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Mercuryo
Mercuryo, co-founded by Petr Kozyakov, operates a fiat-to-crypto payments infrastructure layer processing $2B in volume for MetaMask and Ledger.
Mercuryo
Scale your business with fiat-to-crypto on ramp solution. Enable users to buy and sell crypto seamlessly with credit card, debit card, Apple Pay, & more.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
77 Coleman Street, London, England, EC2R 5BJ
Additional offices
Denver, CO, United States · Vancouver, BC, Canada · Limassol, Cyprus · Valencia, Spain · Zagreb, Croatia · Novi Sad, Serbia
Principals
Petr Kozyakov
Chief Executive Officer
Greg Waisman
Chief Operating Officer
Aleksandr Vasilev
Chief Commercial Officer
Evgeniy Skoropisov
Chief Marketing Officer
Ashna Vaghela
Chief Customer Officer
Andrey Ilinskiy
Chief Product Officer
Yulia Bogomolova
Chief Human Resources Officer
Galina Skatkina
Senior Director, Corporate and Marketing Communications
Jamil Johnson
Head of Partnership Development
Alexandra Ivanova
Chief Legal Officer
Dilshan Dowlah
Head of US
Megan Armstrong
Head of Finance Operations
Michael Heider
Head of Risk & Compliance
Nataliya Sleptsova
Head of Strategic Partnerships
Frank Harzheim
Global Head of Sales
Sector focus
Frequently asked questions
Who runs investment decisions at Mercuryo?
Mercuryo does not invest external capital and has no investment committee. Operationally, CEO Petr Kozyakov and COO Greg Waisman lead all strategic decisions. Kozyakov founded the company and drove the pivot from consumer wallet to B2B infrastructure. The eight-person C-suite reflects functional ownership across product, commercial, marketing, and risk.
How does Mercuryo generate revenue?
Mercuryo earns a spread and fee structure on each fiat-to-crypto transaction processed through its embedded widget, API, or SDK. It also generates revenue from its crypto card product Spend, which launched in early 2024 in partnership with Mastercard. The firm has not disclosed its take rate or profit margins, but states it generated $15 million in revenue for partner companies through white-labeled integrations.
Is Mercuryo's US launch operational, and what licenses does it hold?
The US launch was underway as of early 2025, led by Head of US Dilshan Dowlah from the Denver office. Mercuryo has not publicly enumerated specific state money transmitter licenses. Globally, it emphasizes a “trusted compliance stack” built to meet MiCA in Europe and equivalent standards in the UK and Canada, positioning itself as a regulated fiat-to-crypto on-ramp.
Does Mercuryo take custody of consumer funds?
No. Mercuryo’s Spend card connects to non-custodial wallets across 30-plus blockchains, and its on-ramp widget likewise routes purchased crypto directly to the user’s designated wallet. The company does not hold customer crypto deposits — it processes payments and triggers blockchain transfers at checkout.
How does Mercuryo source enterprise clients?
Mercuryo’s partnerships team, led by Global Head of Sales Frank Harzheim and Head of Strategic Partnerships Nataliya Sleptsova, targets web3-native platforms — wallets, DEXs, NFT marketplaces, yield platforms, and browser extensions. The firm has a public-track-record approach: landing Binance early provided a trust anchor that led to integrations with MetaMask, Ledger, and Trust Wallet.
What is Mercuryo's relationship to Mastercard?
In 2024, Mercuryo and Mastercard launched Spend, a virtual crypto card that allows users to spend from connected non-custodial wallets. Mastercard provides card-network rails and issuance support; Mercuryo operates the consumer-facing integration, compliance, and wallet connectivity. No structural ownership relationship has been disclosed.
What's the governance structure at Mercuryo?
Mercuryo has not disclosed its board composition or investor rights structure. The leadership page lists a functional C-suite of eight reporting to CEO Petr Kozyakov, with a distributed 300-person team. No outside directors or venture board seats have been named publicly. The firm operates as a privately held company organized in the United Kingdom.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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