Onboard
3 known investors
Onboard is a cross-border payments provider for African and global businesses that lets them collect, pay out, and hold both fiat and stablecoin balances without needing a foreign entity. It offers a self-serve business app, an API for fintechs building payout and multi-currency infrastructure, and an OTC desk with locked FX rates for large trades.
Also known as Onboard Business Β· Onboard Global Β· onboard.xyz
Investors Β· 3
Company profile
researched Aug 2026Onboard (onboard.xyz) operates a cross-border payments and FX platform. Its core product, Onboard Business, is a business account through which companies can receive funds and pay out in USD, GBP, EUR, local currencies (Naira, Cedis, Rupiah, Shillings) and stablecoins (USDT, USDC). Money movement is supported over ACH, wire, SWIFT, Faster Payments (GBP), SEPA (EUR), local currency rails and stablecoin transfers. The company states settlement times of 0-2 business days for USD and within minutes for GBP, EUR, local currencies and stablecoins. Additional features include multi-currency hold and conversion, real-time payouts, an API for embedding FX, payouts, stablecoin wallets and account issuance, and dedicated account-team support. Corporate USD cards are described as coming soon.
Alongside the business product, Onboard offers a consumer-facing virtual card, the Onboard Flex Card, a USD card usable for online payments, subscriptions, international purchases and in-store payments via Apple Pay and Google Pay. The first card is free with up to three Flex Cards per user and a $2 creation fee for additional cards; stated limits are $5,000 daily and $20,000 monthly, with higher limits available on request. Cards can be funded from local currency or stablecoins and can be frozen or deleted from the app.
Onboarding for business customers runs through a KYB application at business.onboard.xyz/apply, which the company says typically takes 5-10 minutes to complete with account provisioning within about 24 hours. API documentation is published at docs.onboard.xyz and access is available to every verified business.
Business model
Onboard sells a multi-currency business account and payments API directly to companies, and also provides cross-border rails to fintech and payment companies that resell or embed the capability. A consumer virtual USD card product sits alongside the business offering.
Transaction-based pricing disclosed on the company site: USD transfers cost 0.5% plus the payment-method fee (SWIFT, ACH or wire); stablecoin withdrawals 0.1%; GBP and EUR a flat Β£1/β¬1 per transaction; all other currencies free. On the card product, the first virtual card is free and subsequent cards cost $2 each, with possible fees for funding and currency conversion.
Traction
Publicly disclosed traction is limited to the company's own statements that it is backed by Coinbase Ventures, Electric Capital, Serena Ventures and more than 25 other companies, plus a roster of named angel investors.
Latest developments
The company has announced that EUR and GBP deposits and withdrawals are live on Onboard Business, and lists corporate USD cards as a forthcoming product.
βΈFull profile β market position, technology, go-to-market, geography, risks & controversies
Market position
Positions itself against traditional bank transfers and consumer money-transfer products by emphasising transparent quoted rates, absence of hidden fees or fund holds, faster settlement and volume limits suited to business use. Emphasises coverage of African currency corridors alongside USD, GBP and EUR, and licences/registrations across the US, Canada and Nigeria.
Stated points of difference are quoted-rate transparency ("the rate you see is the rate you pay"), no unexplained fees or holds, business-scale volume limits, minutes-level settlement on GBP, EUR, local currencies and stablecoins, a dedicated human account team rather than ticket-based support, and combined coverage of fiat bank rails, African/Asian local currencies and stablecoins through one integration and API.
Technology
The platform combines multi-currency account issuance, FX conversion and payout execution across bank rails (ACH, wire, SWIFT, Faster Payments, SEPA), local African and Asian currency rails, and stablecoin networks (USDT, USDC). A public API, documented at docs.onboard.xyz, exposes stablecoin wallets, local-currency payouts and account issuance for embedding in third-party products. Card features include Apple Pay and Google Pay tokenisation, and the company cites encryption, multi-factor authentication and fraud protection controls.
Go-to-market
Self-serve online application with KYB review, supplemented by a content/blog channel covering FX fees, supplier payments and receiving USD payments internationally. A direct account-team support model is offered to business customers, and an API channel targets fintechs that want to embed the rails rather than build them.
Businesses with recurring FX volume: importers and traders settling international trade invoices, e-commerce businesses collecting multi-currency revenue, digital agencies and startups billing international clients and paying distributed teams or contractors, fintech and payment companies needing cross-border rails via API, and liquidity providers seeking access to African and global currency corridors. The card product targets individual users spending globally on subscriptions, travel and everyday payments.
Geography
Regulatory presence described across three continents: FinCEN-registered money services business in the United States (Onboard Digital), FINTRAC-registered MSB in Canada (GoPay Financial), and operations in Nigeria backed by CBN- and SEC-licensed infrastructure. Banking and payment partners are cited across Nigeria, Europe and Asia. Supported local currencies span Nigeria (NGN), Ghana (GHS), Indonesia (IDR) and shillings, and content targets markets including Indonesia.
Risks & controversies
No controversies are reported in the available sources. The available material is almost entirely self-published by the company; funding amounts, valuation, headcount, founding date and headquarters are not disclosed in any source reviewed. Regulatory status depends on registrations held by affiliated entities (GoPay Financial in Canada, Onboard Digital in the US) and on third-party licensed infrastructure in Nigeria.
Compiled by commissioned research from 8 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· 3
launches, deals, and filingsOnboard Business added support for EUR and GBP deposits and withdrawals, settling via SEPA and Faster Payments respectively.
Onboard offers the Flex Card, a virtual USD card for online payments, subscriptions and in-store payments via Apple Pay and Google Pay, fundable from local currency or stablecoins.
Onboard states it operates as a regulated financial entity through Onboard Digital, registered with FinCEN in the United States, and GoPay Financial, registered with FINTRAC as an MSB in Canada, and works with CBN- and SEC-licensed infrastructure in Nigeria.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 8
primary sources listed
- Onboardonboard.xyz Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Onboard do?
- Onboard is a cross-border business payments platform offering multi-currency accounts, FX and payouts via bank rails and stablecoins.
- Who are Onboard's investors?
- Onboard's investors include Coinbase Ventures, Electric Capital, Serena Ventures.