Shakepay

Digital currency platform for Canadians

Montreal, Quebec, Canada

About Shakepay

Shakepay is a digital currency platform based in Canada that enables users to buy, sell, and manage Bitcoin and Ethereum quickly. The platform features a mobile app and web interface designed for easy cryptocurrency transactions, catering to both beginners and experienced users. Shakepay generates revenue through transaction fees and spreads on buy/sell orders. A standout feature is the 'Shakepay Card,' a prepaid Visa card that allows users to spend their cryptocurrency instantly, converting it to Canadian dollars at the time of purchase. The company prioritizes security and gives users control over their digital assets, with all transactions being final and irreversible. Shakepay exclusively serves Canadian residents and complies with local regulations.

Montreal, CanadaHeadquarters
2015Year Founded
$32.2MTotal Funding
SERIES_ACompany Stage
Fintech, Crypto & Web3Industries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Remote Work Options
Professional Development Budget
Paid Vacation
Parental Leave
Stock Options
Home Office Stipend

Risks

Increased competition from Canadian fintech companies could erode Shakepay's market share.
Volatility of Bitcoin and Ethereum prices poses a risk to Shakepay's revenue model.
Regulatory changes in Canada could impact Shakepay's operations and compliance costs.

Differentiation

Shakepay offers a unique Shakepay Card for real-time crypto-to-CAD transactions.
The platform provides a seamless user experience for both novice and experienced crypto users.
Shakepay emphasizes security and user control over digital assets, ensuring irreversible transactions.

Upsides

Shakepay's new everyday payments feature enhances its financial tool offerings.
The $44 million Series A funding supports expansion of Bitcoin-focused products.
Integration of AI-driven financial advisory services could enhance user experience.

Funding

Total raised$32.16 M
Latest valuation$220.00 M
StageSERIES_A