Biconomy
Founded 2019 Β· 27 employees on LinkedIn Β· 24 known investors
Biconomy provides developer tools and APIs that handle transaction infrastructure for blockchain applications. Its services are aimed at Web3 teams that want to abstract away complexities such as gas fees and wallet interactions for their end users.
Also known as bcnmy Β· Biconomy Labs Β· BICONOMY LABS PRIVATE LIMITED
Founders & leadership
Biconomy was founded in 2019 by Aniket Jindal.
Investors Β· 24
Also in the syndicate Β· 10
Company profile
researched Aug 2026Biconomy builds transaction infrastructure for blockchain applications, providing SDKs and APIs that let developers deliver Web2-style user experiences on-chain. Core capabilities include gasless transactions (sponsored gas or gas paid in ERC-20 tokens such as USDC and USDT), batching of multiple operations, cross-chain execution from a single user signature, and delegated permissions for automation. The company describes its stack as a smart wallet and execution engine for DeFi applications and autonomous on-chain agents, usable without applications writing custom smart contracts.
The product set centers on Nexus, an ERC-7579-compliant modular smart account, and the Modular Execution Environment (MEE), an execution layer the company positions as extending beyond ERC-4337 by adding dynamic composable execution, cross-chain orchestration, gas payment from any chain and EOA wallet support. Developers integrate either through the Supertransaction REST API β aimed at teams without deep blockchain expertise, with pre-built integrations to DeFi protocols and automatic bridge/swap routing β or through the AbstractJS TypeScript SDK, a viem-inspired library for custom logic and direct smart-account management. Smart Sessions allow users to grant scoped, constrained permissions (contract whitelists, token and spend limits, specific chains) to agents or bots, working with both smart accounts and EOAs via EIP-7702 or Fusion Execution.
Additional features described include multichain swaps and trading with smart order routing across DEXs, limit orders, TWAPs and conditional execution; scheduled and repeat transactions; and "DeFi Zaps" for one-click supply, withdraw, stake and rebalance actions across chains. Recent engineering work focuses on the ERC-8211 "Smart Batching" standard, including a Smart Batching SDK, quickstart and contracts repositories, and related work on EIP-8141 and native account abstraction.
Founding story
Biconomy was founded in 2019 by Ahmed Al-Balaghi, Sachin Tomar and Aniket Jindal. A secondary profile attributes blockchain and distributed-systems expertise to Al-Balaghi, product development and user experience to Tomar, and business development and strategic partnerships to Jindal. Ahmed Al-Balaghi is identified as CEO in 2021 press coverage.
Business model
Biconomy sells infrastructure to other software teams: applications, wallets, protocols and institutional platforms integrate its APIs and SDKs to handle transaction execution, gas abstraction and automation rather than building the equivalent themselves. Distribution is developer-led through documentation, open-source repositories and a modular SDK, with the company stating integrations require no migration and no custom smart contracts. A native BICO token, launched via an initial DEX offering in late 2021, is used for network governance, staking and payment of network fees, per one secondary source.
The sources do not describe pricing. One secondary database reports Biconomy revenue of βΉ4.2 Cr in FY22, up from βΉ44.6 Lakh in FY21, without breaking down its sources. Network fees payable in the BICO token are mentioned by a secondary source.
Traction
Company-published figures state more than 70 million transactions processed, 4.5 million+ (docs) to 4.7 million+ (GitHub) smart accounts deployed, over $3 billion in volume and 10 million+ users served, with 200+ integrated DEXs, bridges and lending protocols. At the time of the July 2021 raise, the company reported 3.6 million mainnet transactions, $572 million in transaction volume, 30-plus live integrations and over 200 dApp integrations in the pipeline. A 2026 blog case study references $270 million in capital deployed through the Rosetta yield product, and a December 2025 case study cites 500,000+ users on the Overherd platform.
Latest developments
Through 2025β2026 the blog and GitHub show work on the ERC-8211 Smart Batching standard: the Smart Batching SDK (May 2026), an ERC-8211 quickstart and contracts repositories, posts on cross-chain and predicate-based simulation, multi-chain invoice reconciliation, EIP-8141 as a transport for ERC-8211, and a survey of native account abstraction proposals (Q1 2026). Other repositories updated in 2026 include propamm protocol documentation and Arbitrum/Base deployments.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
Biconomy positions itself as an execution and account-abstraction layer for multichain applications, claiming its Nexus account is the most gas-efficient ERC-7579 smart account with 25% lower costs than alternatives. A third-party ownership analysis names Alchemy, Magic, Particle Network and Sequence as comparable companies. Company-reported cumulative figures are 70M+ transactions processed, 4.5β4.7M smart accounts, $3B+ volume and 10M+ users served.
Stated differentiators are the MEE execution layer's support for dynamic composable execution, cross-chain orchestration, paying gas from any chain and EOA support β capabilities the documentation contrasts with plain ERC-4337 β plus a claimed 25% gas-cost advantage for the Nexus smart account, no requirement for customers to deploy smart contracts, and compatibility with embedded wallets, EOAs and institutional custody.
Technology
The stack is built around ERC-4337 account abstraction and beyond: Nexus, an ERC-7579 modular smart account with installable modules for recovery, spending limits, session keys and custom logic and unified addresses across supported EVM networks; and the Modular Execution Environment (MEE), which handles bridge timing, gas management and execution ordering for multi-chain operations signed once by the user. Supporting components include the AbstractJS TypeScript SDK, Supertransaction REST API, smart contracts for cross-chain supertransactions (stx-contracts), and implementations of the ERC-8211 Smart Batching standard. Work described in 2026 blog posts covers post-conditions/predicate-based simulations for batched transactions, cross-chain simulation, multi-chain invoice reconciliation, comparisons to Weiroll, and native account abstraction proposals.
Go-to-market
Developer-first: public documentation, open-source GitHub repositories (142 repositories under the bcnmy organization), a technical blog with case studies of integrations, and two integration paths (REST API and TypeScript SDK) intended to shorten time to integration. Case studies published on the blog cover AI-agent execution, liquidity-pool rebalancing (KOPS), a social platform (Overherd) and a yield-optimization product (Rosetta).
Web3 developer teams building DeFi applications, wallets, gaming and institutional platforms, including teams without in-house blockchain expertise, as well as builders of AI agents and automated on-chain strategies. The GitHub profile states Biconomy is used by wallets, protocols and institutions; it was named as an infrastructure provider to Polygon in 2021 coverage.
Geography
Described in 2021 coverage as a Singapore-incorporated technology company. A secondary database lists a Dubai, United Arab Emirates headquarters and an Indian registered entity, BICONOMY LABS PRIVATE LIMITED; the same source elsewhere states the headquarters as "Dubai, India," and another secondary source says the headquarters location is not publicly available. Products operate across EVM networks including Ethereum, Optimism, Base and Sei, with Polygon named as an early integration.
History
Founded in 2019 and described by its GitHub profile as "trusted since 2019." A $1.5 million seed round including Fenbushi Capital and Binance was reported in January 2021, followed by a $9 million private round announced in July 2021 led by DACM and Mechanism Capital, bringing total disclosed funding at that point to $10.5 million. A secondary source describes a further strategic round in October 2021 with Coinbase Ventures, Binance and Jump Capital, and the launch of the BICO token via an IDO in late 2021. The product line subsequently moved from relayer and gasless-transaction tooling toward smart accounts (Nexus), the Modular Execution Environment and, in 2026, ERC-8211 smart batching tooling.
Risks & controversies
Sources disclose no litigation or controversies. Data-consistency issues exist across sources: headquarters is variously given as Singapore, Dubai and India; smart-account counts differ between the company's docs (4.5M+) and GitHub (4.7M+); and total funding is reported as $10.5M (2021 press) versus $22M+ across three rounds (secondary database). Several claims, including the gas-efficiency advantage, are company-stated and unverified.
Compiled by commissioned research from 7 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 5
launches, deals, and filingsBiconomy shipped the Smart Batching SDK, a TypeScript library implementing the ERC-8211 'Smart Batching' standard without requiring Solidity work; a corresponding smart-batching-sdk repository is public on GitHub.
Private funding round led by DACM and Mechanism Capital with strategic investments from Coinbase Ventures, CoinFund, True Ventures, Bain Capital, NFX, Proof Group, Ledgerprime, Huobi Innovation Labs, Primitive Ventures, Genblock and Rarestone Capital, plus angels including Stani Kulechov (Aave), Hasu, Stephane Gosselin (Flashbots), Prabhakar Reddy (Falcon X) and Arbitrum founders; previous investors Woodstock Fund, Eden Block and Zee Prime Capital participated. Reported total raised to date of $10.5M.
$9M source β
Biconomy launched its native BICO token via an initial DEX offering in late 2021, enabling public token holders to participate in network governance, staking and payment of network fees. In July 2021 the company had said it was gearing up to launch the token.
Forkast reported that Fenbushi Capital and Binance invested in Biconomy's earlier US$1.5 million seed funding round in January 2021.
$1.5M source β
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 7
primary sources listed
- Biconomy Blogblog.biconomy.io Β· web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Biconomy do?
- Web3 infrastructure company offering SDKs and APIs for gasless, cross-chain smart-account transaction execution.
- Who founded Biconomy?
- Biconomy was founded by Aniket Jindal in 2019.
- Who are Biconomy's investors?
- Biconomy's investors include BitDAO, Borderless Venture, Coinbase Ventures, CoinFund, Danu Ventures, Fenbushi Capital, Genblock Capital, Mantle Network and 6 more.