ONMETA
ONMETA provides fiat-to-crypto and crypto-to-fiat payment infrastructure for Web3 applications.
Founders
Co-Investors
Skycatcher
GSF
Luno Expeditions
OnMeta Business model
Onmeta operates on a B2B2C model, providing fiat-to-crypto and crypto-to-fiat payment infrastructure for Web3 applications. It partners with Web3 companies such as wallets, games and dApps, enabling their users to easily buy or sell digital assets using local payment methods like UPI, bank transfers and cards. Onmeta earns revenue through transaction fees and platform integrations, offering a seamless, compliant and localized payment experience. By simplifying access to digital assets for end-users and removing friction for Web3 platforms, Onmeta plays a critical role in driving crypto adoption, especially in emerging markets.
Why we invested
We invested in Onmeta because it solves one of the biggest pain points in Web3 today: the difficulty of onboarding users into crypto with local fiat currencies. For most users, buying or selling digital assets still requires navigating complex crypto exchanges, dealing with high fees or lacking access to easy payment options. Onmeta fixes this by offering seamless, low-friction solutions directly integrated into Web3 apps, using familiar payment methods like UPI, bank transfers and cards. The company is tapping into the fast-growing global crypto payments market and especially into emerging markets like India, where over 200 million people are projected to own crypto by 2030.
Onmeta is solving the crucial last-mile problem for crypto adoption. With Web3 apps rapidly expanding and needing easy, compliant ways to let users move in and out of crypto, Onmeta has positioned itself as a core infrastructure layer. Its plug-and-play model is already being used by leading dApps and wallets such as NFTically, Growspace, Ronin Wallter and as the number of Web3 users grows; from around 420 million today to a projected 1 billion by 2030, the demand for simple, reliable fiat-to-crypto solutions will skyrocket.
Where's OnMeta headed
Onmeta has exhibited impressive growth since its product launch in April 2022. Within just four months, the company processed over $1 million in transactions for more than 15 decentralized applications (dApps) focusing on the Indian market. This rapid adoption underscores Onmeta's ability to address a critical need in the Web3 ecosystem by simplifying fiat-to-crypto transactions. The company's commitment to compliance is evident in its registration with India's Financial Intelligence Unit (FIU), positioning it as a leader in the regulatory domain within the crypto space.
With a lean team of approximately 25 employees, primarily focused on engineering, Onmeta has efficiently utilized its $1.5 million seed funding to expand its fiat currency support and enhance team capabilities. Developing countries crypto user base is expected to grow from a few million to over 100 million in the coming years. Onmeta's strategic focus on emerging markets and its seamless integration with local payment methods like UPI and bank transfers, position it to capture a significant share of this expanding market, with the potential to be an ICO candidate.