# Versal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/versal

- Industry: Financial Services
- Headquarters: Gilroy, US
- Website: www.versal.money/
- Total disclosed funding: $1.7M
- Latest round: Seed (Oct 30, 2023)
- Investors on record: 1

## About

Versal is a digital asset infrastructure company that facilitates seamless payment flows using stablecoins, targeting financial institutions and businesses looking to leverage cryptocurrency transactions.Founded in 2020 in Gilroy, US, Versal specializes in providing modular platforms for digital asset management. The company has executed 1 deal as of September 19, 2022.Versal offers a comprehensive infrastructure designed for the seamless movement of digital assets, primarily through its modular platform that enables enterprise-grade payment flows utilizing stablecoins. The core offerings include liquidity solutions for faster cross-border transactions, a vault service for customer wallet management using MPC-powered technology, and a payments system that facilitates crypto transactions settled in preferred currencies. These products aim to streamline settlement times, reduce banking costs, and broaden payment options for businesses across various sectors, including banks, fintech companies, payment service providers, custodians, and wallet providers. Versal caters to a diverse client base that spans global markets, facilitating operations in regions such as North America, Europe, and Asia, and serves end users who require efficient and secure digital asset management.Versal's revenue model is built around a combination of subscription-based services and transactional fees associated with its digital asset infrastructure. Clients, including financial institutions and payment service providers, engage with the platform to implement customized payment solutions that integrate seamlessly with their existing systems. In a typical transaction scenario, a financial institution would utilize Versal's liquidity services to convert currencies and settle payments, potentially incurring fees that vary based on the volume and complexity of the transaction. Additionally, the vault service may operate on a subscription basis, providing customers with secure wallet management tools tailored to their operational needs. The platform’s offerings, including its flagship MPC Wallet-as-a-Service, are designed to enable clients to expand into digital assets while ensuring compliance and security across various financial transactions.In September 2022, Versal raised an undisclosed amount of venture funding from new investor Alaya Capital. The company plans to utilize this funding to enhance its product offerings and expand into new geographic markets. Upcoming products include advanced liquidity solutions aimed for release in late 2023, targeting financial institutions in Europe and Asia for market expansion. Versal's strategy focuses on optimizing its services to adapt to diverse client needs, facilitating greater access to digital asset transactions.

## Funding rounds

- Seed, Oct 30, 2023, $1.7M — Alaya Capital

## Investors

- Alaya Capital (https://capitalatlas.ai/funds/alaya-capital) — Seed