S

Sphere Laboratories

Blockchain-based cross-border payments API

Overview

Sphere Laboratories provides a blockchain-based payments platform that acts as an end-to-end suite for digital currency transactions, with an API and a no-code console for managing payments, currency conversion, fiat ramps, B2B crypto payments, and recurring billing. The system is non-custodial and built on the Solana blockchain to achieve fast, low-cost transactions, with third-party audits and integrated back-office features for compliance, accounting, analytics, and tax support. It differentiates itself by not holding customer funds, focusing on non-custodial infrastructure and tightly integrating back-office operations, aimed at reducing friction in cross-border payments for underserved markets. The company’s goal is to simplify international commerce and cross-border payments for businesses in emerging markets by providing transparent fees and enterprise-ready pricing.

Work here?Claim your company

About Sphere Laboratories

Simplify's Rating
Why Sphere Laboratories is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise SoftwareFintechCrypto & Web3Financial Services

Company Size

51-200

Company Stage

Seed

Total Funding

$2.8M

Headquarters

Boston, Massachusetts

Founded

2022

Get referred to Sphere Laboratories

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • September 1, 2026 Mexico launch expands Sphere into regulated cross-border corridors.
  • August 19, 2026 EEA verification for MiCA keeps Sphere aligned with European compliance.
  • August 26, 2026 Head of Compliance hiring signals continued enterprise and regulatory investment.

What critics are saying

  • Mastercard and local licensing partners can terminate access if Sphere misses compliance standards.
  • Stablecoin payment margins compress fast as Stripe, Circle, and Coinbase broaden offerings.
  • A sanctions or AML failure triggers bank de-risking, ending the business.

What makes Sphere Laboratories unique

  • Sphere's non-custodial stablecoin API bundles payments, compliance, reconciliation, and tax workflows.
  • September 2026 Mexico private beta targets same-day MXN-USD settlement for importers and exporters.
  • August 2026 Mastercard Crypto Partner Program membership strengthens enterprise credibility and distribution.

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

Funding

Total Funding

$2.8M

Below

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$2M
$2.3M
$2.8M
$3M

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-1%

2 year growth

-4%
CoinsHolder
Feb 27th, 2025
Nexo and Sphere Partner to Enhance Cross-Border Business Payments

February 27, 2025 - Nexo, a leading digital assets wealth platform, has announced a strategic partnership with Sphere, a prominent player in same-day cross-border settlement.

Fortune
Dec 11th, 2024
Cross-border crypto payments company Sphere raises $5 million from Coinbase and Kraken

Cross-border crypto payments company Sphere raises $5 million from Coinbase and Kraken.

Recently Posted Jobs

Sign up to get curated job recommendations

Sphere Laboratories is Hiring for 1 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs