Coinflow Labs

Coinflow Labs, founded in 2022 by Daniel Lev and Benjamin Meeder, operates as a payment processor designed to bridge the gap between traditional finance and blockchain technology. The company's inception stemmed from a direct need identified by CEO Daniel Lev while developing a fantasy sports application on the Solana blockchain. He encountered significant friction in payment processing, as users wanted to use conventional methods like credit cards and receive winnings instantly in their bank accounts, a feature unavailable at the time. This challenge led to the creation of Coinflow, which was spun off as a separate entity in late 2022, despite the volatile crypto market following the collapse of FTX.

Coinflow provides a comprehensive payment stack that enables businesses, particularly in the Web3 space such as gaming, NFT projects, and digital wallets, to accept traditional payment methods like credit cards, Apple Pay, and Google Pay. The core of its service is the instant settlement of these transactions into stablecoins, which circumvents the multi-day delays typical of traditional merchant payment systems. This model allows businesses to improve cash flow and provides immediate access to funds. For payouts, Coinflow facilitates instant fund disbursement from stablecoins directly to users' bank accounts via real-time payment rails like Visa Direct and the RTP® Network. The company generates revenue through processing fees, currency conversion spreads, and fees for premium enterprise features and treasury management services.

The platform supports businesses in over 170 countries for payment acceptance and offers fund disbursement in the US and EU, with plans for further expansion. Having processed significant transaction volumes, Coinflow has demonstrated substantial growth since its launch in early 2023. The company has secured a total of $3.7 million in funding across two rounds, a pre-seed round in April 2023 and a $2.25 million seed round in May 2024 led by CMT Digital. Key partners include Solana Labs and the decentralized music platform Audius, which utilizes Coinflow to provide faster, more reliable payouts to its artists.

Keywords: payment processor, instant settlement, web3 payments, fiat-to-crypto, stablecoin settlement, chargeback protection, fund disbursement, payment infrastructure, crypto on-ramp, crypto off-ramp, Daniel Lev, Benjamin Meeder, Solana payments, marketplace payments, high-risk payment processing, cross-border payments, real-time payments, API integration, treasury management, fintech