Crossmint Raises $23.6M to Revolutionize Blockchain for Businesses and AI Solutions
Crossmint, a leading all-in-one blockchain platform for businesses, has recently raised an impressive $23.6 million in a funding round spearheaded by Ribbit Capital. This investment marks a significant milestone in Crossmint’s journey, especially as the company has experienced a staggering 1,100% surge in subscription revenue in 2024.
About Crossmint’s Innovative Blockchain Solutions
Crossmint provides businesses with user-friendly tools to develop blockchain applications with minimal coding requirements. Their platform allows companies to:
- Integrate wallets
- Facilitate tokenization
- Manage payments
- Set up onramps without needing advanced blockchain knowledge or digital asset holdings
Consumer Engagement Made Easy
Consumers can seamlessly interact with blockchain-based services using traditional methods such as Face ID and email sign-ups, effectively sidestepping gas fees and technical complexities. Currently, over 40,000 businesses and developers, including international brands like Adidas and Red Bull, leverage Crossmint’s services.
Crossmint’s Impact Across Various Sectors
Crossmint is empowering businesses across diverse industries to:
- Integrate stablecoins
- Enhance supply chain transparency
- Develop interoperable rewards programs
Additionally, startups are utilizing the platform to accelerate the development of blockchain applications.
Future Prospects: AI and Blockchain
Co-founder Alfonso Gomez-Jordana emphasized the transformative potential of AI in commerce, stating, “AI agents are reshaping commerce. Soon, they will autonomously manage tasks like grocery shopping or personal styling. Traditional payment systems weren’t designed for AI agents—but blockchain is. Crossmint is building the infrastructure to support this next evolution.”
Endorsement from Ribbit Capital
Ribbit Capital partner Zack Rosen praised Crossmint’s influence, noting, “Crossmint has demonstrated its ability to unlock new revenue streams and drive cost efficiencies for major brands while building the financial infrastructure for the next generation of AI-powered applications. We are excited to support Crossmint as they continue enabling enterprises and developers to innovate on-chain.”
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