When was Sponge founded?

Sponge was founded in 2026 and raised its 1st funding round within a year of its incorporation.

Where is Sponge located?

Sponge is headquartered in San Francisco, United States.

How many employees does Sponge have?

As of Jun 30, 2026, the latest employee count at Sponge is 5.

Is Sponge a funded company?

Sponge is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jan 01, 2026.

When was the latest funding round of Sponge?

Sponge's latest funding was a $***** Seed round on Jan 01, 2026, with participation from 1 investor.

Where does Sponge rank among its competitors?

Sponge ranks 886th amongst 2225 active competitors, of which 304 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Sponge, which secured $500K in Jan, 2026.

Who are the top competitors of Sponge?

Sponge's top competitors include Consensys, Coins.ph and Luno. Among them, Sponge secured the most recent funding round in January, 2026.

Sponge - 2026 Company Profile, Team, Funding & Competitors

Sponge is a seed company based in San Francisco (United States), founded in 2026 by Rishab Luthra, Eric Zhang and Jae Choi. It operates as a Provider of financial infrastructure enabling agent accounts and direct business sales. Sponge has raised $500K in funding. The company has 2225 active competitors, including 304 funded and 76 that have exited. Its top competitors include companies like Consensys, Coins.ph and Luno.

Company Details

Provider of financial infrastructure enabling agent accounts and direct business sales. It facilitates agents' ability to manage funds, including payments, investments, and earnings in both fiat and crypto. The infrastructure allows businesses to sell services directly to agents, streamlining onboarding and payment processes. It offers tools for developers to integrate with agent stacks and provides agents with spending controls.

Website: paysponge.com
Social
Email ID: *****@paysponge.com

Key Metrics

Founded Year

2026

Location

San Francisco, United States

Stage

Seed

Total Funding

$500K in 1 round

Latest Funding Round

Seed, Jan 01, 2026, $*****

Investors

Y Combinator

Ranked

886^th among 2225 active competitors

Employee Count

5 as on Jun 30, 2026

Similar Companies

Consensys & 3478 more

View Sponge's full profile

Sponge has raised a total funding of $500K over 1 round. Its latest funding round was a Seed round on Jan 01, 2026 for $*****. 1 investor participated in its latest round. Sponge has 1 institutional investor.

Here is the list of recent funding rounds of Sponge:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 01, 2026	5111386	Seed	2721607	9672462	8778794	9675813

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View details of Sponge's funding rounds and investors

The founders of Sponge are Rishab Luthra, Eric Zhang and Jae Choi.

Here are the details of Sponge's key team members:

Rishab Luthra: Co-Founder of Sponge.
Eric Zhang: Co-Founder of Sponge.
Jae Choi: Co-Founder of Sponge.

View details of Sponge's Founder profiles and Board Members

Sponge's employee count trend

Sponge has 5 employees as of Jun 26. Here is Sponge's employee count trend over the years:

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Top competitors of Sponge include Consensys, Coins.ph and Luno. Here is the list of Top 10 competitors of Sponge, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Consensys 2014, Fort Worth (United States), Series D	Developer of blockchain and web3 software platform	$725M	Temasek, Sound Ventures & 57 others	81/100
2nd	Coins.ph 2014, Pasig (Philippines), Acquired	Digital wallet for Bitcoin assets	$40M	Naspers, Ribbit Capital & 15 others	80/100
3rd	Luno 2013, London (United Kingdom), Acquired	App-based platform for crypto wallet and investments	$13M	Naspers, Balderton Capital & 12 others	80/100
4th	FalconX 2018, San Francisco (United States), Series D	Online platform offering cryptocurrency trading and investment solutions for institutions	$430M	B Capital, GIC & 26 others	79/100
5th	BlockFi 2017, Jersey City (United States), Acquired	Online platform for trading, crypto-backed loans, interest accounts, and wallets	$466M	Valar Ventures, Bain Capital Ventures & 64 others	78/100
6th	Amber Group 2017, Singapore (Singapore), Series C	Provider of blockchain-based financial solutions	$628M	Temasek, Paradigmcap & 32 others	76/100
7th	AVA 2018, Brooklyn (United States), Series B	Blockchain platform for smart contracts and custom subnets	$368M	Andreessen Horowitz, Metastable Materials ... & 22 others	75/100
8th	Spice Money 2000, Noida (India), Series B	Digital payment and banking service provider in rural areas	$15.4M	Sood Infomatics, Lehman Brothers Opportunity ... & 56 others	75/100
9th	Fireblocks 2018, New York (United States), Series E	Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service	$1.04B	Spark Capital, Stripes & 38 others	74/100
10th	River Financial 2019, San Francisco (United States), Series B	Blockchain focused investment firm	$70M	Goldcrest, Kingsway Capital & 19 others	74/100
886th	Sponge 2026, San Francisco (United States), Seed	Provider of financial infrastructure enabling agent accounts and direct business sales	$500K	Y Combinator	25/100