Uphold

Uphold operates a cloud-based platform for moving, converting, transacting, and holding various currencies, commodities, equities, and other assets. Its platform enables users to add funds via bank transfers or cards, send/receive payments, convert currencies, and hold funds securely. Serving individuals, businesses, developers, and charities worldwide, Uphold facilitates transactions in over 150 countries with low fees.

J.P. Thieriot

Co-Founder, Co-CEO and Board Observer

8 past transactions

Exactly

Corporate Round in 2025
Exactly is a decentralized, non-custodial protocol offering an autonomous market for fixed and variable interest rates. It enables users to exchange the time value of their crypto assets seamlessly within the DeFi credit market.

Ledger

Series C in 2021
Ledger is a prominent company specializing in security and infrastructure solutions for cryptocurrencies and blockchain applications, established in 2014 and headquartered in Paris, France. The company has become a leader in the market with over one million hardware security devices sold across more than 165 countries. Its flagship products, including the Ledger Nano S and Ledger Nano X, are designed for secure management of cryptocurrencies, featuring built-in displays and connectivity options for ease of use. For enterprises, Ledger offers Ledger Vault, a fully managed SaaS solution that safeguards substantial amounts of multiple cryptocurrencies while addressing physical and IT security threats. Additionally, Ledger is actively engaged in the industrial Internet of Things (IoT) sector, utilizing its secure hardware technology to connect sensors and machines to blockchain-based assets. The company also operates a production facility in Vierzon, France, and maintains offices in San Francisco.

Blockdaemon

Series A in 2021
Blockdaemon facilitates blockchain deployment by offering a node management platform that supports over 30 protocols. It empowers businesses and developers to quickly launch and manage blockchain applications, with tools for exchanges, custodians, and financial institutions.

Optimus Cards Group

Acquisition in 2021
Optimus Cards is a full-service, custom-fit, white-label debit card solution for banks, enabling payments for all. Optimus Cards Group offers financial solutions tailored for financial institutions. Optimus Cards Group is a FCA-authorized Electronic Money Institution that offers Embedded Finance, CaaS, and BaaS services.

LXDX

Acquisition in 2018
LXDX Ltd is a Malta-based company that operates an institutional-grade cryptocurrency trading platform. The company provides a comprehensive suite of technology services designed to facilitate the buying and selling of digital currencies. Its platform is tailored to support both public retail exchanges and private exchanges for institutional block trading, ensuring a secure and efficient trading experience for both retail and institutional investors. By focusing on the needs of traders, LXDX aims to enhance the overall functionality and accessibility of cryptocurrency trading.

JNK Securities

Acquisition in 2018
JNK Securities Corp. is a New York-based firm specializing in securities brokerage services. Established in 1993, the company provides a range of services including investment research, analysis, and execution for various institutional clients such as mutual funds, hedge funds, and asset managers. JNK Securities also caters to sectors including shipping, oil, telecommunications, and gaming, offering insights and consulting services tailored to the specific needs of these industries. The firm is known for its boutique research capabilities and hosts industry events in key locations such as New York City and Washington, D.C. Additionally, JNK Securities boasts advanced trading execution capabilities with direct market access to both listed and over-the-counter markets, enhancing its service offerings for clients. As of 2019, the company operates as a subsidiary of Uphold, Inc.

Cortex MCP

Acquisition in 2018
Cortex MCP, Inc. develops a mobile payment and wallet platform designed to enhance secure payment methodologies and facilitate ID and credential storage and verification. The company's offerings include the Cortex Platform, which features RCDs that allow users to make transactions with both physical and online merchants using their mobile devices. Additionally, Cortex MCP provides solutions such as Intent-to-Spend Analytics, which enables merchants to target consumers based on their spending intentions, and the OVER File, which securely stores IDs for various applications. The Closed Loop solution further enhances RCD functionality in controlled environments. Founded in 2012, Cortex MCP is headquartered in Mission Viejo, California, and operates as a subsidiary of Uphold, Inc.

Bitnet

Acquisition in 2016
Bitnet is a company that specializes in providing a digital commerce platform designed for enterprise-scale merchants to accept bitcoin payments. With a focus on online payment solutions, Bitnet's team comprises professionals with extensive experience in engineering, product development, and business management. The company is recognized for its significant contributions to the development and management of CyberSource, one of the largest payment gateways in the world, which was acquired by Visa for $2 billion in 2010. By facilitating bitcoin transactions, Bitnet aims to enhance the payment capabilities of large merchants and integrate cryptocurrency into mainstream commerce.
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