Loopcrypto

About Loopcrypto

Loopcrypto Inc. operates as a payment processor facilitating cryptocurrency transactions for businesses. The company was founded in 2021 by Eleni Steinman and Shane van Coller. The founders, who have been collaborating in the crypto space since 2018, identified a significant gap in the market while working at a previous startup. They experienced firsthand the operational challenges of manually processing monthly crypto subscription payments, which felt archaic compared to traditional finance's automated systems. This disconnect between the promise of web3 and the user experience for recurring billing was the catalyst for creating Loopcrypto.

The firm provides the necessary infrastructure for merchants, e-commerce platforms, and billing software providers to accept stablecoin and crypto payments. Loopcrypto's core offering addresses various payment types, including one-time purchases, invoicing, and, most notably, recurring subscriptions through a native autopay function. This autopay feature is a key differentiator, allowing businesses to automatically pull funds from a customer's authorized, non-custodial wallet each billing cycle, which helps to reduce customer churn. The platform is designed to integrate with existing billing systems such as Stripe, Chargebee, and OpenPay, enabling merchants to manage all payment types within a single system of record. This approach allows businesses to add a crypto payment option without overhauling their existing financial operations. Revenue is generated by providing these payment processing tools and services.

Loopcrypto's platform functions as both a payment gateway and processor, handling transaction facilitation, security, and settlement. Merchants can choose to receive payouts in either fiat currency or stablecoins. The system supports a wide array of wallets (over 500, including MetaMask and Coinbase Wallet) and multiple blockchain networks, primarily focusing on EVM-compatible chains and Solana. By abstracting away the complexities of different networks and tokens, Loopcrypto aims to make accepting digital currencies as straightforward as traditional payment methods. The company has recently partnered with Lead Bank to further streamline the process for businesses to accept crypto payments through a regulated, integrated platform.