Fiat to Crypto Payment Gateway Platform Onmeta Raises $1.5m in a Seed Funding

Fiat to Crypto Payment Gateway Platform Onmeta Raises $1.5m in a Seed Funding

Onmeta a begaluru based company, the India focused on ramp and off ramp solution provider regarding crypto segment, has raised $1.5 million by seed funding led by Sky-catcher Funds.

During the process it is also observed  the participation from Luno Expeditions, Polygon Studios, GSF Fund and notable angels including Sandeep Nailwal (Polygon Founder), Madhur Deep (India Head, Alibaba), Ganesh Swami (Covalent CEO), Nitish Mittersain (Nazara Founder), and Hiro Mashita (MD, Sin Growth Partners).

Onmeta provides different enterprise on and off ramp solutions of web3 to help them improve their user experience and accelerate their adoption by instream users. 

This brand was Founded in December 2021 by Bharath T and Krishna Teja Nemani. Onmeta’s product goes live in April 2022. 

Since it is incredible, the start-up claims to have processed US$1 million+ in transactions for b15+ popular Dapps focusing towards the Indian Market. 

The start-up aims to become an incompatible solution which supports all inlead fiat currencies as well as all tokens around all important blockchains.

Currently, it is the only service provider supporting INR fiat on and off ramp which supports 4000+ tokens across Polygons, Ethereum, and Binance are smart chain - blockchains with work underway with supporting 20+ blockchains till the end of 2022.

With 15+ dapps currently using moving forward with solutions including pillow funding, Ticketh-io, NFTically, Uni-farm, Alive house, Poly sports, Grow space, and Komet Wallet.

Onmeta also commits that it brings solution to web2 UX to web3 by providing inhouse I-frame support so that the user doesn’t have to leave the dapp ever. 

This start-up also commits that they want to ensure the web3 developers lever-aging Onmeta can focus on building their core business, while the start-up taken on the responsibility of managing compliance with basic requirements in every sort of support. 

For instance, Onmeta claims that it is in compliance with local regulations also like e-KYC and AML, checks for all the transactions processed within its solutions.

While talking about investments, Sia Kamalie, Founder of Skycatcher said, “Onmeta is building bridges to open India’s active web3 user base from a couple million day to the next day with +100m users. 

Onmeta team is now fully inspired to bring the PayPal or stripe user experience for web3 games and dapps who desires to tap into India’s marketing scale with a one tap solution.”

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