Acquisition
Jul 2026Cypher was acquired by Nium; founder Kuberan Marimuthu and the engineering team joined Nium.
SourceCrypto Neo-Bank (WhatsApp moment for bank accounts)
Company research
Public company, workplace, funding, and market signals
Overview
Cypher is a Y Combinator-backed crypto wallet/card and on-chain banking platform that lets users swap, bridge, and spend digital assets, and later added Cypher Business and Agent Pay before being acquired by Nium in July 2026 and entering wind-down. Public sources conflict on some basics (for example, founded year and HQ), but the strongest current public signals point to 2021 and the San Francisco Bay Area.
Primary product
Non-custodial multi-chain crypto wallet with a crypto card and on-chain banking/spend products
Founded
2021
Headquarters
San Francisco Bay Area, California, United States
Team size
10-20
Industry
Software Development
Sub-industry
crypto neobank / on-chain banking / web3 payments
Offices
Fremont, California, United States
Business model
consumer wallet/card
premium subscription
business expense management for Web3 teams
card issuance
payments infrastructure
Funding
Stage
Acquired
Total raised
$4.8M
Latest round
Acquired by Nium · Jul 2026
People & investors
Leadership
Founder & CEO
Co-Founder
Co-Founder & CTO
Head of Engineering
Growth & Marketing
Work & culture
Public hiring and product posts describe a small, scrappy, high-ownership team that values transparency, candor, flexibility, open-source innovation, strong user focus, and shipping quickly.
Compensation
Public job postings showed roughly $150K-$250K base pay plus 0.5%-3% equity for a senior/founding role, along with benefits like unlimited vacation, health insurance, catered meals, and gym membership; other postings described research-driven salary and equity.
Benefits
unlimited vacation days
health insurance
catered lunch/dinner
elite gym membership
company library
partially subsidized health care
100% remote work
research-driven salary and equity
Product & market
Pricing
Freemium consumer wallet/card with a Premium subscription tier plus business/account and card-issuance fees
Differentiators
- —non-custodial wallet and card
- —cross-chain swaps and bridges
- —spend crypto anywhere via card
- —support for 15+ chains and 500+ tokens
- —business spend controls from self-custodial wallets
- —AI-agent payment tooling
- —Premium perks such as zero-fee USDC loads and rewards
Technology
React Native
Vue.js
React
TypeScript
JavaScript
Solidity
web3.js
ethers.js
Python
Go
Node.js
AWS
GitHub
Travis CI
IPFS
Ethereum
Solana
Cosmos
Tron
Intercom
Customers
mainstream crypto users
web3 teams
DAOs
crypto-native businesses
AI agents
Competitors
Phantom
Coinbase Card
Crypto.com Visa
BitPay Card
imToken
Ripio
Scale & contact
Estimated revenue
≈$1.5M-$1.8M ARR (public estimate)
Estimated monthly visits
27.9K
Traffic estimate as of May 2026
Signals & risks
Shutdown
Sep 2026Cypher announced a wind-down: the app, dApp, business portal, and CYPR protocol/token ecosystem are scheduled to shut down on September 6, 2026.
SourceJobs and careers at Cypher
0 jobs at Cypher
No open positions
Check back later for new openings