OneBalance, a London-based crypto software company, has raised $20 million in a Series A led by venture capital firms Cyber Fund and Blockchain Capital, the company announced on Wednesday. The round included participation from Mirana Ventures and L2IV and brings the company’s total funding to $25 million. OneBalance declined to disclose its valuation in this round.
OneBalance, founded in 2024, aims to build software that will make it possible for non-crypto-native software engineers to build applications that use crypto, CEO Stephane Gosselin told Fortune. The company’s main product, which launched on Wednesday, is a toolkit—a collection of software tools and libraries—that lets developers integrate into applications the ability to trade memecoins, swap tokens, and facilitate peer-to-peer payments, among other things.
“They [developers] can focus on their product and how to create the user experience, while having a reliable way to do transfers, swaps, and earning yield,” Gosselin said.
With an increasing number of non-crypto companies—including Meta and Google—considering integrating stablecoins in some manner, Gosselin says software like his will make it easier for companies to add blockchain technology to their services.
“They don’t necessarily know how to be able to execute reliability on-chain, and the last thing they want to do is start to expose a lot of that complexity to their users,” Gosselin said.
The toolkit launched with support for Ethereum, Polygon, and other Ethereum Virtual Machine blockchains. OneBalance will introduce support for Solana at the end of this month, the company said.
OneBalance will charge a fee for each transaction processed by a platform that integrates the toolkit, Gosselin said. “We want to make money when our customers make money,” he added. “If our customers decide to monetize and to do this with us, then we will keep a small fee on top of that.”
OneBalance is among a number of crypto companies seeking to make application development simpler. Reown and Privy, for instance, both offer standard developer kits, or SDKs, that aim to make it easier for engineers to integrate crypto wallet functionality into their applications. Another example is Helius, a developer platform focused on eliminating complexities for application engineers trying to build on the Solana blockchain.
Gosselin says his company will use the money raised in this round to expand the capabilities of its flagship product by integrating functionality for additional blockchains.
This story was originally featured on Fortune.com
