Blowfish vs Magic Labs
Magic Labs
Embedded & Server Wallets. 57M wallets. $10B+ stablecoin volume. Trusted by Polymarket. Backed by PayPal Ventures
208 employees · est. 2020 · San Francisco, United States
Magic Labs is the older company (2022 vs 2020); Magic Labs is the larger of the two.
Side-by-Side Comparison
| Metric | Blowfish | Magic Labs |
|---|---|---|
| Founded | ||
| Founded | 2022 | 2020 older |
| Headquarters | ||
| Headquarters | Zug, Switzerland | San Francisco, United States |
| Employees | ||
| Employees | 9 | 208 larger |
| Industry | ||
| Industry | Blockchain, Crypto, Cyber Security | Analytics, Crypto, Developer Tools |
| Funding Stage | ||
| Funding Stage | Seed | Series B |
| Total Funding | ||
| Total Funding | $11.80M | $83.00M |
| Funding Rounds | ||
| Funding Rounds | 1 | 4 |
| Services | ||
| Services | Proactive Fraud Detection, Dapp Connection Security, Transaction and Message Security, Risk Signal Verification | Wallet Infrastructure, API for Wallet Creation and Onchain Actions, Flexible Authentication Systems, Customizable Wallet UI, Scalable Wallet Operations, Enterprise-grade Security, Newton Protocol for Compliance |
| Target Customers | ||
| Target Customers | Digital Wallet Providers, Blockchain Enterprises, Cryptocurrency Users, Dapp Developers | Developers, Enterprises, Financial Institutions, Digital Asset Managers, Blockchain Platforms |
| Taxonomy | ||
| Taxonomy | Proactive DefenseWeb3 SecurityFraud PreventionBlockchain SecurityDigital Wallet ProtectionFraud Detection +3 | Web3 OnboardingInstant Wallet CreationNon-custodial WalletsEmail LoginSocial LoginPassword-less Authentication +9 |
| Website | ||
| Website | blowfish.xyz | magic.link |
About Blowfish
Blowfish, founded in 2022, is a tech startup operating at the intersection of Blockchain, Crypto, Cyber Security, and Information Technology. Headquartered in Switzerland, the company's slogan, "Proactive defense for web3 wallets," underscores its commitment to preemptively identifying and preventin...
About Magic Labs
Magic Labs, a startup founded in 2020, has established itself as a pioneer in the web3 domain, famously coining the concept of embedded wallets in 2018. The company has since facilitated the creation of over 50 million wallets and is currently developing Magic Newton. Their core product, an SDK, en...
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Compiled from the BounceWatch company index. We last looked at Blowfish on 3 Jul 2025, and Magic Labs on 8 Jan 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
