What is Shakepay?
Shakepay is a Montreal-based technology firm specializing in financial applications designed to empower Canadians in building wealth. The company simplifies the process of buying and selling cryptocurrency through an intuitive platform, making digital asset acquisition accessible to a broader audience. Shakepay's core objective is to foster open access to wealth creation opportunities and seamlessly connect individuals with the burgeoning digital economy. The company's focus on user experience and accessibility positions it as a key facilitator in the adoption of digital finance in Canada.
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
QED Investors
QED Investors is a global venture capital firm focused on early-stage, disruptive financial services companies. They leverage decades of entrepreneurial experience to help their portfolio companies achieve breakthrough growth, with notable investments in fintech leaders.
Boost VC
Boost VC is a leading investor in deep tech, providing pre-seed funding and fellowship programs for early-stage startups. They actively support groundbreaking ideas across emerging and frontier technology categories.
Amphora Capital
Amphora Capital specializes in corporate finance, project finance, and investment advisory services, primarily operating in South-East Europe. They provide tailored financial solutions and guidance to businesses and investors.
What's next for Shakepay?
With the recent injection of $35M in a major strategic investment, Shakepay is poised for accelerated expansion. This capital will likely fuel further development of its financial applications, enhance its cryptocurrency trading platform, and potentially broaden its market reach within Canada. The company's commitment to open access and wealth building suggests a strategic focus on scaling its user base and solidifying its position as a leader in the Canadian digital finance sector. Future initiatives may include new product offerings or strategic partnerships to further its mission.
See full Shakepay company page
