Strike, a Chicago, IL-based digital payment platform built on top of Bitcoin’s Lightning Network, raised $80M in Series B funding.
The round was led by Ten31 with participation from Washington University in St. Louis, and the University of Wyoming, and others.
The company intends to use the funds to further enhance its growth, continue expanding existing partnerships, and launch new partnerships.
Led by CEO Jack Mallers, Strike is a digital payment provider on a mission to open payment networks enable universal participation in the financial system, with borderless money transfers, cheap payment processing, and new payment experiences previously impossible with legacy technology. The funding follows Strike’s public launch of its flagship API with initial partners including some of the world’s largest point of sale and e-commerce platforms such as Blackhawk, NCR, and Shopify. The
integration offers an alternative experience to traditional card networks by leveraging the underlying technology of the Bitcoin Lightning Network to allow for instant, global, cash-final payments
while eliminating legacy processing fees like interchange.
FinSMEs
27/09/2022