Fiat Republic is a B2B Banking-as-a-Service (BaaS) platform founded in 2021 and headquartered in London, UK, with an additional office in Toronto, Canada. The company operates the Fiat Republic Consortium — a proprietary network of crypto-friendly banks that provides crypto platforms with reliable access to traditional banking rails. Fiat Republic offers a single Banking and Payments API that enables crypto exchanges and platforms to embed and automate fiat flows for their end-users, including accounts, payments, virtual IBANs, and compliance services. Their EagleNet internal network connects crypto platforms and liquidity providers for instant fiat settlement, addressing the critical pain point where over 55% of crypto exchange service interruptions are caused by fiat payment failures including banking restrictions, settlement delays, and reconciliation bottlenecks.

The company has raised $10.5M in total funding across two seed rounds ($3.5M in March 2022 and $7M in December 2023) from investors including Speedinvest, Seedcamp, Credo Ventures, and Inovo.vc. Led by Founder and CEO Adam Bialy, with Co-Founder and CCO Paula Steiner heading compliance, Fiat Republic serves crypto exchanges, institutional crypto traders, and OTC liquidity providers. They provide multi-jurisdictional vIBANs, SEPA Instant and USD payment rails, built-in AML/compliance monitoring, and are MiCA-ready for EU operations. Their compliance engine was built from the ground up to operate across multiple jurisdictions and earn trust from tier-1 banks and regulators, making them a critical infrastructure provider for the crypto ecosystem.