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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
Investors in StorsApp
StorsApp has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars.
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Startups are accelerated globally without sector restrictions through structured programs.
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Investor details for StorsApp
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Investments & Acquisitions by StorsApp
Investment portfolio details for StorsApp
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Financial Statements - StorsApp
Detailed financials for StorsApp
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Storsapp Comparisons
Peer comparison for StorsApp
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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 year | HQ Location | Description |
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Digital assets investment opportunities are offered to individuals and institutions.
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Bright Network is operated as a decentralized blockchain platform.
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Crypto loans are provided to businesses and senior investors.
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Cryptocurrency-based lending platform for businesses
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Blockchain-based P2P lending marketplace connects borrowers and lenders.
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Detailed competitors of StorsApp
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Storsapp
Complete news archive for StorsApp
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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.
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.