Starlight

Starlight

Financial technology for cryptocurrency transactions

About Starlight

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

Industries

Fintech

Crypto & Web3

Company Size

11-50

Company Stage

Seed

Total Funding

$9.7M

Headquarters

Jersey City, New Jersey

Founded

2021

Overview

Starlight provides a financial technology platform that supports transactions and operations in the cryptocurrency market. It offers both custodial and non-custodial wallet services, allowing users to manage their digital assets with varying levels of control and security. Custodial services are handled through a partnership with Zero Hash, which ensures compliance and security, while non-custodial options work with popular wallets like Gnosis Safe and Metamask. Starlight differentiates itself by bridging the gap between cryptocurrency and traditional finance, offering features like virtual cards that enable users to easily convert and spend their crypto assets as fiat currency. The company's goal is to create a seamless and secure experience for businesses and individuals in the crypto economy.

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Simplify's Take

What believers are saying

  • Starlight raised $5 million in seed funding in April 2023.
  • Integration with DeFi platforms could enhance user experience and service offerings.
  • Growing trend of crypto payroll services presents potential expansion opportunities.

What critics are saying

  • Increased competition from companies like Fireblocks and Anchorage.
  • Regulatory scrutiny on crypto services could impact Starlight's operations.
  • Cryptocurrency market volatility poses risks to Starlight's revenue streams.

What makes Starlight unique

  • Starlight offers both custodial and non-custodial wallet services for flexibility.
  • Partnerships with Zero Hash and FDIC-member banks ensure compliance and security.
  • Starlight's all-in-one platform simplifies crypto asset management for businesses.

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Funding

Total Funding

$9.7M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:
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
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$5M
Starlight

Growth & Insights and Company News

Headcount

6 month growth

-30%

1 year growth

-21%

2 year growth

-10%
Crypto World Times
Oct 14th, 2023
Starlight Crypto Exchange Latest News Updates

In April 2023, Starlight launched its new margin trading platform.

The Block
Mar 7th, 2023
The Block: Web3 startup Starlight debuts corporate cards for crypto firms: Exclusive

Starlight raised $5 million in seed funding in the same month — a round which was co-led by Abstract Ventures and A* Capital with participation from Brevan Howard.

PYMNTS
Feb 9th, 2023
Starlights Taps Zero Hash To Let Customers Buy And Sell Crypto

Financial operating system Starlight has turned to Zero Hash to help its customers trade cryptocurrencies. Starlight, which markets itself to web3 teams, announced the partnership with the B2B2C crypto infrastructure platform in a news release Thursday (Feb. 9). The company has embedded Zero Hash’s platform into its system to help corporate customers who “are digitally native, but new to web3,” buy and sell cryptocurrencies

Starlight
Dec 2nd, 2022
Announcing Our $5M Seed Round

We're excited to share the next chapter of Starlight.

Yahoo Finance
Aug 11th, 2022
Starlight shoots for the moon, aiming to build the Brex of crypto

New York-based Starlight aims to simplify the process for onboarding companies into crypto. Its product allows companies to set up a crypto wallet and track and manage their digital assets on an ongoing basis, all in one place, co-founder and CEO Grey Nguyen told TechCrunch. Nguyen and co-founder Ben Yang, now CTO at Starlight, left jobs at other tech companies to participate in a fellowship for pre-seed founders hosted by South Park Commons last year.

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