Neutronpay

Neutronpay operates as a technology firm specializing in payment solutions built upon the Bitcoin Lightning Network. Founded in 2018 by Albert Buu, the company aims to facilitate more efficient digital transactions. Buu, an early Bitcoin adopter with a background in fintech, established Neutronpay to bridge the gap between traditional finance and cryptocurrency, initially focusing on the Vietnamese and broader Southeast Asian markets. The core team, including COO Malcolm Weed, possesses experience in payments and banking from ventures like Hyperwallet, which was acquired by PayPal.

The company's business model is centered on providing infrastructure for near-instant, low-cost global payments, thereby addressing the delays and high fees associated with traditional systems like wire transfers. Neutronpay primarily serves business-to-business (B2B) clients by offering a developer-friendly API that allows companies to integrate Lightning Network payments into their existing applications and services. This enables use cases such as seamless cross-border transactions, global salary payments, and online merchant processing without the risk of chargebacks. The company also offers a mobile application for individuals and businesses, designed for sending, receiving, and making payments. A key feature is the fiat bridge, which permits users to receive Bitcoin payments and instantly convert them into various local currencies, mitigating volatility risk.

Neutronpay has secured a total of $3.75 million in seed funding over two rounds. The first round in June 2022 raised $2.25 million, led by Hivemind Ventures, with participation from firms like Lightning Labs and Republic. A subsequent bridge round in March 2024 brought in an additional $1.5 million, led by Axiom Capital, to fuel expansion across Southeast and Northern Asia. The company has established partnerships with other fintech firms, such as DitoBanx, to facilitate remittances between Canada and Latin America, and with Premise, to enable users of the data-gathering platform to cash out their earnings in Bitcoin.

Keywords: Bitcoin Lightning Network, payment gateway, cross-border payments, B2B API, fintech infrastructure, digital payments, cryptocurrency transactions, remittance solutions, fiat off-ramp, mobile payments, Albert Buu, Southeast Asia fintech, payment rail, instant settlement, low-fee transactions, merchant services, digital wallet, financial technology, payment innovation