Wyre

Business model

Crypto payments infrastructure and on/off-ramp APIs for other companies to accept cryptocurrency.

In brief

Built widely-used infrastructure letting other fintech and crypto companies accept payments and convert between crypto and fiat currency. A high-profile acquisition by payments company Bolt at a reported $1.5B valuation in 2022 collapsed after Bolt failed to complete the promised…

See the What Happened tab for the full account.