What is Shakepay?
Shakepay operates at the intersection of finance and technology, providing accessible financial applications designed to empower Canadians in building wealth. The company's core offering simplifies the process of buying and selling cryptocurrency, making digital asset acquisition as easy as a 'shake'. With a mission focused on open access to wealth creation and seamless integration into the digital economy, Shakepay is positioning itself as a key player in the Canadian fintech landscape. Its user-friendly platform aims to demystify cryptocurrency for a broader audience.
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
QED Investors
QED Investors is a global venture capital firm specializing in early-stage, disruptive financial services companies. They are known for their hands-on approach, leveraging deep entrepreneurial experience to foster breakthrough growth in their portfolio companies.
Amphora Capital
Amphora Capital is an investment advisory firm with expertise in corporate and project finance, primarily serving South-East Europe. They provide tailored financial solutions and support businesses in navigating complex financial landscapes.
Boost VC
Boost VC is an investor focused on deep tech and emerging categories, providing pre-seed funding and fellowship programs for early-stage startups. They have a history of supporting innovative technologies and operate with a high deal volume.
What's next for Shakepay?
The recent major strategic investment in Shakepay signals a pivotal phase for the company, likely focused on scaling operations, enhancing its product offerings, and expanding its market reach within Canada. This capital infusion is expected to accelerate Shakepay's mission to provide open access to wealth building and connect more Canadians to the burgeoning digital economy. Future developments may include further platform innovation, strategic partnerships, and enhanced security measures to solidify its position as a trusted financial application provider.
See full Shakepay company page
