# MoneySwap OÜ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moneyswap-ou

- Industry: Financial Services
- Headquarters: Tallinn, Estonia
- Website: www.mercuryo.io
- Total disclosed funding: $10M
- Latest round: Series A (Jun 25, 2021)
- Investors on record: 1

## About

Based in Estonia, MoneySwap OÜ operates as a financial technology company specializing in cryptocurrency payment solutions, offering services that facilitate the conversion of fiat to crypto and enhance user experiences in the digital economy.MoneySwap OÜ, founded in 2018 and headquartered in Tallinn, Estonia, provides cryptocurrency payment solutions. The company has received Series A funding of USD 7.5 mn from Target Global on June 25, 2021, totaling USD 7.5 mn raised since inception. The founders are Aleksandr Vasilev, Greg Waisman, and Petr Kozyakov, who also serves as the CEO.Mercuryo offers a wide array of payment solutions designed specifically for the web3 ecosystem. Key products include an on-ramp service that converts fiat to cryptocurrency in 15 seconds and virtual co-branded cards for direct crypto spending. The platform supports over 30 cryptocurrencies and operates in more than 135 countries, serving individuals and businesses in sectors like decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. Mercuryo has established partnerships with over 200 web3 companies to facilitate integrated payment solutions.In 2023, Mercuryo reported a revenue of USD 218.6 mn and an EBITDA of USD -907,727.6. The company's revenue generation is primarily driven by partnerships with web3 businesses that utilize its payment services, alongside B2C transactions through its virtual card offerings and fiat-to-crypto conversions.Following its recent Series A funding round, MoneySwap OÜ will leverage the USD 7.5 mn to expand into new markets and develop additional business solutions. The company aims to enhance its offerings and user engagement as it seeks to penetrate emerging markets by the end of 2023.

## Funding rounds

- Series A, Jun 25, 2021, $7.5M — Target Global
- Seed, Sep 4, 2020, $3M — Target Global

## Investors

- Target Global (https://capitalatlas.ai/funds/target-global) — Seed, Series A