Swapped.com Acquires Kado Software to Expand US Web3 Operations

Coin WorldMonday, Apr 21, 2025 11:19 am ET
1min read

Kado Software, a prominent Web3 payments infrastructure company, has been acquired by Swapped.com, a Denmark-based firm. The terms of the deal were not disclosed, but the acquisition is set to bolster Swapped.com's operations in the United States.

Emery Andrew, the founder of Kado Software, revealed that the team had been considering various options, including fundraising and finding the right acquirer. The decision to merge with Swapped.com was seen as a natural fit, especially since Andrew will continue to lead the US operations and product expansion for the combined entity.

Thomas Franklin, the CEO of Swapped.com, expressed enthusiasm about the merger, stating that the combination of expertise and vision from both companies will accelerate the development of top-tier Web3 products and user experiences. He highlighted the value of Kado's US market expertise, which will be instrumental in Swapped.com's growth strategy.

Kado Software, founded by Emery Andrew, is relatively new, having been in operation for about three years. The company's focus on expanding Web3 payments infrastructure aligns with Swapped.com's strategic goals. Andrew emphasized the importance of building the next generation of crypto-native payments products, aiming to reduce fees for users through increased competition and innovation.

The acquisition is expected to drive significant advancements in the Web3 payments sector, with both companies poised to introduce new products that leverage their combined strengths. While specific details about the upcoming products remain undisclosed, the merger is anticipated to bring about substantial improvements in the user experience and cost efficiency of Web3 payments.