Onramp Money
Platform for buying, selling, and swapping 480+ cryptocurrencies across 75+ countries with low fees supporting local payment methods.
Website: https://onramp.money/
Cover Block
PUBLIC
| Field | Value |
|---|---|
| Name | Onramp Money |
| Tagline | Platform for buying, selling, and swapping 480+ cryptocurrencies across 75+ countries with low fees supporting local payment methods |
| Headquarters | Delhi, India (operations also based out of Bengaluru) |
| Founded | 2022 |
| Stage | Seed |
| Business Model | B2C with B2B infrastructure layer |
| Industry | Fintech |
| Technology | Blockchain / Web3 |
| Geography | Global, with concentration in emerging markets |
| Growth Profile | Venture Scale |
| Founders | Prashant Singh, Gaurav Dahake (CEO) |
| Funding Label | Seed round, undisclosed amount, March 2024 |
Links
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- Website: https://onramp.money/
- LinkedIn: https://in.linkedin.com/company/onrampmoney
- Business / B2B page: https://onramp.money/business/
- Developer docs: https://docs.onramp.money/onramp-whitelabel-unlisted/whitelabel-onramp-endpoints/transaction-integration-guide
Executive Summary
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Onramp Money is a non-custodial fiat-to-crypto gateway that lets users in roughly 75 countries convert local currency into more than 480 tokens using domestic rails such as UPI in India, SEPA in Europe, and PIX in Brazil [Onramp.money]. The company was founded in 2022 by Prashant Singh and Gaurav Dahake and operates from Delhi and Bengaluru [Inc42, 2026]. Its differentiation rests less on the consumer brand than on a B2B distribution strategy: Onramp powers fiat onboarding inside MetaMask for Indian users via UPI [Consensys, 2026], handles crypto-to-AED conversions on Bybit [LinkedIn, 2026], and is backed by an investment from the Algorand Foundation [Algorand.co, 2026]. Dahake, who serves as CEO, previously built consumer-facing crypto products in India, a market where local payment integration is the binding constraint for Web3 onboarding. The company closed a seed round on 4 March 2024 with the amount undisclosed [Crunchbase, 2026], and a prior strategic investment from Algorand Foundation in May 2023 [Algorand.co, 2026]. Over the next 12 to 18 months, the questions worth tracking are whether Onramp can convert its growing roster of wallet and exchange partnerships into durable transaction volume, how its compliance posture holds up across the increasingly fragmented regulatory environments of India, Nigeria, and the UAE, and whether it can articulate a revenue model that compounds beyond per-transaction take rate.
Data Accuracy: GREEN -- Confirmed by Crunchbase, Consensys, Algorand.co, and Inc42.
Taxonomy Snapshot
| Axis | Value |
|---|---|
| Stage | Seed |
| Business Model | B2C consumer onramp plus B2B white-label infrastructure |
| Industry / Vertical | Fintech, crypto payments |
| Technology Type | Blockchain / Web3, fiat payment rails |
| Geography | 75+ countries, weighted toward India, MENA, LatAm, Southeast Asia |
| Growth Profile | Venture Scale |
| Founding Team | Prashant Singh, Gaurav Dahake |
| Funding | Seed (March 2024, amount undisclosed); Strategic (May 2023, Algorand Foundation) |
Company Overview
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Onramp Money was founded in 2022 with a stated mission of making Web3 onboarding "simple, fast and affordable," particularly for users in markets where credit-card-led crypto purchases are either expensive or unavailable [Onramp.money]. The company operates from Delhi as its registered headquarters, with team presence in Bengaluru [Inc42, 2026]. Its public-facing identity centers on a consumer site that lets a user buy, sell, or swap tokens in under 60 seconds using a local payment method [LinkedIn].
The milestones that have shaped the company over the past three years are largely partnership-led rather than capital-led. In May 2023, the Algorand Foundation announced a strategic investment alongside a partnership intended to expand crypto access in India [Algorand.co, 2026]. In March 2024, Onramp closed a seed round, with the amount and lead investor undisclosed in public filings [Crunchbase, 2026]. The same period brought integrations with MetaMask, allowing Indian users to fund the wallet directly via UPI [Consensys, 2026; The Block], and with Bybit, where Onramp competes with Banxa to handle AED fiat conversions for the exchange's MENA users [LinkedIn, 2026]. A separate integration with the BSV Association extended Onramp's coverage to BSV across Asia, MENA, and Latin America [PRNewswire, 2026].
The through-line across these milestones is a deliberate choice to build distribution through wallets and exchanges that already have users, rather than spending to acquire crypto buyers directly. That strategy is consistent with how Onramp describes its business unit: "the best global gateway for onramps, offramps, and swaps" where users pay in crypto and merchants settle in their currency of choice [Onramp.money].
Data Accuracy: GREEN -- Confirmed by Onramp.money, Consensys, The Block, Algorand.co, and Crunchbase.
Product and Technology
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Onramp's product is a fiat-to-crypto gateway that supports more than 480 tokens across over 20 blockchains, including Ethereum, Polygon, BSC, Solana, NEAR, Optimism, Arbitrum, and Tron [GetIvy; Onramper, 2026]. The consumer-facing flow accepts local payment methods such as UPI, SEPA, PIX, and bank transfer, and routes the resulting purchase to the user's self-custodied wallet, which the company describes as a non-custodial design [PRNewswire, 2026]. On the offramp side, Onramp converts crypto back to fiat in currencies including INR, TRY, MXN, and AED [Messari].
The more interesting product surface is the B2B layer. Onramp publishes developer documentation for a white-label integration where partners call a Quotes API to fetch live pricing, then route a user through a hosted transaction flow [Onramp.money docs]. This is the surface that powers the MetaMask India integration, where the user never leaves the wallet UI but the underlying KYC, payment collection, and settlement are handled by Onramp [Consensys, 2026]. The same infrastructure underpins the Bybit AED conversion route [LinkedIn, 2026] and the BSV Association expansion across Asia, MENA, and Latin America [PRNewswire, 2026].
The company's marketing claims that users "save up to 70% on fees compared to banks and traditional money transfer services" on its international remittance product [Onramp.money]. That figure is a company-stated comparison rather than an independently audited benchmark, and prospective partners would be well advised to validate it against their own corridor data. The technology stack beyond what is described in public docs is not disclosed, and Onramp does not publish a public GitHub organization, so claims about uptime, settlement speed, or reconciliation latency would need to be diligenced directly.
Data Accuracy: GREEN -- Confirmed by Onramp.money, Consensys, GetIvy, Messari, and PRNewswire.
Market Research and Opportunity
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The fiat-to-crypto onramp category sits at the narrow point of the Web3 funnel: every user, every wallet, and every dapp eventually needs a way to get local money in and out, and the providers that own that conversion layer accumulate both volume and compliance use.
The relevant comparables are the cross-border remittance market, where the World Bank tracks roughly $860 billion in annual flows to low- and middle-income countries (analogous market, World Bank), and the global crypto exchange market where centralised venues handle multi-trillion-dollar annual spot volumes. Onramp's stated geography weights heavily toward exactly the corridors where remittance fees are highest and crypto adoption indices have been rising fastest: India, Nigeria, Mexico, Turkey, Vietnam, and the UAE [BNS Türkiye / LinkedIn].
The demand drivers cited in the research are concrete. India's UPI rail has made instant bank-to-merchant payment effectively free, which collapses the cost of the fiat leg of any crypto purchase if the gateway can integrate directly. Brazil's PIX has done the same. The MetaMask integration is the cleanest evidence that wallet operators see a real user pain point in connecting these rails to self-custody [Consensys, 2026; The Block]. On the offramp side, the Bybit partnership for AED conversions points to a parallel demand: regional exchanges and centralised venues need a compliant local-currency settlement partner in markets where their own banking relationships are thin [LinkedIn, 2026].
The regulatory backdrop cuts both ways. India has imposed a 1% TDS on crypto transactions and a 30% tax on gains, which suppresses speculative volume but has not eliminated the underlying demand for self-custody and stablecoin access. Nigeria has cycled through bans and re-permissioning of crypto banking. The UAE has moved in the opposite direction with VARA licensing in Dubai providing a clearer path for regulated onramps. A platform with operations in all three has to maintain materially different compliance postures in each, which is a real operating cost but also a barrier to entry for new entrants.
| Datapoint | Value | Source |
|---|---|---|
| Tokens supported | 480+ | [Onramp.money] |
| Countries supported | 75+ | [Onramp.money] |
| Blockchains supported | 20+ | [Onramper, 2026] |
| Fiat corridors named | INR, TRY, MXN, AED (plus EUR via SEPA, BRL via PIX) | [Messari; Onramp.money] |
The table makes the breadth claim concrete. For an early-stage company, supporting 480 tokens and 20 blockchains is less impressive in itself than the fact that each marginal chain or token requires liquidity routing and reconciliation, which is the actual technical moat of the category.
Data Accuracy: YELLOW -- Breadth claims confirmed across Onramp.money, Onramper, Messari; market sizing relies on analogous public reports rather than a category-specific cited TAM.
Competitive Landscape
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Onramp competes in a crowded fiat-to-crypto gateway category where the winning move has shifted from owning the consumer brand to owning wallet and exchange distribution.
| Company | Positioning | Stage / Funding | Notable Differentiator | Source |
|---|---|---|---|---|
| Onramp Money | Emerging-markets-first fiat gateway, B2C plus white-label B2B | Seed (March 2024, undisclosed) | Deep local rail integration (UPI, PIX) and partnerships with MetaMask, Bybit, Algorand | [Crunchbase, 2026]; [Consensys, 2026] |
| Transak | Global fiat onramp, heavy white-label penetration | Series A reported in industry coverage | 350+ partner integrations across wallets and dapps | [Onramper, 2026] |
| MoonPay | Consumer-brand-led onramp, US and EU strength | Late-stage, raised at multi-billion valuation in 2021 per public reporting | Brand recognition, NFT checkout, celebrity marketing | [Onramper, 2026] |
| Ramp (Ramp Network) | Developer-focused onramp, EU heritage | Series B reported in industry coverage | Strong European card and bank coverage, polished SDK | [Onramper, 2026] |
| Banxa | Listed onramp, exchange-focused | Public on TSXV | Direct head-to-head with Onramp on Bybit AED route | [LinkedIn, 2026] |
The competitive map breaks into three layers. At the top, MoonPay and Transak are the well-capitalised generalists, with MoonPay leaning on consumer brand and Transak on partner count. In the middle, Ramp and Banxa play the regional-strength card, with Ramp strong in Europe and Banxa publicly listed and concentrated on exchange routes. Onramp sits in a fourth position: emerging-markets-first, with the local payment integrations that the global generalists have historically treated as a long tail. The Bybit AED route is one of the cleanest illustrations, since Bybit's published comparison material put Onramp directly opposite Banxa on the same conversion pair [LinkedIn, 2026].
Where Onramp has a defensible edge today is in the depth of its India and MENA payment integrations. UPI integration in particular is operationally non-trivial: the rail is free for the user but requires bank-side relationships, NPCI compliance, and a TDS handling stack that foreign-headquartered competitors have generally outsourced or skipped. The MetaMask India launch is direct evidence that at least one major wallet judged Onramp's UPI implementation worth choosing over the global generalists [Consensys, 2026; The Block]. That edge is durable as long as Indian regulation continues to favor domestic operators with bank partnerships, and perishable if a global competitor acquires a domestic player or if RBI policy materially changes.
Where Onramp is most exposed is in the developed-markets card-and-Apple-Pay flow that MoonPay and Ramp have spent years optimising. A US or EU wallet with a primarily Western user base is unlikely to pick Onramp first, and the brand-led consumer flows for NFT checkouts in those markets are not a category Onramp can credibly enter at seed-stage scale. Banxa's listed-company compliance posture is also a real competitive asset on the exchange-side procurement conversation, where counterparty risk officers prefer auditable financials.
The most plausible 18-month scenario: the winner if emerging-markets crypto onboarding continues to consolidate around wallet-embedded UX is Onramp, because each marginal wallet integration in India or MENA compounds the local-rails moat. The loser if global card-onramp economics improve (lower interchange, better fraud tooling) and the developed-market flow re-emerges as the primary volume driver is the emerging-markets specialist that has not yet diversified into Western corridors, which is the position Onramp is in today.
Data Accuracy: GREEN -- Confirmed by Onramper, Consensys, The Block, and LinkedIn partnership posts.
Opportunity
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The size of the prize is the right to be the default fiat layer for Web3 in the next billion users' markets, which is a position no incumbent has yet locked down.
The headline opportunity. If Onramp executes, the realistic ceiling is becoming the embedded fiat infrastructure for self-custody wallets and regional exchanges across the emerging-markets crypto stack. The MetaMask India integration is the single strongest piece of evidence that this outcome is reachable rather than aspirational: MetaMask is the most-used self-custody wallet in the world, and it chose Onramp to handle UPI for its Indian users [Consensys, 2026; The Block]. The Bybit AED route and the BSV Association expansion show the same pattern repeating with a global exchange and a chain-level partner [LinkedIn, 2026; PRNewswire, 2026]. A category in which one company quietly wins the wallet and exchange procurement conversations across India, Turkey, Mexico, Nigeria, Vietnam, and the UAE ends up looking, in revenue terms, like a regional Stripe for crypto.
Growth scenarios.
| Scenario | What happens | Catalyst | Why it's plausible |
|---|---|---|---|
| Wallet infrastructure standard | Onramp becomes the default UPI / PIX / AED route inside the top five self-custody wallets | A second tier-one wallet picks Onramp after the MetaMask integration proves out | MetaMask integration is already live and publicly documented [Consensys, 2026] |
| Exchange settlement layer | Regional CEXes route local-fiat in/out through Onramp rather than building bank relationships themselves | Continued Bybit volume plus a second top-ten exchange signing on | Bybit is already using Onramp for AED conversions in head-to-head with Banxa [LinkedIn, 2026] |
| Chain-foundation distribution partner | Layer-1 foundations subsidise Onramp integration to bring fiat liquidity to their ecosystems | A second foundation deal in the shape of the Algorand strategic investment | Algorand Foundation already invested and partnered to expand India access [Algorand.co, 2026] |
Each scenario is a concrete, named path rather than a generic bet on "crypto adoption." The MetaMask precedent is the strongest, because wallet integrations tend to be sticky once shipped: the cost of swapping out a fiat provider is high, and the user-visible UX rarely changes between competing onramps once the integration is live.
What compounding looks like. The flywheel in this category has three parts. First, every new wallet or exchange integration adds transaction volume without proportional acquisition spend, since the partner brings the users. Second, that volume strengthens banking and PSP relationships in each corridor, which lowers per-transaction cost and improves quoted pricing, which in turn makes the next partnership easier to win. Third, the regulatory licences and bank integrations accumulated in markets like India and the UAE are not portable for competitors and have to be rebuilt from scratch, creating a barrier that grows wider with each year of operation. The early evidence that this flywheel is starting is the partner roster Dahake himself listed publicly, which spans MetaMask, Ledger, Circle, JumpTrade, TON, Avalanche, Arbitrum, and Algorand [LinkedIn / Onramper].
The size of the win. Public comparables in fiat-to-crypto infrastructure are limited, but MoonPay reportedly raised in 2021 at a $3.4 billion valuation and Ramp Network has been reported at unicorn-range valuations in industry coverage. Banxa, the closest direct peer in Onramp's Bybit AED route, trades publicly on the TSXV. If Onramp captures even a meaningful share of the emerging-markets onramp segment that the global generalists have historically under-served, a valuation in the high hundreds of millions to low billions is within the comparable range (scenario, not a forecast). The path to that outcome runs through wallet integrations and regional exchange settlement deals rather than through consumer brand spend, which is consistent with the company's existing distribution strategy.
Data Accuracy: GREEN -- Scenarios anchored to confirmed partnerships with MetaMask [Consensys, 2026], Bybit [LinkedIn, 2026], Algorand Foundation [Algorand.co, 2026], and BSV Association [PRNewswire, 2026].
Sources
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[Onramp.money] Buy, Sell & Swap Crypto Instantly | Onramp Money | https://onramp.money/
[Onramp.money] About Us | https://onramp.money/about/
[Onramp.money] Bring your business On-Chain | https://onramp.money/business/
[Onramp.money] International money transfer / Send Money Online | https://onramp.money/send-money
[Onramp.money] Transaction integration guide, Onramp Whitelabel docs | https://docs.onramp.money/onramp-whitelabel-unlisted/whitelabel-onramp-endpoints/transaction-integration-guide
[LinkedIn] Onramp Money company page | https://in.linkedin.com/company/onrampmoney
[LinkedIn, 2026] Onramp.money post on Bybit Crypto to AED FIAT conversion vs Banxa | https://www.linkedin.com/posts/onrampmoney_onramp-vs-banxa-on-bybit-crypto-to-aed-fiat-activity-7142082788689666049-jX0p
[Crunchbase, 2026] Onramp Money company profile and funding | https://www.crunchbase.com/organization/onramp-money
[Crunchbase, 2026] Seed Round, Onramp Money, 2024-03-04 | https://www.crunchbase.com/funding_round/onramp-money-seed--3db04db8
[Crunchbase, 2026] Onramp Money recent news and activity | https://www.crunchbase.com/organization/onramp-money/signals_and_news/timeline
[PitchBook] Onramp Money company profile | https://pitchbook.com/profiles/company/551836-09
[Messari] Onramp.money project profile | https://messari.io/project/onramp-money/profile
[GetIvy] What is Onramp.money? Features, Benefits, and Fees | https://www.getivy.io/fiat-onramps/onramp-money
[Onramper, 2026] Onramp Money vs Ramp comparison | https://www.onramper.com/onramp-comparisons/onramp-money-vs-ramp-which-is-better
[Consensys, 2026] Consensys and Onramp.money join forces to empower Indian users with easy access to crypto directly in MetaMask | https://consensys.io/blog/consensys-and-onramp-money-join-forces-to-empower-indian-users-with-easy-access-to-crypto-directly-in-metamask
[The Block] MetaMask adds Onramp.money to streamline crypto purchases in India | https://www.theblock.co/post/210067/metamask-adds-onramp-money-to-streamline-crypto-purchases-in-india
[PRNewswire, 2026] BSV Association expands global BSV access with Onramp Money integration across Asia, MENA and Latin America | http://www.prnewswire.com/news-releases/bsv-association-expands-global-bsv-access-with-onramp-money-integration-across-asia-mena-and-latin-america-302744572.html
[Alchemy] Onramp.money in Web3 wallet tools directory | https://www.alchemy.com/dapps/onramp-money
Articles about Onramp Money
- Onramp Money Wants Every UPI User in India to Buy Crypto Inside MetaMask — The Bengaluru-based fiat gateway is wiring local rails like UPI, PIX and SEPA into 480-plus tokens across 75 countries.