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§ Private Profile · 2810 N Church St, Wilmington, Delaware, 19802, United States
Numio is a technology company.
Numio offers a decentralized, non-custodial mobile cryptocurrency application built on Ethereum, leveraging Layer 2 zkRollup technology. This infrastructure facilitates instant and low-fee transactions, enabling users to securely manage and store their digital assets. The company focuses on simplifying the complexities of cryptocurrency for broader adoption, providing a secure and user-friendly platform for digital payments and asset management.
Founded in 2020, Numio emerged from an insight to demystify and streamline cryptocurrency usage. The founding team includes Marco Paez as CEO, Timothy Allard as CTO, Mark Anstead overseeing business development, and Jason Garland heading compliance. Their collective aim was to address the friction points within existing crypto solutions, specifically by developing technology that ensures user control over assets while improving transaction efficiency.
The company primarily targets consumers, with a particular emphasis on extending financial access to the unbanked global population. Numio’s vision is centered on promoting financial inclusion through identity-based blockchain technology, providing a secure and accessible gateway for individuals to manage their money in the digital economy. It aims to empower users with self-sovereign control over their financial identity and assets.
Numio has raised $1.0M across 1 funding round.
Numio has raised $1.0M in total across 1 funding round.
Numio has raised $1.0M in total across 1 funding round.
Numio's investors include Formless Capital.
Numio is a technology company building a noncustodial cryptocurrency wallet and management platform that leverages identity-based blockchain technology and Layer 2 solutions like zkRollups to enable secure, fast, and low-cost transactions for sending, swapping, and trading crypto.[1][4][5] It primarily serves direct-to-consumer users in the cryptocurrency space, focusing on payments and wallet management, with a distributed team mostly in the USA and around 8 employees as of 2020; no funding has been publicly announced.[1] A related entity, NUMIO Solutions, offers enterprise financial intelligence tools automating tax compliance, revenue recognition, lease accounting, and more using AI and machine learning, targeting accounting professionals and businesses.[2]
Numio was founded in July 2018 as a distributed company (mostly USA-based) developing crypto wallet solutions, with a UK subsidiary, NUMIO TECHNOLOGY UK LTD, incorporated on January 5, 2016, focused on software development, R&D in natural sciences and engineering, and specialized design activities.[1][3] By 2020, it positioned itself as a noncustodial platform integrating Layer 2 technologies like zkRollups for instant crypto operations, supporting 14 chains at that time.[4][5] Founders are not named in available records, and early traction details are limited, though it emerged amid rising demand for scalable blockchain tools; the UK arm shows ongoing activity but overdue filings as of 2023.[3] Separately, NUMIO Solutions was founded by tax strategists, visionaries, and accountants to automate complex financial compliance.[2]
Numio rides the Layer 2 scaling wave in blockchain, addressing Ethereum's high fees and slow speeds by enabling cheap, instant transactions—critical as crypto adoption grows beyond speculation into everyday payments.[4][5] Timing aligns with zkRollup maturation post-2020, fueled by market forces like DeFi expansion and regulatory pushes for secure, compliant crypto tools.[1] It influences the ecosystem by democratizing access for consumers, potentially boosting mainstream blockchain use, while NUMIO Solutions tackles enterprise finance digitization amid AI advancements and complex global compliance (e.g., IFRS/ASC standards).[2]
Numio is poised to expand its zkRollup wallet amid Layer 2 dominance and multi-chain interoperability trends, potentially adding more chains and features like advanced identity verification for broader adoption. NUMIO Solutions could leverage AI for predictive finance amid rising regulatory scrutiny. Influence may grow if it secures funding or partnerships, evolving from niche crypto tools to integral players in decentralized finance and automated enterprise compliance—reinforcing its core promise of secure, efficient blockchain and financial intelligence.
Numio has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2021 | $1M Seed | — | Formless Capital | Announced |