MobileCoin is a technology company.
MobileCoin has raised $107.0M across 3 funding rounds.
MobileCoin has raised $107.0M in total across 3 funding rounds.
MobileCoin is a San Francisco-based technology company that develops a privacy-focused peer-to-peer cryptocurrency, also known as Sentz or MOBILECOIN, designed for fast, low-cost mobile payments.[2][3] It builds a blockchain protocol enabling anonymous, near-instant transactions suitable for everyday use like buying coffee, serving individuals and businesses needing secure digital cash on low-bandwidth devices, particularly in remittance-heavy regions such as Mexico, Nigeria, and the Philippines.[1][2][3] The platform solves key pain points in crypto payments—public transaction visibility, high fees, slow speeds, and energy inefficiency—by prioritizing transactional anonymity, ease of use, and microtransaction support, with integrations like Signal's payments feature driving adoption.[1][2]
Founded in 2017, MobileCoin has raised over $100 million, including a $29.7 million round led by Binance Labs, and plans to monetize via transaction fees and services like lending once its economy scales.[1][2][4]
MobileCoin was founded in 2017 by Josh Goldbard and Shane Glynn, with early technical guidance from Signal creator Moxie Marlinspike and former DARPA researcher Todd Huffman.[2] The idea emerged from a vision to create accessible cryptocurrency for mobile devices, emphasizing speed and privacy to make digital payments as seamless as cash, building on influences from Stellar's consensus and Monero's privacy tech rewritten in Rust.[2][3]
Early traction came in May 2018 with a $29.7 million funding round led by Binance Labs for 37.5 million tokens, followed by product launches like the Moby standalone app and Signal integration for peer-to-peer payments.[1][2] Pivotal moments include appointing Sara Drakeley as CEO in 2023 to expand encrypted remittances globally, amid partnerships like Paybis for fiat on-ramps and listings on exchanges like BigONE.[1][2]
MobileCoin stands out in the crypto space through these key features:
MobileCoin rides the wave of privacy-centric blockchain adoption amid rising demand for anonymous digital cash in remittances ($800B+ global market) and everyday mobile payments, where traditional crypto fails due to visibility and scalability issues.[1] Timing aligns with regulatory scrutiny on traceable blockchains (e.g., Ethereum) and growth in encrypted messaging, amplified by its Signal integration launched years ago.[1][2]
Market forces favoring it include developing-world remittance needs, low-energy mandates post-Proof-of-Work backlash, and Web3's shift to practical utility over speculation.[1][3] It influences the ecosystem by pioneering mobile-optimized privacy tech, inspiring hybrid models (e.g., metadata for trust without doxxing users) and challenging incumbents on speed/cost for real-world use.[1][2]
MobileCoin is poised to capture remittance and micropayments markets by scaling its Signal/Moby footprint and global expansions under CEO Sara Drakeley, targeting monetization through fees and lending as adoption grows.[1] Trends like tokenized real-world assets, AI-driven privacy tools, and regulatory clarity on compliant anonymity will accelerate its trajectory, potentially evolving it from niche privacy coin to mainstream mobile money rail. As crypto matures toward "digital cash on your phone," MobileCoin's focus on simplicity and speed positions it to redefine seamless, private transactions in a connected world.[1][2][3]
MobileCoin has raised $107.0M in total across 3 funding rounds.
MobileCoin's investors include 11.2 Capital, Kevin Hartz, Addition, Alt Capital, Andreessen Horowitz, Audrey Capital, Bloomberg Beta, Bowery Capital, Cervin Ventures, Chemistry VC, Cross Culture Ventures, Dreamers VC.
MobileCoin has raised $107.0M across 3 funding rounds. Most recently, it raised $66.0M Series B in August 2021.