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Polygon Labs acquires Coinme for payment expansion

PRIVATEOct 14, 2026

Acquiring Company

Polygon Labs

Acquired Company

Coinme

New DelhiSeattleOtherFinancial Services

Description

Polygon Labs has completed its acquisition of Coinme, enhancing its U.S. payment capabilities with additional state money transmitter licenses. This acquisition allows Polygon to integrate regulated payment services into its Open Money Stack platform. The deal brings Coinme's existing regulatory compliance, facilitating transactions across 48 states. Polygon aims to leverage Coinme's services to streamline digital payment processes for various businesses.

Company Information

Company

Polygon Labs

Location

New Delhi, Delhi, India

About

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 207M, over TK million smart contracts and TK total transactions processed since inception. The network is home for some of the biggest Web3 projects and well-known enterprises. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.

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Frequently asked

Who acquired Coinme?

Coinme was acquired by Polygon Labs, based in New Delhi. The deal was reported on October 14, 2026. Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs is privately held.

When did Polygon Labs acquire Coinme?

Polygon Labs's acquisition of Coinme was reported on October 14, 2026. Polygon Labs has completed its acquisition of Coinme, enhancing its U.S. payment capabilities with additional state money transmitter licenses. This acquisition allows Polygon to integrate regulated payment services into its Open Money Stack platform. 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.