo and MakerDAO, among others.
- Total Equity Funding$7.73M (USD)
in 5 rounds
- Latest Funding Round$4.53M (USD), Seed
Dec 2021
- InvestorsMorgan Creek
& 12 more
Products & Services of Stably
Stably offers a comprehensive portfolio of products and services, including Stably Ramp, CUSD, and ZUSD.
Enables buying, selling, and swapping crypto with fiat for global users.
USD-pegged cryptocurrency for stable and secure transactions.
Another stablecoin option for reliable blockchain payments.
Apps and channels of Stably
its YouTube channel Stably has 457 subscribers and 30 videos.
Videos from Stably
The most watched videos on Stably's YouTube channel, Stably (457 subscribers). Click a video to play it here.
More on Stably.
Funding Insights of Stably
Stably has successfully raised a total of $7.73M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $4.53 million completed in December 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 $7.73M
- Total Rounds 5
- Last Round Seed — $4.53M
- First Round $170,000
(Mar 2018)
- Investors Count 13
All 5 funding rounds of Stably 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 |
|---|---|---|---|---|---|
| Dec 2021 | $4.53M | Seed | – | Morgan Creek Capital Management | |
| Feb 2020 | $1M | Seed | – | – | – |
| Jan 2019 | $1.7M | Seed | – | Paul Stahura | – |
| Apr 2018 | $500,000 | Seed | – | Beenext | |
| Mar 2018 | $170,000 | Debt – Conventional | – | – | – |
13 investors in total: 8 institutional and 5 angel.
Investors in Stably
Stably has secured backing from 13 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Morgan Creek, Jackson Fulton Clement and Sunny Lu.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech-focused VC firm funding companies in the US | – | hardyaka.com | San Francisco, United States | |
Bloccelerate VC is focused on investing in blockchain startups. | – | bloccelerate.vc | Seattle, United States | |
Early-stage venture capital fund | – | beenext.com | Singapore, Singapore | |
Venture capital and acceleration are provided to tech startups. | – | 500.co | Ho Chi Minh City, Vietnam | |
Investment management services are provided to institutions and families. | 2004 | morgancreekfunds.com | Chapel Hill, United States | |
Taureon is engaged in investment management and consulting for distributed ledger technology. | – | taureon.io | - | |
JF Jackson Fulton Clement | - | – | unknown_ad5aa0218a6b49099 | - |
SL Sunny Lu | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_e5d5b4d6858f4a9a9 | - |
LK Lou Kerner | - | – | unknown_7cebd131101d42da9 | - |
DC David Choi | Angel investor and entrepreneur, co-founder of Left Lane Capital, active in India. | – | unknown_a90718b90adb4d6e9 | - |
Investor details for Stably
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 Stably
16 people are tracked at Stably (2 in leadership, 7 in board & advisors, 7 in team).
| Name | Role | Group |
|---|---|---|
David Zhang | Co-Founder & CTO | Leadership |
Kory Hoang | Co-Founder & CEO | Leadership |
Raaid Hossain | Advisor | Board & advisors |
Jill Williamson | Advisor | Board & advisors |
Joe Vincent | Advisor | Board & advisors |
Dirk Van Quaquebeke | Advisor | Board & advisors |
Eddie Thai | Advisor | Board & advisors |
Lou Kerner | Advisor | Board & advisors |
Jason Kovan | Advisor | Board & advisors |
Younis Jad | Senior Software Engineer | Team |
Tinh-Chi Tran | Software Engineer (Trading) | Team |
Matthew Barkway | Business Development & Fundraising Manager | Team |
Nishith Chauhan | Software Developer | Team |
Jackie Pham | Marketing Associate | Team |
Minh Thai | Marketing Associate | Team |
Sang Do | Product Manager | Team |
Complete people profiles for Stably
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 Stably
3 dated milestones of Stably across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Stably is founded.
- Funding First funding round of $170K.
- Funding Latest funding round, Seed, of $4.5M.
Competitors of Stably
Stably 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 TrustToken, Circle, Wirex, Celo and MakerDAO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trusttoken.com | 2017 | San Francisco, United States | $32.5M | – | Physical assets are tokenized on a decentralized platform for liquidity. | |
| circle.com | 2013 | Boston, United States | $1.5B | – | Cross-border cryptocurrency payments for businesses are enabled through APIs. | |
| wirexapp.com | 2014 | London, United Kingdom | $22.2M | – | App-based wallet for cryptocurrencies and traditional currencies is provided. | |
| celo.org | 2011 | San Francisco, United States | $57.5M | 50 | Blockchain-based stablecoins are utilized for social payments and transfers. | |
| makerdao.com | 2014 | San Francisco, United States | $15M | – | A collateral-backed stablecoin is issued on the Ethereum blockchain. | |
| skrill.com | 2001 | London, United Kingdom | – | 102 | Online payments and digital wallet services are facilitated internationally. | |
| originprotocol.com | 2017 | San Francisco, United States | $31.5M | 11 | A blockchain platform is provided for building decentralized marketplaces. | |
| azafinance.com | 2013 | London, United Kingdom | $41.76M | – | Software for cross-border remittances and forex management is provided. | |
| colu.com | 2014 | Tel Aviv, Israel | $26.6M | – | Decentralized payments for local communities are enabled via blockchain infrastructure. |
Detailed competitors of Stably
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 Stably
The website of Stably (stably.io) receives about 7.5K visits a month.
- Monthly visits7.5K
▼ 4% vs previous month
Latest news on Stably
Complete news archive for Stably
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.
Similar companies to Stably
10 companies that operate in the same segment as Stably (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Stably
Stably was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Stably is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Kory Hoang is the current CEO of Stably. They have also founded this company.
Stably is a funded company, having raised a total of $7.73M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $170K, raised on Mar 2018.
Stably was founded in 2017 in Seattle, United States, as a venture capital-backed FinTech startup. Operations center on asset tokenization and stablecoin infrastructure for emerging blockchain networks, Web3 wallets, and applications such as DeFi protocols and metaverse platforms. Fiat-to-stablecoin on-ramps are facilitated for users transitioning from traditional finance to the digital economy, with services designed for global accessibility.
Stably offers Stably Ramp, CUSD, and ZUSD.
Stably has 13 investors. Key investors include Morgan Creek, Jackson Fulton Clement, Sunny Lu, Hard Yaka, and Bloccelerate VC.
Stably operates through Stably Corp.