What is Shakepay?
Shakepay operates at the intersection of consumer finance and blockchain technology. Its core value proposition lies in simplifying the acquisition and liquidation of digital assets for the Canadian market. By prioritizing user experience and accessibility, the company has effectively lowered the barrier to entry for individuals looking to build wealth through decentralized financial instruments. The platform's unique interface and commitment to financial inclusion have allowed it to capture significant market share, positioning it as a critical infrastructure provider for the next generation of Canadian retail finance.
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 Boost VC and Amphora Capital
Series A (2022): $35M led by QED Investors
Key Investors in Shakepay
Boost VC
Boost VC is a leading investor in deep tech, focusing on emerging and frontier categories. They provide funding primarily through Pre-Seed rounds with investments averaging $500k, as well as offering a $50k Fellowship check for early-stage startups.
Amphora Capital
Amphora Capital is a team of experts specializing in corporate finance, project finance, and investment advisory services. They operate primarily in South-East Europe, providing tailored financial solutions to their clients.
QED Investors
QED Investors is a global leading boutique venture capital firm focused on investing in early stage, disruptive financial services companies. They leverage decades of operational experience to help portfolio companies achieve breakthrough growth.
What's next for Shakepay?
With the successful closure of this major strategic investment, Shakepay is well-positioned to scale its operations and expand its product suite. The current lifecycle stage suggests a focus on deepening market penetration and enhancing the robustness of its financial applications. Future strategic initiatives will likely involve the integration of more sophisticated wealth-building tools and the expansion of its digital economy ecosystem. As the regulatory environment for cryptocurrency continues to evolve, Shakepay's ability to maintain its user-centric approach while navigating complex compliance landscapes will be the primary determinant of its long-term success in the competitive fintech arena.
See full Shakepay company page
