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
- SectorsFinancial Services
- Website storspay.com
- Social LinkedIn X Facebook YouTube
- Legal Name Storsapp, Inc.
- Total Equity Funding$340K (USD)
in 2 rounds
- Latest Funding Round$20K (USD), Seed
Jun 2023
- Investors
Products & Services of StorsApp
StorsApp offers a comprehensive portfolio of products and services, including Lending Service, Yield Farming, and Borrowing Platform.
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.
Apps and channels of StorsApp
its YouTube channel StorsApp has 3 subscribers and 8 videos.
Videos from StorsApp
The most watched videos on StorsApp's YouTube channel, StorsApp (3 subscribers). Click a video to play it here.
More on StorsApp.
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 $340,000
- Total Rounds 2
- Last Round Seed — $20,000
- First Round $320,000
(Apr 2023)
- Investors Count 1
All 2 funding rounds of StorsApp with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $20,000 | Seed | – | – | |
| Apr 2023 | $320,000 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in StorsApp
StorsApp has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States |
Investor details for StorsApp
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of StorsApp
1 people are tracked at StorsApp (1 in leadership).
| Name | Role | Group |
|---|---|---|
Adebayo Alonge | Founder & CEO | Leadership |
Complete people profiles for StorsApp
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of StorsApp
3 dated milestones of StorsApp across 2 years, from founding to its latest funding, stage changes and deals.
- Founded StorsApp is founded.
- Funding First funding round of $320K.
- Funding Latest funding round, Seed, of $20K.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stablehouse.com | 2018 | Bermuda | $2.18M | – | Digital assets investment opportunities are offered to individuals and institutions. | |
| brightnetwork.io | 2017 | London, United Kingdom | $4.53M | 80 | Bright Network is operated as a decentralized blockchain platform. | |
| tesseractinvestment.com | 2017 | Helsinki, Finland | $25M | – | Crypto loans are provided to businesses and senior investors. | |
| vee.finance | 2021 | New York, United States | $2.5M | – | Cryptocurrency-based lending platform for businesses | |
| fintrux.com | 2017 | Singapore | – | – | Blockchain-based P2P lending marketplace connects borrowers and lenders. | |
| seeded.network | 2021 | Solana Beach, United States | $1.25M | – | Cryptocurrency lending and borrowing are facilitated on the platform. | |
| warblerlabs.com | 2020 | San Francisco, United States | – | – | Platform specializing in blockchain development and providing crypto technological solutions for businesses |
Detailed competitors of StorsApp
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Storsapp
Complete news archive for StorsApp
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to StorsApp
10 companies that operate in the same segment as StorsApp (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about StorsApp
StorsApp was founded in 2021 and raised its 1st funding round 2 years after it was founded.
StorsApp is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Adebayo Alonge is the current CEO of StorsApp. They have also founded this 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 2023.
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.
StorsApp's top competitors include Bright Network, Tesseract and Vee.Finance.
StorsApp offers Lending Service, Yield Farming, and Borrowing Platform.
StorsApp has 1 investor. Key investors include Techstars.
StorsApp operates through Storsapp, Inc..