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Sphere Laboratories

Blockchain-based cross-border payments API

Overview

Sphere Laboratories provides a blockchain-based payments platform that offers an API and a no-code console to manage digital currency transactions, including currency conversion, B2B crypto payments, fiat on- and off-ramps, and recurring billing. Built on the Solana blockchain, the system is non-custodial and uses a high-speed, low-cost network, with an end-to-end suite that includes compliance, accounting, analytics, and tax support, all verified by third-party audits. The platform is designed to streamline cross-border payments and back-office operations for businesses, making it easier to handle international crypto and fiat transactions. Its goal is to expand access to global payments for emerging and underserved markets by offering affordable, transparent payment infrastructure and flexible enterprise pricing.

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About Sphere Laboratories

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

Industries

Enterprise SoftwareFintechCrypto & Web3Financial Services

Company Size

51-200

Company Stage

Seed

Total Funding

$2.8M

Headquarters

Boston, MA

Founded

2022

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Simplify's take

What believers are saying

  • Sphere launched Mexico private beta in September 2026, opening a major corridor.
  • November 3, 2026 Aroot MOU targets Kazakhstan exporters using SpherePay.
  • Arnold Lee says Sphere processes billions annually, proving usage beyond experimentation.

What critics are saying

  • Aroot's November 3, 2026 MOU is non-binding, risking zero revenue conversion.
  • Mexico and Kazakhstan launches depend on regulated partners; any license delay stalls expansion.
  • Stripe, Circle, and bridge competitors can commoditize stablecoin payments before Sphere scales.

What makes Sphere Laboratories unique

  • Sphere runs non-custodial stablecoin payment rails with embedded compliance workflows.
  • SpherePay moves money across 160+ markets in under 30 minutes.
  • Sphere entered Mexico with a local entity and CNBV-registered money transmitter.

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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

6 month growth

-2%

1 year growth

1%

2 year growth

9%
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.

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