HomeBitcoin GuideCanadian bitcoin alternate and switch service Shakepay raises $44M

Canadian bitcoin alternate and switch service Shakepay raises $44M

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Shakepay, a Canadian-based alternate platform for bitcoin (BTC) and ether (ETH), introduced it closed $44 million in Collection A funding. The spherical was led by QED Traders, a US-based enterprise capital agency.

“We love our devoted neighborhood of shakers, and this funding goes proper to work to convey you extra services that will help you earn, entry, and construct wealth in bitcoin. In 2021, we grew 381% to greater than 900,000 shakers with $6B in whole quantity and grew our staff from round 20 folks to 75 throughout Canada. Simply think about what this funding might imply for 2022 and the longer term past.”
– The Shakepay Staff

As a part of the capital elevate, Matt Burton, Accomplice at QED Traders, will be part of Shakepay’s board of administrators, alongside founders, Jean Amiouny, CEO, and Roy Breidi, CTO.

Ongoing participation additionally got here from Increase VC and BoxOne Ventures, whereas Collection A newly included participation from Golden Ventures, Broadhaven, Henri Machalani, Mike Murchison, Jevon MacDonald, Mark MacLeod, Dan Debow, Farhan Thawar, and a number of other product leaders from Shopify.

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