Headquarters: New York, New York
Uphold serves 184+ countries, across 250+ currencies (traditional and crypto) and commodities with frictionless foreign exchange and cross-border remittance for members around the world. Since their launch in 2015, Uphold has powered more than US$4+ billion in transactions. Uphold is a multi-asset digital money platform offering financial services to a global market. Uphold's unique ‘Anything-to-Anything’ trading experience enables customers to trade directly between asset classes with embedded payments facilitating a future where everyone has access to financial services. Built on a core of proprietary technologies and e-money apps, Uphold embraces a future where people and businesses around the world have access to safe, transparent, fair, and affordable financial services.
Uphold allows individuals and businesses to seamlessly exchange a wide universe of assets in one easy step.
Uphold’s “Anything to Anything” interface allows customers to instantly and directly exchange one asset for another.
Its platform currently supports 27 national currencies, 250+ digital currencies, 50+ US Stocks, and multiple precious metals, along with offering bank connectivity in 150 countries.
Uphold saw its customer base double in 2020.
Uphold has the ability to provide superior liquidity compared to peers, as a broker-dealer drawing liquidity from 15 different exchanges.
The Uphold Card allows you to pay with crypto, precious metals, and more, earning 1% cash back and 2% crypto back.
Uphold’s platform provides B2B solutions such as instant pay-in and pay-out service, backend crypto conversions for FinTech companies, and a closed wallet system bridging crypto-enabled ecosystems with fiat capabilities.
2019 Revenue: $12 million, 2020 Revenue: $26 million, 2021 Revenue: $250 million
As of March 2023, Uphold currently has over $1.64B assets in their reserves, and has facilitated over $34.47B in transaction volume.
Gross margins remain strong at 72% as of Q1'22.
Uphold recently launched Staking on its platform, beginning with ETH and DOT.
Uphold recently obtained licenses to operate as a crypto wallet in two of the most advanced regulatory regimes in the world. In the UK, Uphold secured registration as a FCA Crypto Asset Firm. In Canada, Uphold secured registration as a Money Services Business with FINTRAC. These licenses will allow Uphold to grow market share in the UK and Canada going forward.
Uphold was named the fastest-growing private company in the San Francisco Bay area by the SF Business Times for 2022.