Consul

Active

The Stablecoin Payouts Platform

Winter 2024Founded 20232 peopleNew York, NY, USA

onconsul.com ↗LinkedIn ↗See on the Idea Map Fintech momentum

About

Consul is building the future of payouts for the online economy. We make it easy for marketplaces, agencies, and startups to make payouts using stablecoins.

From their website

as of Jun 7, 2026onconsul.com ↗

SaaSSubscription

Consul is a stablecoin payouts platform that enables global payouts to freelancers, sellers, and creators in USDC with email-based provisioning and instant settlement. It markets itself as a compliant, low-friction solution for agencies, marketplaces, startups, and remote-first teams to pay internationally without traditional FX costs or crypto complexity.

Consul provides a payouts API and an email-based payout mechanism that allows senders to pay recipients globally in USDC. Payouts are claimed by recipients via email, with no wallet setup required for recipients. The platform promises instant settlement, 24/7 processing, and support across 180+ countries, with funds held as USDC on Base and custody by major banks. It emphasizes no wallet addresses, no FX markup, and the ability to pay from dashboards or API calls, including large volumes, while offering a USDC-backed account experience for recipients with access to multi-currency withdrawals and a linked Consul debit card (Visa). The service includes compliance elements (KYC, GENIUS Act regulation, monthly reserve attestations) and plans to introduce additional features like investment in US markets.

Who it’s for: Agencies, marketplaces, startups, gig/work marketplaces, remote-first companies, creator platforms, and data-labeling/annotation or gig workers needing global, low-friction USD payouts.

Features

global USD payouts to 180+ countries
payouts via email with instant claim
no wallet knowledge required for recipients
API and dashboard for sending payouts
no FX markup and no per-payout fees
USDC-backed accounts with multi-currency withdrawals
debit card for spending USDC (Visa)

Active product with new API, live payouts, and stated global reach; hiring or growth signals not explicitly listed in provided text.

Founders · 2

David LalorCo-Founder, CEO

Stanford

Co-Founder/CEO at Consul. Before Consul, I started my first company, Virra, at 16 and did half a million in annual revenue, studied computer science and economics at Stanford (before dropping out to start Consul), and worked as an engineer at Intercom. From a small village in Ireland.

LinkedIn ↗X ↗

Rakeeb HossainCo-Founder, CTO

Tesla

Waterloo🎓 University of Waterloo

Co-Founder/CTO at Consul. Before Consul, I studied computer science and math at the University of Waterloo, worked at Snap and Tesla Autopilot, and built brokerage infrastructure at Finary. I also built Memsnap, which was accepted to ASPLOS 2024 (https://dl.acm.org/doi/abs/10.1145/3620666.3651334).

LinkedIn ↗X ↗