Crossmint, an all-in-one blockchain platform for businesses, has secured $23.6m in a funding round led by Ribbit Capital.

Other investors include Franklin Templeton, Nyca, First Round, and Lightspeed Faction. The investment follows a year of rapid growth, with Crossmint’s subscription revenue surging by 1,100% in 2024.

The company provides businesses with tools to develop blockchain applications using minimal code. Its platform enables companies to integrate wallets, tokenization, payments, and onramps without requiring blockchain expertise or digital asset holdings.

Consumers can engage with blockchain-based services using traditional methods like Face ID and email sign-ups while avoiding gas fees and other technical barriers.

Over 40,000 companies and developers, including global brands like Adidas and Red Bull, already use the platform. Businesses across various sectors are leveraging Crossmint to integrate stablecoins, enhance supply chain transparency, and develop interoperable rewards programmes. Additionally, startups are using the platform to accelerate the creation of blockchain applications.

Crossmint co-founder Alfonso Gomez-Jordana said, “AI agents are reshaping commerce. Soon, they will autonomously manage tasks like grocery shopping or personal styling. Traditional payment systems weren’t designed for AI agents—but blockchain is. Crossmint is building the infrastructure to support this next evolution.”

Ribbit Capital partner Zack Rosen highlighted Crossmint’s impact, stating, “Crossmint has demonstrated its ability to unlock new revenue streams and drive cost efficiencies for major brands while building the financial infrastructure for the next generation of AI-powered applications. We are excited to support Crossmint as they continue enabling enterprises and developers to innovate onchain.”