Nume Crypto is a private company founded in 2021, specializing in cryptocurrency payment solutions. The company is headquartered in San Francisco, California, and operates with a team of approximately 6 to 7 employees.
Background
Nume Crypto's mission is to enable financial inclusivity on a global scale through cryptocurrency and blockchain-based technologies. The company aims to provide easy access to the global economy via a borderless, trustless, and economical payments rail.
Key Strategic Focus
The company's strategic focus is on developing a gas-free, scalable, and secure web3 payments protocol tailored for commerce. By leveraging Ethereum's Layer 2 solutions, Nume Crypto seeks to offer efficient and cost-effective cryptocurrency payment processing for businesses and retail customers.
Financials and Funding
In June 2022, Nume Crypto completed a seed funding round, raising $2 million. The funding round attracted notable investors, including:
- Alex Svanevik
- Arjuna Sathiaseelan
- Arun Samudrala
- Balaji Srinivasan
- BEENEXT Capital Management
The capital is intended to support the development and expansion of Nume Crypto's payment platform.
Technological Platform and Innovation
Nume Crypto's platform is built on Ethereum's Layer 2 solutions, specifically utilizing the Polygon zkEVM. This approach enables the company to offer gas-free transactions, enhancing scalability and security for web3 payments.
Leadership Team
The leadership team at Nume Crypto comprises:
- Madhumitha Harishankar, Co-founder and CEO
- Niveda Harishankar, Co-founder and CPO
- Vikram V, Software Engineer
- Shweta Narang, Product Designer
- Sharath Guvvala, Software Engineer
The company also benefits from the guidance of advisors such as:
- Sriram V Iyer (Root Pay)
- Ankit Jain (StepChange)
- Sai Krishna V K (Polygon)
- Venky Dass (Apple)
Competitor Profile
In the cryptocurrency payment solutions sector, Nume Crypto faces competition from established companies like Coinbase Global, SpectroCoin, and CoinGate. These competitors offer various cryptocurrency payment processing services, contributing to a dynamic and competitive market landscape.
Strategic Collaborations and Partnerships
Nume Crypto has secured backing from leading venture capital firms and industry leaders, including:
- Jaynti Kanani (Polygon Technology)
- Gabby Dizon (Yield Guild Games)
- Alexander Svanvik (Nansen.ai)
- Balaji Srinivasan (Former CTO, Coinbase)
- Arjuna Sathiaseelan (GAUIS, Flipped.ai)
- Sanat Rao (Blocktower Capital)
- Teck Chia (Binance, Gnosis Chain)
- Rahul Rai (Blocktower Capital)
- Ravi Iyer (Flipkart)
- Gautam Seshardi (Blowhorn)
- Arun Samudrala (Google)
- Eric Yang (ex-CTO @DFG)
- Eden Holdings
These collaborations strengthen Nume Crypto's market position and innovation capacity.
Strategic Opportunities and Future Directions
Nume Crypto is poised to capitalize on the growing adoption of cryptocurrency payments by offering a gas-free, scalable, and secure web3 payments protocol. The company's focus on financial inclusivity and leveraging Ethereum's Layer 2 solutions positions it to address the needs of businesses and retail customers seeking efficient and economical cryptocurrency payment processing.
Contact Information
- Website: www.numecrypto.com
- Email: support@numecrypto.com
- Headquarters: San Francisco, California, United States
