Crypto Market

Canadian bitcoin trade and switch service Shakepay raises $44M

Written by James Smith

Shakepay, a Canadian-based exchange platform for bitcoin (BTC) and ether (ETH), introduced it closed $44 million in Collection A funding. The spherical was led by QED Traders, a US-based enterprise capital agency.

“We love our devoted neighborhood of shakers, and this funding goes proper to work to carry you extra services that will help you earn, entry, and construct wealth in bitcoin. In 2021, we grew 381% to greater than 900,000 shakers with $6B in whole quantity and grew our group from round 20 individuals to 75 throughout Canada. Simply think about what this funding might imply for 2022 and the long run past.”
– The Shakepay Team

As a part of the capital elevate, Matt Burton, Associate at QED Traders, will be a part of Shakepay’s board of administrators, alongside founders, Jean Amiouny, CEO, and Roy Breidi, CTO.

Ongoing participation additionally got here from Increase VC and BoxOne Ventures, whereas Collection A newly included participation from Golden Ventures, Broadhaven, Henri Machalani, Mike Murchison, Jevon MacDonald, Mark MacLeod, Dan Debow, Farhan Thawar, and several other product leaders from Shopify.

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James Smith

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