Spherepay
Wilmington, US · Founded 2022 · 65 employees on LinkedIn · 3 known investors
Sphere provides stablecoin-based cross-border payment infrastructure, offering REST APIs, SDKs, a self-serve dashboard, and embedded fiat on/off-ramps that settle in under 30 minutes across more than 160 markets. It serves businesses such as neobanks, exchanges, PSPs, marketplaces, payroll platforms, and trading firms for dollar access, cross-border payments, and treasury and liquidity management.
Also known as Sphere · Sphere Labs · SpherePay
Founders & leadership
Spherepay was founded in 2022 by Luigi Charles.
Investors · 3
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Company profile
researched Aug 2026SpherePay is a business-to-business payments platform and API suite for moving value between fiat currencies and stablecoins. The product set spans lightweight REST APIs and SDKs, a no-code self-serve dashboard for sending and receiving payments and monitoring balances and counterparties, a "Private Desk" for high-touch OTC transfers with FX pricing and routing support, and a white-label "Embedded Ramp" that lets a customer's end users buy or sell stablecoins with fiat using roughly 20 lines of JavaScript.
The platform covers USD, EUR and BRL on the fiat side and USDC, USDT and EURC on the stablecoin side, connecting bank rails including ACH, wire, SEPA and PIX with stablecoin networks including Solana, Ethereum, Polygon, Base, Avalanche, Arbitrum, Tron, Sei and Aptos. The integration model is built around three primitives — customers (onboarded through KYC for individuals or KYB for businesses), transfer instruments (linked bank accounts or crypto wallets) and transfers (on-ramp or off-ramp). Additional products include Onramper Accounts, virtual bank accounts that automatically convert fiat deposits into stablecoins, and Offloader Wallets, which convert incoming stablecoins into fiat payouts. Documented use cases include payroll for W-2 employees and 1099 contractors, payment acceptance settled to a wallet or protocol contract, currency-pair trading using stablecoins as the bridge (BRL↔USD, USD↔EUR), and cross-border trade finance.
SpherePay is built by Sphere Labs, which also describes a second product, SphereNet: a shared ledger built on a Solana Permissioned Environment intended for regulated global value transfer, using cryptography, neutral governance and built-in compliance controls.
Business model
Sphere sells payment and money-movement infrastructure to other businesses, delivered as APIs/SDKs, a self-serve dashboard, white-label embedded ramps and a high-touch OTC desk. Pricing terms are not disclosed in the available sources; the company references FX pricing and routing optimization and states that customers avoid hidden spreads and fees.
Traction
Sources describe businesses using Sphere at scale for cross-border settlement but disclose no customer counts, volumes or revenue figures.
Latest developments
In August 2026 the company published product updates covering enhanced verification for individual customers in the EEA+ region in line with MiCA, and the availability of Onramper Accounts — dedicated zero-balance static routing accounts for automated fiat-to-stablecoin conversion — in the dashboard. Documentation was last modified in June 2026. Sphere Labs is also developing SphereNet, a permissioned shared ledger for regulated value transfer.
▸Full profile — market position, technology, go-to-market, geography, risks & controversies
Market position
Positions itself as a unified money-movement layer that replaces multiple point integrations for on/off-ramps, FX, custody and compliance, targeting businesses that would otherwise rely on correspondent banking.
Claimed differentiators include settlement in under 30 minutes across 160+ markets, elimination of prefunding through just-in-time settlement on local rails, a single API covering on/off-ramps, FX, custody and compliance, embedded KYC/AML workflows, and on-chain traceability for compliance and reconciliation.
Technology
A single API and compliance layer spans fiat and stablecoin rails. Supported fiat rails include ACH, wire, SEPA and PIX; supported blockchains include Solana, Ethereum, Polygon, Base, Avalanche, Arbitrum, Tron, Sei and Aptos; supported currencies and tokens include USD, EUR, BRL, USDC, USDT and EURC. The v2 API exposes endpoints for creating customers, registering bank accounts and wallets, and creating transfers, with KYC/KYB verification required before transfers. Automated products include Onramper Accounts (virtual accounts converting fiat deposits to stablecoins) and Offloader Wallets (converting inbound stablecoins to fiat payouts). Sister product SphereNet is described as a privacy-preserving permissioned shared ledger on a Solana Permissioned Environment.
Go-to-market
Self-serve developer-led entry via public documentation, API keys and SDKs, complemented by a no-code dashboard, white-label embeds distributed through partner products, and a high-touch private desk for strategic OTC flows.
Fintechs and institutions moving money across borders, specifically neobanks and digital wallets; exchanges, brokers and liquidity platforms; PSPs, marketplaces and payroll platforms; importers, exporters and trading firms; and businesses operating in emerging markets where local banking access to USD is limited.
Geography
The company states settlement in under 30 minutes across more than 160 markets. Named corridors and rails cover the United States (ACH, wire), Europe (SEPA, EUR/EURC) and Brazil (PIX, BRL), with enhanced individual verification supported for the EEA+ region in line with MiCA.
Risks & controversies
No controversies are reported in the available sources. Note that several similarly named entities exist (a Nashville-based integrated payments company and an identity-hygiene software vendor, both branded "Sphere"); those are unrelated to spherepay.co.
Compiled by commissioned research from 6 cited public sources — 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 — not independently audited.
Timeline · 2
launches, deals, and filingsSphere made Onramper Accounts — dedicated zero-balance, static routing accounts that automatically convert fiat deposits into stablecoins — available through its dashboard.
Sphere announced support for enhanced verification of individual customers in the EEA+ region, in line with MiCA requirements.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- Spherepayspherepay.co · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Spherepay do?
- Sphere (SpherePay) provides a stablecoin-based API and dashboard for cross-border payments, on/off-ramps and treasury flows.
- Who founded Spherepay?
- Spherepay was founded by Luigi Charles in 2022.
- Who are Spherepay's investors?
- Spherepay's investors include Coinbase Ventures, Triton Capital, Solana Ventures.
- Where is Spherepay headquartered?
- Spherepay is headquartered in Wilmington, US.