Sphere Labs

Sphere Labs is a Boston- and Delaware-based fintech building the payments infrastructure for the stablecoin economy. Founded in 2022 by Arnold Lee and Luigi Charles, the company runs two products: SpherePay, a B2B cross-border payments API that moves money using a 'stablecoin sandwich' - converting local currency into a stablecoin, routing it across borders, then settling into the destination currency in 15-30 minutes; and SphereNet, a 'sovereign-grade' settlement ledger built on the Solana Virtual Machine for regulated financial institutions. Often described as a 'Stripe for crypto,' Sphere pairs developer-friendly APIs and SDKs with embedded compliance to help fintechs, institutions and businesses in emerging markets move value fast, transparently and legally. It raised a $5M strategic round in December 2024 led by Coinbase Ventures and Kraken Ventures.