---
type: entity
entity_type: company
name: P2P.me
domain: internet-finance
status: active
founded: 2024
headquarters: Unknown
website: https://p2p.me
---

# P2P.me

## Overview
Non-custodial USDC-to-fiat on/off-ramp built on Base. Uses zk-KYC (zero-knowledge identity verification) with on-chain settlement. Operates local payment rails: UPI (India), PIX (Brazil), QRIS (Indonesia), ARS (Argentina).

## Product
- **Architecture**: Non-custodial, Base-native
- **KYC**: Zero-knowledge identity verification
- **Settlement**: On-chain
- **Payment Rails**: UPI (India), PIX (Brazil), QRIS (Indonesia), ARS (Argentina)
- **Countries**: Live in 4 countries (India, Brazil, Indonesia, Argentina)

## Traction (as of March 2026)
- **Registered Users**: 23,000+
  - 78% India (18,071 users)
  - 15% Brazil
- **Weekly Active Users**: 2,000-2,500 (10-11% of registered base)
- **Monthly Volume**: Peaked at $3.95M (February 2026)
- **Cumulative Revenue**: $327.4K through mid-March 2026
- **Monthly Revenue**: $34K-$47K
- **Annual Gross Profit**: ~$82K
- **Volume Growth**: 27% average MoM over 16 months

## Funding
- **Seed Round**: $2M (April 2025)
  - Multicoin Capital
  - Coinbase Ventures
  - Alliance DAO
- **ICO Target**: $6M (March 26, 2026)
- **Total Target**: $8.33M

## ICO Structure (March 26, 2026)
- **Total Supply**: 25.8M tokens
- **ICO Price**: $0.60/token
- **Tokens for Sale**: 10M ($6M target)
- **FDV**: ~$15.5M
- **Float at TGE**: 50% (highest in MetaDAO ICO history)

## Token Distribution
- **Team**: 30% (7.74M tokens)
  - Performance-gated: Zero benefit below 2x ICO price
  - Five tranches at 2x/4x/8x/16x/32x ICO price (3-month TWAP)
- **Investors**: 20% allocation
  - 12-month lock
  - Five equal tranches post-lock
- **ICO**: 10M tokens (38.8%)

## Operations
- **Team Size**: 25 staff
- **Burn Rate**: $175K/month
  - Salaries: $75K
  - Growth/Marketing: $50K
  - Legal/Operations: $35K
  - Infrastructure: $15K
- **Runway**: ~34 months (from $6M raise)

## Roadmap
- **B2B SDK**: Launching June 2026
- **Circles of Trust**: Local operators stake tokens to onboard merchants
- **Expansion**: 20+ countries planned

## Risk Factors
- **Valuation**: 182x multiple on annual gross profit
- **User Acquisition**: Stalled for six months
- **Team Transparency**: No publicly available founder backgrounds
- **Geographic Focus**: Expansion may dilute India/Brazil penetration

## Analysis
Pine Analytics verdict: CAUTIOUS. "Real product, on-chain verifiable traction, but valuation appears stretched."

## Timeline
- **2024** — Founded
- **April 2025** — Raised $2M seed from Multicoin Capital, Coinbase Ventures, Alliance DAO
- **March 26, 2026** — [[p2p-me-ico]] ICO launch ($6M target, $0.60/token, 50% float at TGE)