Crebit
Crebit is in a16z speedrun SR006. Based in San Francisco, California, United States of America. Team of 2, founded in 2025.
Facts
- San Francisco, California, United States of America
- 2
- 2025
About Crebit
Summary
Crebit is a San Francisco-based fintech startup, founded in 2025, that addresses a core friction point in stablecoin-based foreign exchange: the short expiry window of blockchain exchange rate quotes. Because on-chain quotes typically expire within minutes, businesses have historically been unable to commit to stablecoin FX for predictable, forward-looking payment obligations. Crebit built infrastructure that allows enterprises to lock in blockchain exchange rates for periods of up to 180 days, bringing a level of rate certainty to stablecoin FX that previously only existed in traditional currency markets. The company appears to be gaining traction with enterprise customers and is processing meaningful monthly payment volume, with signed clients representing substantial projected annual FX flow. Crebit was co-founded by two engineers with academic roots at Stanford and MIT, and professional backgrounds spanning major technology and government organizations.
Business model
Crebit likely generates revenue by charging fees on the foreign exchange volume it processes, potentially including a spread or service fee tied to the rate-lock product. Its pricing angle centers on delivering cost savings relative to traditional FX rails while adding the rate-certainty feature that enterprise customers require to commit to stablecoin-based payments.
Go-to-market
Crebit targets enterprises that conduct cross-border payments and need predictable exchange rates over extended time horizons — a profile that includes importers, exporters, and multinational operators. The buying motion appears to be a direct enterprise sales process, likely involving financial or treasury decision-makers who are evaluating stablecoin FX as a lower-cost alternative to traditional correspondent banking rails. A banking partnership appears to serve as both a distribution channel and a trust signal for prospective enterprise clients.
Founders (2)
- Jensen Coonradt
- Simmi Sen
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