About Strawpay
Strawpay is a company based in Stockholm (Sweden) founded in 2014.. Strawpay has raised $118.5 thousand across 3 funding rounds from investors including Sting. Strawpay operates in a competitive market with competitors including Connext, ChangeTip, BitWall, SatoshiPay and ZapChain, among others.
- Headquarter Stockholm, Sweden
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$118.5 K (USD)
in 3 rounds
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Latest Funding Round
$59.05 K (USD), Grant
Jun 01, 2015
- Investors
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Employee Count
Employee Count
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Funding Insights of Strawpay
Strawpay has successfully raised a total of $118.5K across 3 strategic funding rounds. The most recent funding activity was a Grant round of $59.05 thousand completed in June 2015. 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 3
- Last Round Grant — $59,050
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First Round
First Round
(01 Nov 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Grant - Strawpay | Valuation |
investors |
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| Jan, 2015 | Amount | Seed - Strawpay | Valuation |
investors |
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| Nov, 2014 | Amount | Seed - Strawpay | 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 Strawpay
Strawpay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sting. 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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Sting is recognized as a leading startup accelerator in the Nordics.
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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 Strawpay
| 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 - Strawpay
| 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 |
Strawpay Comparisons
Competitors of Strawpay
Strawpay 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 Connext, ChangeTip, BitWall, SatoshiPay and ZapChain, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Therapeutic solutions for orphan diseases are developed and provided.
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| domain | founded_year | HQ Location |
Bitcoin micropayments are facilitated via social media platforms.
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| domain | founded_year | HQ Location |
Bitcoin micropayments are facilitated for web content publishers.
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| domain | founded_year | HQ Location |
Nano payments are processed for businesses to monetize digital content.
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| domain | founded_year | HQ Location |
A microtransaction-enabled social network connecting users for seamless interactions.
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| domain | founded_year | HQ Location |
Delivers a content platform enabled with micropayments for seamless transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Strawpay
When was Strawpay founded?
Strawpay was founded in 2014.
Where is Strawpay located?
Strawpay is headquartered in Stockholm, Sweden.
Is Strawpay a funded company?
Strawpay is a funded company, having raised a total of $118.5K across 3 funding rounds to date. The company's 1st funding round was a Seed of $82.67K, raised on Nov 01, 2014.
What does Strawpay do?
Founded in 2014 in Stockholm, Sweden, Strawpay operates in the blockchain fintech sector. An open payment network named Stroem is maintained, built on the Bitcoin protocol to process micropayments as low as a few cents. Transactions from consumers to merchants are completed in under a second, with features including low costs, privacy protections, fraud resistance, and proof of purchase. The system incorporates the BIP 0070 protocol specification for wallet-to-merchant interactions.
Who are the top competitors of Strawpay?
Strawpay's top competitors include SatoshiPay, ChangeTip and BitWall.
Who are Strawpay's investors?
Strawpay has 1 investor. Key investors include Sting.
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