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Polygon Labs acquires Coinme for payments venture

PRIVATEOct 17, 2026

Acquiring Company

Polygon Labs

Acquired Company

Coinme

New YorkSeattleinformation technology & servicesOtherFinancial Services

Description

Polygon Labs has completed its acquisition of Coinme, a regulated U.S. crypto payments company. This strategic move enables Polygon to handle payments directly, including conversions between crypto and fiat currencies. The company aims to achieve profitability in its payments business by 2027. The acquisition marks a significant shift in Polygon's operational focus towards payments processing.

Company Information

Company

Polygon Labs

Location

39 W 38th St

New York, New York, United States

About

Polygon Labs is a New York City-based company that specializes in creative services and software solutions, focusing on data and content visualization for the media industry. With around 400 employees and generating approximately $97.5 million in revenue, the company develops engaging broadcast and digital media content, including interactive storytelling for news, sports, weather, and traffic. It also offers data feed management and real-time graphics branding, serving a diverse clientele that includes major broadcast and digital media brands. In addition to its media services, Polygon Labs is a leader in blockchain technology, particularly in developing Ethereum scaling protocols. The company provides a decentralized Ethereum scaling platform that allows developers to create scalable decentralized applications (dApps) with low transaction fees. Polygon Labs supports over 10,000 dApps and has deployed more than 1 million smart contracts globally. It operates as a remote-first, carbon-neutral organization with a presence in over 40 countries, emphasizing open-source protocols that empower developers and users worldwide.

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Frequently asked

Who acquired Coinme?

Coinme was acquired by Polygon Labs, based in New York. The deal was reported on October 17, 2026. Polygon Labs is a New York City-based company that specializes in creative services and software solutions, focusing on data and content visualization for the media industry. Polygon Labs is privately held and operates in information technology & services.

When did Polygon Labs acquire Coinme?

Polygon Labs's acquisition of Coinme was reported on October 17, 2026. Polygon Labs has completed its acquisition of Coinme, a regulated U.S. crypto payments company. This strategic move enables Polygon to handle payments directly, including conversions between crypto and fiat currencies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Coinme do?

Coinme operates a leading licensed cryptocurrency cash exchange in the U.S., founded in 2014 with a mission to be the world's most trusted gateway to digital currencies and a better financial future. It is privately held, operating in Other, and is based in Seattle.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.