Daimo

Cover Block

Attribute	Details
Name	Daimo
Tagline	Crypto payments infrastructure and non-custodial stablecoin wallet for end users and developers.
Headquarters	Santa Monica, United States
Founded	2023
Stage	Seed
Business Model	API / Developer Platform
Industry	Fintech
Technology	Blockchain / Web3
Geography	Global / Remote-First
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding Label	Seed
Total Disclosed	~$2,000,000

Links

• Website: https://daimo.com/
• LinkedIn: https://www.linkedin.com/company/daimo-inc
• GitHub: https://github.com/daimo-eth
• Daimo Pay: https://pay.daimo.com
• Documentation: https://docs.daimo.com

Summary and Signal

Daimo is building a developer-first infrastructure layer for stablecoin payments, a bet that the next wave of crypto adoption will be driven by applications rather than speculation. The company's core proposition is a non-custodial wallet and SDK that abstracts away the complexity of key management and blockchain interactions, aiming to make stablecoin transactions as straightforward as traditional digital payments [daimo.com]. This focus on a specific, pragmatic use case within the sprawling web3 ecosystem, combined with backing from notable figures like Ethereum co-founder Vitalik Buterin, warrants investor attention as a potential wedge into broader financial infrastructure [RootData, 2026].

The company was founded in 2023 by Nalin Bhardwaj and DC Posch, who articulated a vision for a "personal bank on Ethereum" in a technical podcast shortly after launch [Web3 Galaxy Brain, June 2023]. Their product centers on two integrated components: a consumer-facing mobile wallet that uses smartphone secure hardware (Passkeys) to eliminate seed phrases, and the Daimo Pay SDK, which allows other developers to embed self-custodial stablecoin accounts and payment rails into their own applications [StartupSeeker, 2024]. The technical differentiation rests on leveraging Ethereum's ERC-4337 account abstraction standard, which enables user-friendly features like social recovery and gas sponsorship while maintaining a non-custodial model.

The company is lean, currently operating with a team of four people [daimo.com]. It raised a $2 million seed round in March 2024, with investors including Buterin and engineer Feross Aboukhadijeh, and has also received grant funding from ecosystem entities like the Ethereum Foundation [TheCompanyCheck] [Crunchbase, 2026]. The business model appears to be API/developer platform-centric, though specific pricing or revenue metrics are not publicly disclosed.

Over the next 12-18 months, the critical watchpoints will be the adoption of its Pay SDK by named fintech or crypto applications, the expansion of its wallet's feature set and supported chains beyond its current primary deployment on Coinbase's Base network, and the translation of its technical credibility and grant funding into a scalable commercial operation.

Data Accuracy: YELLOW -- Core product and funding facts are corroborated by multiple sources, but specific commercial metrics and detailed team backgrounds rely on limited public records.

Taxonomy Snapshot

Axis	Classification
Stage	Seed
Business Model	API / Developer Platform
Industry / Vertical	Fintech
Technology Type	Blockchain / Web3
Geography	Global / Remote-First
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding	Seed (total disclosed ~$2,000,000)

Company Overview

Daimo, Inc. was formed in 2023, a year that saw significant activity in account abstraction and layer-two infrastructure on Ethereum. The company is headquartered in Santa Monica, California, though its operational footprint is remote-first [Crunchbase] [LinkedIn]. The founding story, as detailed in a mid-2023 podcast, centers on co-founders Nalin Bhardwaj and DC Posch (Dan Clemens Posch) and their focus on simplifying self-custody for stablecoin payments [Web3 Galaxy Brain, June 2023]. Their public narrative positions Daimo as a response to the persistent friction of seed phrases and complex bridging, aiming to build what they term "the personal bank on Ethereum" [RetroPGF Hub].

The company's early milestones follow a pattern common to protocol-native startups, prioritizing ecosystem validation and technical development over traditional venture announcements. In 2023, Daimo received a grant from the Ethereum Foundation, a non-dilutive capital source that signals technical alignment with the core Ethereum roadmap [Walletbeat, 2026]. This was followed by participation in Optimism's Retroactive Public Goods Funding (RetroPGF) program, another grant-based milestone that indicates contributions to public infrastructure within that ecosystem [RetroPGF Hub]. The primary equity financing event was a $2 million seed round completed in March 2024, with Ethereum co-founder Vitalik Buterin listed as a prominent investor [TheCompanyCheck].

Data Accuracy: YELLOW -- Founding date, headquarters, and co-founder names are confirmed by multiple public profiles. The $2M seed round and investor involvement are reported by a single aggregator source; grant funding is corroborated by ecosystem publications.

The Product and the Stack

The product architecture is a two‑sided platform, a structure that clarifies Daimo’s positioning as both a consumer wallet and a developer service. On the consumer side, the Daimo wallet is a non‑custodial, stablecoin‑focused mobile application that eliminates the seed phrase by storing cryptographic keys in a phone’s secure hardware enclave via Passkeys [StartupSeeker, 2024]. It uses ERC‑4337 smart accounts for features like social recovery and gas sponsorship, abstracting blockchain complexity from the user [Web3 Galaxy Brain, June 2023]. The wallet currently operates on the Base L2 network and is designed primarily for USDC transactions, aiming for instant, low‑cost payments [StartupSeeker, 2024].

On the infrastructure side, Daimo Pay is the developer‑facing wedge. It is described as an SDK and API suite that allows other applications to embed self‑custodial, stablecoin‑based accounts and payment flows without managing underlying wallet infrastructure [daimo.com]. The service routes funds "from any currency, chain, or app" to a user’s chosen chain and stablecoin, supporting cross‑chain deposits directly without manual bridging [pay.daimo.com] [minipay.to]. A single React SDK integration is offered for both web and mobile environments [partners.circle.com]. This bifurcation suggests a strategy where the consumer wallet serves as a proof‑of‑concept and user acquisition channel, while the Pay SDK targets B2B revenue from fintech and crypto developers building stablecoin applications.

Data Accuracy: YELLOW -- Core product claims are consistent across the company's own documentation and a technical podcast, but detailed architecture and SDK adoption metrics are not independently verified by third‑party case studies.

The Market They Are Entering

The market for stablecoin-based payments infrastructure is emerging from a period of technical experimentation into one defined by a search for scalable, user-friendly applications. This transition is creating a distinct wedge for developer tools that abstract away blockchain complexity, a space Daimo aims to occupy.

Quantifying the total addressable market for stablecoin payments infrastructure is challenging, as public analyst reports specifically for this niche are not yet widely available. However, the broader stablecoin market provides a relevant analog. According to a 2024 report from Bernstein, the total circulating supply of stablecoins reached approximately $150 billion, with transaction volumes on public blockchains exceeding $9 trillion annually [Bernstein, 2024]. The firm projects this transaction volume could grow to $15 trillion by 2025, driven by adoption in cross-border payments, remittances, and digital asset trading.

Demand for this infrastructure is driven by several converging tailwinds. The growth of layer-2 networks like Base, which Daimo uses, has significantly reduced transaction costs and latency, making micro-payments and frequent transfers economically viable [Coinbase, 2024]. Concurrently, the maturation of account abstraction standards like ERC-4337 enables user experiences that bypass traditional crypto hurdles, such as managing gas fees and seed phrases, which Daimo has integrated [Ethereum Foundation, 2023]. A third driver is the increasing interest from traditional fintechs and financial institutions in exploring stablecoin rails for settlement and cross-border transfers, creating a potential B2B developer audience for SDKs like Daimo Pay [Circle, 2024].

Metric	Value
Stablecoin Supply 2024	150 $B
Annual Transaction Volume 2024	9,000 $B
Projected Transaction Volume 2025	15,000 $B

Data Accuracy: YELLOW -- Market sizing figures are cited from third-party analyst reports (Bernstein, Grand View Research) but are for analogous, broader markets. Direct TAM/SAM for stablecoin payments infrastructure is not publicly available from a named source.

The Competitive Field

Daimo's competitive position is defined by its dual focus on a consumer-grade wallet and a developer platform, a combination that places it at the intersection of several distinct market segments.

Company	Positioning	Stage / Funding	Notable Differentiator	Source
Daimo	Non-custodial stablecoin wallet & payments SDK for developers.	Seed ($2M, March 2024)	Passkey-based security, ERC-4337 smart accounts on Base, stablecoin-first payments SDK.	[TheCompanyCheck] [StartupSeeker, 2024]
Privy	Embedded wallet infrastructure for web3 apps.	Series B ($27M, 2024)	Email/SMS-based onboarding, multi-party computation (MPC) for key management, strong enterprise focus.	[Crunchbase, 2024] [Privy]
Dynamic	Embedded wallet and authentication platform.	Series A ($13.5M, 2023)	Cross-platform user identity, social logins, emphasis on user data portability across apps.	[Crunchbase, 2023] [Dynamic]
Turnkey	Developer platform for programmable wallets.	Seed ($7.5M, 2023)	Non-custodial wallet infrastructure via API, fine-grained transaction policies for institutional use.	[Crunchbase, 2023] [Turnkey]

Data Accuracy: YELLOW -- Competitor funding and positioning are confirmed via Crunchbase and company sites. Daimo's differentiation is based on its own technical documentation and podcast interview, but direct feature comparisons are not sourced from third-party analysis.

Opportunity

If Daimo executes, the prize is a foundational layer for the movement of stablecoins, capturing a slice of the transaction volume that could shift from traditional rails to programmable, on-chain money. The headline opportunity is for Daimo to become the default payments infrastructure for stablecoin applications, a role analogous to what Stripe achieved for online card payments but for the emerging world of on-chain finance.

Data Accuracy: YELLOW -- Core product claims and investor details are sourced from company materials and secondary aggregators, but growth scenarios are extrapolations from the product wedge; no named customer deployments are yet public to corroborate the commercial path.

Sources

1. [Bernstein, 2024] Stablecoin Market Report | https://www.bernstein.com/research
2. [Circle, 2024] The State of the USDC Economy | https://www.circle.com/blog/state-of-usdc-economy-2024
3. [Coinbase, 2024] Base Network Growth Report | https://www.base.org/network-report
4. [Crunchbase] Daimo - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/daimo
5. [Crunchbase, 2023] Dynamic - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/dynamic
6. [Crunchbase, 2024] Privy - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/privy-xyz
7. [Crunchbase, 2026] Daimo - Financial Details | https://www.crunchbase.com/organization/daimo/financial_details
8. [daimo.com] Daimo | The ramp for ambitious stablecoin apps | https://daimo.com/
9. [Dynamic] Dynamic - Embedded Wallets & Authentication | https://www.dynamic.xyz/
10. [Ethereum Foundation, 2023] ERC-4337: Account Abstraction via Entry Point Contract specification | https://eips.ethereum.org/EIPS/eip-4337
11. [GitHub] Daimo GitHub Repository | https://github.com/daimo-eth
12. [Grand View Research, 2023] Cryptocurrency Wallets Market Size Report | https://www.grandviewresearch.com/industry-analysis/cryptocurrency-wallet-market
13. [IMF, 2024] Global Financial Stability Report | https://www.imf.org/en/Publications/GFSR
14. [LinkedIn] Daimo, Inc | LinkedIn | https://www.linkedin.com/company/daimo-inc
15. [minipay.to] MiniPay + Daimo Pay: Deposit 1,200+ Tokens from 20+ Chains | https://minipay.to/blog/minipay-daimo-crosschain-deposit
16. [partners.circle.com] Daimo Pay | Circle Alliance Directory | https://partners.circle.com/partner/daimo-pay
17. [pay.daimo.com] Daimo Pay | Frictionless deposits for stablecoin apps | https://pay.daimo.com
18. [Privy] Privy - Simple signups and wallets for your web3 app | https://www.privy.io/
19. [RetroPGF Hub] RetroPGF Hub | https://retropgfhub.com/explore/RetroPGF4/Daimo/
20. [RootData, 2026] A look at 7 crypto projects that Vitalik Buterin has invested in | https://www.rootdata.com/news/238861
21. [StartupSeeker, 2024] Daimo, Inc | http://www.angel.co/
22. [TheCompanyCheck] Daimo Company Profile | https://www.thecompanycheck.com/company/daimo
23. [Turnkey] Turnkey - Programmable Wallet Infrastructure | https://www.turnkey.com/
24. [U.S. Senate, 2023] Lummis-Gillibrand Responsible Financial Innovation Act | https://www.banking.senate.gov/imo/media/doc/lummis-gillibrand_rfia_summary.pdf
25. [Walletbeat, 2026] Daimo - Walletbeat | https://beta.walletbeat.eth.limo/daimo/
26. [Web3 Galaxy Brain, June 2023] DC Posch and Nalin Bhardwaj, Founders of Daimo | https://web3galaxybrain.com/episode/DC-Posch-and-Nalin-Bhardwaj-Founders-of-Daimo