London-based crypto software firm OneBalance has raised $20 million in a Series A funding round led by Cyber Fund and Blockchain Capital, the company announced on Wednesday.
This latest round takes the company’s total funding to $25 million and included additional participation from Mirana Ventures and L2IV. However, the company has not disclosed its current valuation.
Founded in 2024, OneBalance aims to bridge the gap between traditional software development and blockchain technology. Its mission is to empower non-crypto-native developers with tools that make integrating cryptocurrency features into applications more accessible and reliable.
A Toolkit to Power the Next Wave of Crypto-Enabled Apps
At the heart of OneBalance’s offering is a newly launched software toolkit. This product includes a suite of tools and libraries that allow developers to add features such as meme coin trading, token swaps, and peer-to-peer payments into their applications.
Speaking to Fortune, CEO Stephane Gosselin explained that the toolkit is designed to eliminate the technical barriers often associated with on-chain development. “They [developers] don’t necessarily know how to execute reliably on-chain,” Gosselin said. “And the last thing they want is to expose all that complexity to their users.”
Currently, the toolkit supports Ethereum, Polygon, and other Ethereum Virtual Machine (EVM) blockchains. OneBalance plans to add support for Solana by the end of the month.
Monetising Through Transaction Fees
OneBalance has adopted a performance-based revenue model. The company will charge a small fee for each transaction processed via applications that use its toolkit.
“We want to make money when our customers make money,” said Gosselin. “If our customers decide to monetise and to do this with us, then we will keep a small fee on top of that.”
This model aligns with the company’s broader goal of fostering mutual success with its developer partners.
Rising Demand for Simplified Blockchain Integration
As interest in blockchain technology grows beyond the crypto-native community, tools like OneBalance are becoming increasingly vital. Major companies like Meta and Google are exploring stablecoin integration, signalling a shift in mainstream adoption of decentralised technologies.
OneBalance is positioning itself to meet this demand by simplifying the process of adding crypto features to mainstream applications, especially for developers without prior blockchain experience.
Competing in a Crowded Developer Tools Market
OneBalance is entering a competitive space, where other firms like Reown, Privy, and Helius are also offering developer kits and platforms aimed at simplifying blockchain integration.
While Reown and Privy focus on streamlining crypto wallet functionality, Helius offers tools specifically for building on the Solana blockchain. OneBalance differentiates itself by providing a broader toolkit that supports multiple EVM-compatible chains and plans to expand to Solana soon.
With strong backing from notable investors and a clear product-market fit, OneBalance appears well-positioned to become a key player in the next phase of blockchain adoption.
