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Onmeta is a technology company.
Onmeta provides compliant, plug-and-play fiat on/off-ramps for Virtual Digital Assets (VDA) in emerging markets like India and the Philippines. The platform facilitates direct conversion between local currencies and VDAs using integrated payment methods. It also offers cross-border payout solutions via stablecoin-to-INR rails and an integrated compliance stack for Web3 platforms, encompassing KYC and AML.
Onmeta was founded in late 2021 by Bharath T, who serves as CEO, and Krishna Teja Nemani, the CTO. They identified the inherent complexities in fiat-to-crypto conversions within nascent Web3 ecosystems. Their core insight was to build simplified, compliant financial infrastructure, effectively bridging traditional finance with the decentralized world in key growth regions.
Onmeta serves Web3 platforms, decentralized applications, and wallets integrating local payment solutions for their global user bases. The company’s vision is to onboard the next billion users into the Web3 economy by ensuring seamless, compliant access to digital assets across emerging markets. Onmeta aims to expand its localized payment and settlement capabilities globally, fostering broader adoption.
Onmeta has raised $2.0M across 1 funding round.
Onmeta has raised $2.0M in total across 1 funding round.
Onmeta has raised $2.0M in total across 1 funding round.
Onmeta's investors include Sia Kamalie, Accel, Rajan Anandan, Polygon, Kunal Shah, Ganesh Swami, Hiro Mashita, Madhur Deep, Nitish Mittersain, Sandeep Nailwal, GSF, Luno Expeditions.
Onmeta is a Bengaluru-based fintech startup that builds compliant, plug-and-play fiat on-ramp and off-ramp solutions for Web3 decentralized applications (dApps), wallets, and platforms. It enables users to buy cryptocurrencies with local fiat payments (like UPI in India or GCash in the Philippines) and receive settlements in stablecoins or USD, while handling compliance such as KYC and AML.[1][2][4][6] Serving Web3 gaming, DeFi, crypto wallets, and NFT marketplaces—including clients like Horizon Blockchain Gaming, CoinFantasy, and Chingari—Onmeta solves the friction of crypto onboarding by offering one-minute transaction times, wide blockchain and token support (e.g., Polygon, Ethereum), and native UX via API/widget integrations, reducing platform drop-offs and accelerating mainstream adoption.[1][2][4][6]
With 11-20 employees and backing from angel investors, the company has shown steady monthly growth since launch, expanding from India to Southeast Asia markets like the Philippines, with plans for Vietnam and Indonesia.[1][4][6]
Onmeta was founded in early 2022 (with some sources citing late 2021 founding date and December 1, 2021, as the official start) by Bharath T (Thillainayagam Bharath) and Krishna Teja Nemani, operating under the legal name Abhibha Technologies Pvt Ltd in Bengaluru, India.[1][3][4][5] Both founders hail from Rapido, India's leading mobility platform: Bharath served as Head of Operations, building its operations stack, while Krishna was Director of Technology, scaling its tech infrastructure.[4] Their shared passion for blockchain led them to identify on/off-ramp bottlenecks in Web3 as the "next big problem," launching the initial India-focused on-ramp product in April 2022 with IMPS payments, Polygon/Ethereum support, and stablecoins.[4]
Early traction came quickly, with product expansions to multiple payment methods, currencies, blockchains, and non-stablecoins; by September 2022, they entered the Philippines market, differentiating via sub-one-minute processing and local payments like GCash and Grabpay.[4] This steady growth has secured clients across Web3 sectors.[2][4]
Onmeta stands out in the crowded fiat-to-crypto ramp space through these key strengths:
These features position Onmeta ahead of competitors like Transak or Ramp by prioritizing emerging markets' local needs.[2][4]
Onmeta rides the Web3 mass adoption wave, bridging fiat and crypto in high-growth regions like India and Southeast Asia, where regulatory clarity (e.g., India's VDA frameworks) and booming Web3 gaming (Philippines as the world's largest market) create tailwinds.[4][6] Timing is ideal amid rising crypto remittances, in-app purchases for dApps, and stablecoin settlements for cross-border payouts, fueled by market forces like UPI's dominance in India and mobile wallet proliferation in SEA.[1][6] By reducing onboarding friction—often a 50-70% drop-off point—Onmeta accelerates blockchain mainstreaming, influences ecosystem growth through client integrations (e.g., DeFi Kingdoms, Onramper), and supports India's fintech export ambitions as a homegrown player.[2][4][6]
Onmeta is poised for accelerated expansion, targeting Vietnam and Indonesia next while deepening multi-chain support and compliance tools to capture more Web3 gaming and DeFi volume.[4][6] Trends like tokenized remittances, AI-driven compliance, and SEA's crypto boom will shape its path, potentially evolving it into a full-stack Web3 payment layer. As founders leverage Rapido-honed scaling expertise, expect partnerships with more global wallets and Series A funding to fuel dominance in underserved markets—turning today's on-ramp reliability into tomorrow's Web3 infrastructure backbone.[4][6] This positions Onmeta as a quiet force making crypto as seamless as UPI, echoing its mission to connect real-world finance to decentralized futures.[7]
Onmeta has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $2.0M Seed | Sia Kamalie | Accel, Rajan Anandan, Polygon, Kunal Shah, Ganesh Swami, Hiro Mashita, Madhur Deep, Nitish Mittersain, Sandeep Nailwal, GSF, Luno Expeditions, Polygon Studios |