About StorsApp
StorsApp is a company based in Toronto (Canada) founded in 2021 by Adebayo Alonge.. StorsApp has raised $340 thousand across 2 funding rounds from investors including Techstars. StorsApp offers products and services including Lending Service, Yield Farming, and Borrowing Platform. StorsApp operates in a competitive market with competitors including Stablehouse, Bright Network, Tesseract, Vee.Finance and FintruX, among others.
- Headquarter Toronto, Canada
- Founders Adebayo Alonge
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Storsapp, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$340 K (USD)
in 2 rounds
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Latest Funding Round
$20 K (USD), Seed
Jun 29, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of StorsApp
StorsApp offers a comprehensive portfolio of products and services, including Lending Service, Yield Farming, and Borrowing Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for cross-border loans to small businesses with high yields.
Earns returns on crypto stablecoins by lending to businesses.
Enables merchants to access cheap loans and make payments.
Funding Insights of StorsApp
StorsApp has successfully raised a total of $340K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $20 thousand completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $20,000
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First Round
First Round
(28 Apr 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2023 | Amount | Seed - StorsApp | Valuation |
investors |
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| Apr, 2023 | Amount | Seed - StorsApp | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in StorsApp
StorsApp has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by StorsApp
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - StorsApp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Storsapp Comparisons
Competitors of StorsApp
StorsApp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stablehouse, Bright Network, Tesseract, Vee.Finance and FintruX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital assets investment opportunities are offered to individuals and institutions.
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| domain | founded_year | HQ Location |
Bright Network is operated as a decentralized blockchain platform.
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| domain | founded_year | HQ Location |
Crypto loans are provided to businesses and senior investors.
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| domain | founded_year | HQ Location |
Cryptocurrency-based lending platform for businesses
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| domain | founded_year | HQ Location |
Blockchain-based P2P lending marketplace connects borrowers and lenders.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about StorsApp
When was StorsApp founded?
StorsApp was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is StorsApp located?
StorsApp is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of StorsApp?
Adebayo Alonge is the current CEO of StorsApp. They have also founded this company.
Is StorsApp a funded company?
StorsApp is a funded company, having raised a total of $340K across 2 funding rounds to date. The company's 1st funding round was a Seed of $320K, raised on Apr 28, 2023.
What does StorsApp do?
StorsApp was founded in 2021 in Toronto, Canada, within the decentralized finance sector. Retail lending infrastructure is developed for internet-based operations, enabling automated loans from retail investors to small businesses across borders. Stablecoins are utilized through APIs and software to streamline the process, supporting global access without traditional intermediaries. The platform focuses on cross-border transactions for small enterprises.
Who are the top competitors of StorsApp?
StorsApp's top competitors include Bright Network, Tesseract and Vee.Finance.
What products or services does StorsApp offer?
StorsApp offers Lending Service, Yield Farming, and Borrowing Platform.
Who are StorsApp's investors?
StorsApp has 1 investor. Key investors include Techstars.
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