Nume Crypto is a technology company.
Nume Crypto has raised $2.0M across 1 funding round.
Nume Crypto has raised $2.0M in total across 1 funding round.
Nume Crypto is a fintech startup building a flat-fee payments rollup on Ethereum (initially on Polygon zkEVM) to enable affordable web3 payment solutions, including token transfers, NFT mints, and trades with instant confirmation and horizontal scalability[1][2]. It serves the cryptocurrency payments market by solving high gas fees and accessibility barriers, targeting users in the US first before expanding to crypto-friendly regions like Singapore and Indonesia[1]. Founded in 2021, the company has raised $2.1M in seed funding, employs a small team of about 8, and shows early momentum through backing from top VCs like Sequoia Capital India and angels such as Balaji Srinivasan[1][2][3].
The platform supports Bitcoin, Ethereum, and stablecoins, aiming for near-zero-cost transactions to drive financial inclusivity via a borderless, trustless payments rail[1][2]. Its mission emphasizes easy global economic access regardless of technical or financial literacy[2].
Nume Crypto was founded in 2021 by sisters Madhumitha Harishankar (CEO) and Niveda Harishankar (CPO), who identified gas fees as a major barrier to cryptocurrency adoption[1][2]. Based initially in Florence, New Jersey (with some sources noting San Francisco ties), the idea emerged from a vision to create a Layer 2 scaling platform on Ethereum for near-zero-cost payments[1][2][3]. Early traction came via a $2M pre-seed round led by Sequoia Capital India, used to build products, validate market fit, and attract customers in the US before Asian expansion[1]. Pivotal support includes advisors from Polygon and angels like Jaynti Kanani (Polygon) and Balaji Srinivasan (ex-CTO, Coinbase), humanizing the venture as a family-led push for crypto accessibility[2].
Nume Crypto rides the Layer 2 scaling trend in blockchain, addressing Ethereum's gas fee pain points amid rising web3 adoption for payments and DeFi[1]. Timing aligns with maturing zkEVM tech (via Polygon) and demand for affordable, scalable solutions as crypto moves mainstream, fueled by stablecoin growth and regulatory shifts in Asia/US[1][2]. Market forces like high Ethereum congestion favor flat-fee rollups, positioning Nume to lower entry barriers for global users and influence fintech by enabling true financial inclusivity—expanding the ecosystem for developers building on cheap, reliable infra[2].
Nume Crypto's path forward hinges on product launches, US market validation, and Asian scaling, leveraging zkEVM upgrades for broader asset support and deeper DeFi integration[1][2]. Trends like zero-knowledge proofs, stablecoin proliferation, and regulatory clarity will accelerate growth, potentially evolving its influence from niche payments to a core web3 rail. As gasless crypto gains traction, Nume could redefine accessibility, turning high-fee hurdles into a flat-fee advantage that empowers global participation[1][2].
Nume Crypto has raised $2.0M in total across 1 funding round.
Nume Crypto's investors include AngelList, BEENEXT, Blockchain Founders Fund, BlockTower Capital, FasterCapital, Infinity Ventures Crypto, Insight Partners, Lightspeed India Partners, MUFG Innovation Partners, Polygon, Seven Seven Six, Tiger Global Management.
Nume Crypto has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in June 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2022 | $2.0M Seed | AngelList, BEENEXT, Blockchain Founders Fund, BlockTower Capital, FasterCapital, Infinity Ventures Crypto, Insight Partners, Lightspeed India Partners, MUFG Innovation Partners, Polygon, Seven Seven Six, Tiger Global Management, Balaji Srinivasan, Kunal Shah |