Biconomy

Biconomy

Toolkit for developing decentralized applications

About Biconomy

Simplify's Rating
Why Biconomy is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Crypto & Web3

Company Size

11-50

Company Stage

ICO

Total Funding

$10.2M

Headquarters

Singapore, Singapore

Founded

2019

Overview

Company Does Not Provide H1B Sponsorship

Biconomy provides tools for developers to create decentralized applications (dApps) on blockchain technology. Its main product is a software development kit (SDK) that simplifies the development process by enabling features like gasless transactions and multi-chain validation. This means users can interact with dApps without needing to hold native tokens for transaction fees, making the experience smoother and more accessible. Biconomy stands out from competitors by focusing on user-friendly solutions that reduce friction for both developers and end-users. The company's goal is to empower developers and businesses to build and scale dApps efficiently, catering to a wide range of sectors including decentralized finance (DeFi), gaming, and enterprise solutions.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in gasless transactions boosts Biconomy's market potential.
  • Partnerships with companies like MoonPay expand Biconomy's reach in financial services.
  • The rise of multi-chain ecosystems aligns with Biconomy's core capabilities.

What critics are saying

  • Increased competition in RWA tokenization could challenge Biconomy's market position.
  • New ERC standards may require significant updates to Biconomy's SDK.
  • Partnerships with large corporations could lead to dependency risks for Biconomy.

What makes Biconomy unique

  • Biconomy offers gasless transactions, enhancing user experience in decentralized applications.
  • The company provides multi-chain validation, facilitating seamless cross-chain interactions.
  • Biconomy's SDK simplifies dApp development, reducing friction for developers and users.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$10.2M

Above

Industry Average

Funded Over

3 Rounds

Ico funding comparison data is currently unavailable. We're working to provide this information soon!
Ico Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

9%

2 year growth

6%
HR Today
Jan 3rd, 2025
Christian Slaney Appointed as Head of People & Talent at Biconomy

Ireland, January 2025 - Christian Slaney has been appointed as the Head of People & Talent at Biconomy, a leading web3 infrastructure platform known for its advancements in Account Abstraction and seamless dApp user experiences.

Tech Startups
Nov 26th, 2024
Outlier Ventures Welcomes Seven Teams To Real World Assets Base Camp

London, United Kingdom, November 26th, 2024, ChainwireOutlier Ventures launches the second RWA Base Camp Accelerator program to support early-stage founders. The RWA Base Camp will double down on startups building infrastructure, applications, and products that will fuel the mainstream adoption of tokenized real-world assets (RWA) across industries.The RWA Base Camp, in collaboration with Singularity Finance, will support startups that are building the required infrastructure, applications, and products to fuel the mainstream adoption of tokenized RWA across industries.The 12-week virtual accelerator program will include workshops with subject matter experts from Outlier Ventures and Singularity Finance and mentorship from industry experts.Outlier Ventures is pleased to announce the seven teams participating in the RWA Base Camp accelerator program. Over twelve weeks, the cohort will receive hands-on support from Outlier Ventures’ top-tier experts across various areas, including marketing, advisory, token design, engineering, investment, fundraising, and more, along with guidance and investment from Venture Partner, Singularity Finance.As major banking players make strides into the RWA blockchain space, tokenizing RWAs continues to explore novel methods to bridge the gap between crypto and traditional financial markets. This innovation is set to transform industries as blockchain technology becomes increasingly integrated into society over the next decade. A recent study projects the RWA tokenization market will grow from $118 billion to $10 trillion by 2030. In 2023, we articulated our vision for RWA in our thesis “Tokenization Of RWAs: Beyond The Hype”, followed by a hugely successful first cohort

Cointelegraph
Nov 4th, 2024
Biconomy acquires Klaster to launch modular execution environment

Biconomy acquires Klaster to build a Modular Execution Environment that simplifies blockchain for Web3 developers, enabling secure, scalable and user-friendly experiences.

CoinTrust
Oct 25th, 2024
Biconomy and SunPump Partner to Boost Blockchain Innovation

Biconomy, a well-known multi-chain transaction platform, has announced an exciting partnership with SunPump to drive growth and innovation within the blockchain sector.

CoinTrust
Aug 13th, 2024
Biconomy and Zesh Unite to Revolutionize Web3 Experience

Biconomy has announced a strategic partnership with Zesh, aiming to significantly enhance and simplify the overall Web3 user experience.

Recently Posted Jobs

Sign up to get curated job recommendations

There are no jobs for Biconomy right now.

Find jobs on Simplify and start your career today

💡
We update Biconomy's jobs every 8 hours, so check again soon! Browse all jobs →