Sweatco Ltd

To make 1 billion people more active every day.

Sweatcoin turns daily steps into digital rewards, creating what the company calls an "economy of movement." Since launching in 2015, the app has reached over 100 million downloads across 60+ countries, delivering more than $200 million in rewards to users who've collectively walked 23 trillion steps. Users earn sweatcoins for verified movement, which they can redeem for fitness gear, gadgets, travel vouchers, or donate to charity. The platform has expanded beyond step-counting into Web3 with the SWEAT token on the NEAR blockchain and partnerships with brands like Nike and Adidas. Research shows users increase their walking by 20% even six months after joining. Based in London with a remote-first approach, Sweatcoin operates as a profitable company focused on making physical activity financially rewarding.

Products

The core Sweatcoin app tracks and verifies outdoor steps using smartphone sensors, converting movement into digital currency without GPS tracking to protect privacy. Users can spend sweatcoins in a marketplace featuring 400+ vendor partnerships for fitness gear, gadgets, and subscriptions. The ecosystem expanded with Sweat Wallet for managing SWEAT tokens on the NEAR blockchain and "Sweat Max," a premium subscription offering double earning rates. Recent additions include integration with Price.com for cashback services and charitable giving options where users can donate their earned coins.

Funding

Sweatcoin has raised approximately $20 million across multiple rounds. The most recent Series A in July 2022 brought in $13 million from investors including Electric Capital and Spartan Capital. Earlier funding included a $5.7 million seed round in January 2018 led by Goodwater Capital, with participation from Seedcamp and Greylock Partners. Other investors include Runa Capital. The company reported $8.5 million in revenue in 2020 and has since reached profitability through brand partnerships, affiliate marketing, premium subscriptions, and collaborations with health organizations like the UK's NHS.

Recent news

In May 2026, Sweat Economy launched "Sweat Max," a new premium subscription tier designed to increase user earning potential and provide enhanced features. During the same month, the native SWEAT token experienced extreme market volatility, recording massive single-day percentage gains—including surges of over 800%—amid a wider speculative rotation in the move-to-earn sector. Earlier, in late April 2026, the project faced a security breach on the NEAR blockchain where a large portion of the token supply was briefly drained; however, the Sweat Foundation successfully recovered nearly all of the compromised assets shortly thereafter.

Technology

Mobile-first architecture built on React Native for cross-platform development with Kotlin for Android-specific components. TypeScript provides code safety while Ruby handles backend and build processes. Web interfaces use Vue.js with Webpack for bundling. Marketing automation runs on Mautic, and PHP supports broader ecosystem needs. The platform integrates analytics through Google Tag Manager, Google Analytics, and Hotjar for user engagement tracking. Blender and Three.js handle 3D graphics and rendering for the app experience.

Benefits

Remote-first culture with core hours from 10:00-16:00 GMT but emphasis on output over time spent. Unlimited PTO plus 20 holiday days, with an extra week off at Christmas and additional days based on tenure. Employee well-being program includes two counseling sessions monthly. Annual health insurance allowance of €1,000 for those outside UK/Portugal, plus learning and development budgets. Apple hardware provided, and after one year, stock options become available. The company covers multi-month winter office stays in Lisbon including travel and accommodation for employees and families, plus regular international team events.