Cyclops
Summary active Updated Jul 19, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
Cyclops is a Miami-based stablecoin infrastructure company built exclusively for the payments industry. Its platform lets payments companies onboard with a single partner to unlock stablecoin settlement, pay-ins, pay-outs, and treasury optimization across global corridors through one API 12. Co-founders Alex Wilson, Pat Duffy, and David Johnson previously worked together at The Giving Block, a crypto donations platform 3. The company also maintains an office in Vienna, Austria, and counts Shift4 Payments and Mastercard among its early clients 3. Cyclops reports 350% month-over-month volume growth and a merchant network that has expanded to roughly 300,000 1.
On 2026-07-15, Cyclops announced a $20 million Series A led by Nava Ventures, with participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures, and Global PayTech Ventures 123. The round follows an $8 million seed raised in March 2026 3. Nava Ventures’ Kevin Chenault joined the Cyclops board as part of the round 1.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-15 | Series A | $20M | Nava Ventures | Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures, Global PayTech Ventures 123 |
| 2026-03 | Seed | $8M | — | — 3 |
What Investors Say
“There is no better team equipped to solve this problem. They lived in this world already and know exactly where the pain points are.”
— Kevin Chenault, Nava Ventures, on the Series A 1
What Founders Say
“Stablecoins have reached an inflection point and their adoption has been accelerated by agentic commerce. Payments companies are uniquely positioned to benefit from the growth of stablecoins but have historically struggled to adopt the technology. Cyclops is here to change that.”
— Alex Wilson, Co-Founder, Cyclops 2
Sources
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“Cyclops Announces $20M Series A led by Nava Ventures to Bring Stablecoin Rails to Payments Industry,” PR Newswire, July 15, 2026. Accessed July 19, 2026. https://www.prnewswire.com/news-releases/cyclops-announces-20m-series-a-led-by-nava-ventures-to-bring-stablecoin-rails-to-payments-industry-302825666.html↩↩↩↩↩↩
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“Cyclops raises $20m to fix stablecoin gap in payments,” FinTech Global, July 17, 2026. Accessed July 19, 2026. https://fintech.global/2026/07/17/cyclops-raises-20m-to-fix-stablecoin-gap-in-payments/↩↩↩↩
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Leo Schwartz, “Exclusive: Cyclops raises $20 million to help payment companies settle faster with stablecoins,” Fortune, July 15, 2026. Accessed July 19, 2026. https://fortune.com/2026/07/15/exclusive-cyclops-20-million-payment-companies-settlement-stablecoins/↩↩↩↩↩↩