Biconomy was founded in 2019 by Ahmed Al-Balaghi Aniket Jindal and Sachin Tomar. It has its headquarter in Singapore.
Biconomy is a relayer infrastructure network and transaction highway to reduce the friction between applications built on the blockchain and the end-users. Biconomy’s relayer network comprises of an SDK and dashboard that abstracts and hides many of the complexities of opening a wallet, storing private keys, paying gas, and buying cryptocurrency.
Biconomy is a developer platform that empowers blockchain developers to enable a simplified transaction and onboarding experience for their Web3 project.The plug-n-play solution allows Web 3 interactions to be smooth and seamless between DApps and end-users by removing blockchain complexities. They do this by providing a multi-chain non-custodial, and gas efficient relayer infrastructure network that enables meta transactions at scale.
As a team of Web 3.0 evangelists, Biconomy strives to solve complex problems, challenge the status quo and to continuously learn from their mistakes. Biconomy is currently developing a platform (an SDK and dashboard) that utilizes the merits of meta transactions to allow end-users that are unfamiliar with crypto to seamlessly use dApps without them having to learn about wallets, crypto and paying transaction fees.
Biconomy’s mission is to handle all complexities on behalf of the user to make web3.0 more usable for mainstream adoption.
Biconomy seeks to accelerate web3.0 adoption by making all its components more composable, interoperable & usable.
Biconomy has raised a total of $22M in funding over 7 rounds and is funded by 32 investors.
Below, are the details of the different rounds of funding received by Biconomy.
Number of Investors
Initial Coin Offering
Digital Asset Capital Management Mechanism Capital
Pre Seed Round
Biconomy has made no acquisitions yet.
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