Fiat Republic is a technology company.
Fiat Republic has raised $10.0M across 2 funding rounds.
Fiat Republic has raised $10.0M in total across 2 funding rounds.
Fiat Republic is a Banking-as-a-Service (BaaS) platform that delivers fiat payment solutions tailored for the cryptocurrency industry, enabling crypto platforms to automate and embed fiat flows via a developer-friendly API.[1][3] It provides master accounts, virtual IBANs, multi-currency support (including USD, EUR, GBP, AUD, SEK, DKK), real-time FX, treasury management, and instant liquidity transfers, primarily serving crypto exchanges, liquidity providers, NFT marketplaces, OTC traders, and stablecoin offerings.[1][2][3] The platform solves key pain points like manual reconciliation, batch files, multiple banking integrations, and compliance hurdles (KYC, AML, CFT), offering rapid deployment, exceptional UX with local virtual accounts, and aggregated access to crypto-friendly banks.[3] Launched in Europe, it acts as a gateway to traditional finance (TradFi) for Web3 businesses, with growth highlighted by its recognition as a highflier alongside peers like MoonPay.[1][5]
Fiat Republic was incorporated on June 20, 2021, as a private limited company (number 13466461) in London, United Kingdom, with its registered office at 60 Cannon Street, EC4N 6NP.[1][4] The founding team consists of individuals with prior collaborative experience from previous companies, fostering strong personal relationships that underpin their mission to bridge blockchain platforms with global and local banking networks.[2] Emerging amid rising crypto adoption, the idea crystallized to de-risk crypto clients for tier-1 banks lacking operational methods, compliance, and risk management for digital assets, while providing crypto platforms a one-stop aggregation of IBANs, payment rails, and an intra-customer settlement network called EagleNet.[2] A pivotal moment came with the platform's live launch in Europe, enabling regulated banking and payments API to bridge fiat and crypto for businesses.[5]
Fiat Republic stands out in the BaaS space through crypto-specific innovations:
Fiat Republic rides the convergence of TradFi and crypto, capitalizing on post-2021 regulatory maturation and mass adoption of stablecoins/DeFi, where fiat on-ramps remain a bottleneck.[1][2][3] Timing aligns with Europe's crypto-friendly frameworks and global demand for seamless bridges, as traditional banks seek compliant entry without building crypto expertise.[2][5] Market forces like rising NFT/OTC volumes and real-time payment needs favor its aggregation model, reducing fragmentation.[1][2] It influences the ecosystem by de-risking partnerships, fostering joint ventures, and enabling crypto firms to scale fiat operations efficiently, positioning as a key enabler in the $100B+ crypto payments market.[2]
Fiat Republic is poised for expansion with new banking partners, rail additions (e.g., more fiat currencies), and deeper Web3 embeds amid tokenized assets and CBDC pilots.[3] Trends like real-time global payments and stricter AML will amplify its compliance edge, potentially capturing share from fragmented providers.[2][3] Its influence may evolve toward full treasury suites for DAOs and institutions, solidifying as the reliable fiat backbone for crypto's mainstream pivot—bridging old gods of finance with blockchain's new realms.[2]
Fiat Republic has raised $10.0M in total across 2 funding rounds.
Fiat Republic's investors include Arbor Ventures, Caffeinated Capital, Fabric Ventures, Moonfire Ventures, Paradigm, Renegade Partners, Robot Ventures, Seedcamp, Speedinvest, Didier Valet, Rand Hindi, Outrun Ventures.
Fiat Republic has raised $10.0M across 2 funding rounds. Most recently, it raised $7.0M Seed in December 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2023 | $7.0M Seed | Arbor Ventures, Caffeinated Capital, Fabric Ventures, Moonfire Ventures, Paradigm, Renegade Partners, Robot Ventures, Seedcamp, Speedinvest, Didier Valet, Rand Hindi | |
| Feb 1, 2022 | $3.0M Seed | Outrun Ventures, Passion Capital, Seedcamp, Speedinvest, Charles Delingpole, Didier Valet, James Isilay, Moubin Faizullah-Khan, Stuart Gardner, Will Martin, Yi Luo |