# Waygum

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

- Industry: Software
- Headquarters: Ridgefield, US
- Website: www.waygum.io
- Total disclosed funding: $0.1M
- Latest round: Angel (Jun 21, 2014)
- Investors on record: 3

## About

Waygum is a technology company specializing in cryptocurrency payment integration solutions that facilitate transactions on trading platforms and e-commerce sites, enhancing merchant capabilities and customer access to digital currencies.Waygum was founded in 2013 and is headquartered in Ridgefield, US. The company focuses on providing cryptocurrency payment solutions. In April 2015, Waygum raised USD 1.50 mn from investors including Johnson Controls and Navitas Capital, marking a significant step in their operational strategy. The company has completed a total of 6 deals to date, with its most recent funding round being in April 2015.Waygum offers a suite of products designed to facilitate the integration of cryptocurrency payments across various sectors, particularly within trading platforms and e-commerce. Their core product includes cryptocurrency payment gateways, which enable businesses to process transactions using digital currencies such as Bitcoin, Ethereum, and Litecoin. These gateways provide a seamless transaction experience for both businesses and end users, helping to address issues related to transaction speed, security, and cost-effectiveness. The company serves a diverse client base, including retail merchants, online marketplaces, and small to medium-sized enterprises across global markets, including North America, Europe, and parts of Asia. By empowering businesses to accept cryptocurrency payments, the company aims to enhance financial inclusivity and broaden the customer base for its clients.Waygum's revenue model is primarily driven by transaction fees associated with its cryptocurrency payment gateways. Typical business transactions involve merchants integrating the gateway into their existing payment systems, enabling them to accept cryptocurrency payments from their customers. In this scenario, the company earns a percentage of each transaction processed through its platform, creating a consistent revenue stream. Additionally, the company may offer subscription plans for premium services, providing enhanced features such as advanced analytics and customer support. While specific details regarding pricing plans for individual services are not disclosed, the structure of revenue generation is primarily based on transaction fees and subscription models, ensuring a steady flow of income from both B2B relationships with merchants and direct-to-consumer applications.Waygum is focused on expanding its product offerings and market reach. The company is currently designing new products aimed at improving transaction efficiency and security, with plans for launch in the near future. Additionally, Waygum aims to penetrate emerging markets in Asia and Europe by 2025, leveraging recent funding of USD 1.50 mn to support these growth initiatives. This financial backing will help enhance their product development and marketing efforts to establish a stronger presence in these regions.

## Funding rounds

- Angel, Jun 21, 2014, $0M — Alchemist Accelerator, AngelList
- Angel, Feb 25, 2014, $0.1M — Right Side Capital Management
- Seed, Nov 9, 2013, $0M — Alchemist Accelerator

## Investors

- Alchemist Accelerator (https://capitalatlas.ai/funds/alchemist-accelerator) — Seed, Angel
- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Angel
- AngelList — Angel