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
- SectorsFinancial Services
- Website strawpay.com
- Social LinkedIn X
- Total Equity Funding$118.5K (USD)
in 3 rounds
- Latest Funding Round$59.05K (USD), Grant
Jun 2015
- Investors
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 $118,500
- Total Rounds 3
- Last Round Grant — $59,050
- First Round $82,670
(Nov 2014)
- Investors Count 1
All 3 funding rounds of Strawpay 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 2015 | $59,050 | Grant | – | – | – |
| Jan 2015 | $35,830 | Seed | – | – | |
| Nov 2014 | $82,670 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Strawpay
Strawpay has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sting.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sting is recognized as a leading startup accelerator in the Nordics. | – | sting.co | Stockholm, Sweden |
Investor details for Strawpay
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.
Timeline of Strawpay
3 dated milestones of Strawpay across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Strawpay is founded.
- Funding First funding round of $83K.
- Funding Latest funding round, Grant, of $59K.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| connext.co.kr | 2017 | – | – | – | Therapeutic solutions for orphan diseases are developed and provided. | |
| changetip.com | 2013 | San Francisco, United States | $4.66M | – | Bitcoin micropayments are facilitated via social media platforms. | |
| bitwall.io | 2013 | San Francisco, United States | $50,000 | – | Bitcoin micropayments are facilitated for web content publishers. | |
| satoshipay.io | 2014 | London, United Kingdom | $4.02M | 2 | Nano payments are processed for businesses to monetize digital content. | |
| zapchain.com | 2014 | San Francisco, United States | $350,000 | – | A microtransaction-enabled social network connecting users for seamless interactions. | |
| popchest.com | 2015 | Santa Monica, United States | – | – | Delivers a content platform enabled with micropayments for seamless transactions. | |
| tibdit.com | 2013 | London, United Kingdom | $241,000 | – | Micropayments for online content access are enabled via bitcoin platform. |
Detailed competitors of Strawpay
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.
Similar companies to Strawpay
10 companies that operate in the same segment as Strawpay (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 | – | – |
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Frequently Asked Questions about Strawpay
Strawpay was founded in 2014.
Strawpay is headquartered in Stockholm, Sweden.
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 2014.
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.
Strawpay's top competitors include SatoshiPay, ChangeTip and BitWall.
Strawpay has 1 investor. Key investors include Sting.