What is Shakepay?
Headquartered in Montreal, Shakepay operates as a specialized technology firm focused on simplifying the entry point into the digital economy. The company provides a streamlined platform that enables users to buy and sell cryptocurrency with ease, effectively bridging the gap between traditional finance and decentralized assets. By prioritizing user experience and accessibility, Shakepay has carved out a significant niche, positioning itself as a critical infrastructure provider for Canadians seeking to diversify their portfolios through digital currency. Its market position is defined by a commitment to open access and financial inclusion, supported by a robust technological framework that facilitates seamless transactions.
How much funding has Shakepay raised?
Shakepay has raised a total of $36M across 2 funding rounds:
Angel/Seed
$1M
Series A
$35M
Angel/Seed (2018): $1M with participation from Amphora Capital and Boost VC
Series A (2022): $35M led by QED Investors
Key Investors in Shakepay
Amphora Capital
Amphora Capital is a team of experts specializing in corporate finance, project finance, and investment advisory services, providing tailored financial solutions to support businesses in complex landscapes.
Boost VC
Boost VC is a leading investor in deep tech and frontier categories, providing early-stage capital to startups with a focus on groundbreaking and innovative technologies.
QED Investors
QED Investors is a global boutique venture capital firm focused on early-stage, disruptive financial services companies, leveraging deep operational experience to drive breakthrough growth.
What's next for Shakepay?
With the successful completion of its latest financing round, Shakepay is poised to enter a new phase of enterprise-level scaling. The strategic allocation of these funds will likely focus on product diversification, regulatory compliance, and the expansion of its service suite to meet the growing demand for digital wealth management tools. As the regulatory environment for cryptocurrency continues to mature, Shakepay's ability to maintain its user-centric approach while scaling operations will be paramount. The company is expected to leverage its recent capital to deepen its integration within the broader financial ecosystem, potentially exploring new avenues for cross-border payments and advanced financial services that align with its core mission of empowering the digital-first consumer.
See full Shakepay company page
