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Utorg is an EU-regulated crypto fintech company offering fiat-to-crypto exchange services and wallet infrastructure for businesses. Its core products include fiat on/off-ramps (supporting Apple Pay, Google Pay, and various local payment methods), non-custodial wallets (using MPC technology where users control their assets), and virtual Visa cards. Individual users can buy, sell, and hold crypto assets through its App or website, and spend them for daily purchases; enterprise clients can leverage its API or white-label components to quickly integrate crypto buying/selling, wallet custody, and card issuance to enter the Web3 space compliantly.
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About Utorg
Utorg is a EU-licensed crypto/fiat on-ramp service. Its core business includes fiat-to-crypto conversion, self-custodial wallets, and Visa crypto cards. The main market pain points it addresses are the complexity and compliance risks in traditional crypto entry channels, as well as the lack of user asset custody rights. Its core competitiveness lies in holding a full MiCA license, which allows it to continue serving EU users after the July 1, 2026 deadline, while many competitors have had to withdraw from the market. Additionally, its non-custodial wallet design ensures users always control their own funds. In the past six months (Feb-Aug 2026), Utorg received full MiCA authorization in July 2026, becoming one of the few platforms legally operating across all 29 EEA member states. It also partnered with Wirex to launch crypto card services, enabling users to spend crypto at over 80 million merchants worldwide. The company reports serving 2 million users across 190+ countries. No significant negative information was found in the past two years.
Co-founders: Daniel Stolberg and Eugene Petrakov, who jointly founded Utorg, focusing on crypto/fiat on-off ramps.
Core executives: CMO Andrey Urychev, formerly led global performance marketing at Binance, specializing in growth and user acquisition; CEO Payments Yulia Blekhman, responsible for payment business; COO Jane Kuryshko, overseeing operations; Chairman Aleksandr Tshailo, guiding strategic direction.
In July 2026, Andrey Urychev joined Utorg as CMO. He previously led global performance marketing at Binance, covering paid acquisition across 80+ markets. His appointment aligns with Utorg's push into regulated crypto markets in Europe and beyond, aiming to scale user acquisition and strengthen its brand as a compliant on/off-ramp provider.