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.
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Industries
Company Size
51-200
Company Stage
Seed
Total Funding
$2.8M
Headquarters
Boston, Massachusetts
Founded
2022
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Total Funding
$2.8M
Below
Industry Average
Funded Over
1 Rounds
Industry standards
Remote Work Options
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.
Cross-border crypto payments company Sphere raises $5 million from Coinbase and Kraken.
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Industries
Company Size
51-200
Company Stage
Seed
Total Funding
$2.8M
Headquarters
Boston, Massachusetts
Founded
2022
Find jobs on Simplify and start your career today