Strike Raises $80m in New Funding Led by Ten31
The funding round was led by Ten31 and joined by new investors Washington University in St. Louis Endowment, University of Wyoming Endowment, and Susquehanna Investment Group.
- The Chicago-based company on Tuesday announced a $80 million raise to further those ambitions, and break what its brash CEO Jack Mallers calls the “monopolistic, anti-American” dominance of the credit card firms.
- The funding round was led by Ten31 and joined by new investors Washington University in St. Louis Endowment, University of Wyoming Endowment, and Susquehanna Investment Group.
- In an interview with Fortune, Mallers said Strike will use the money in part to develop partnerships with major retailers such as Wendy’s and Starbucks, and to change the payments experience for merchants and customers alike.
- While the idea of challenging credit card giants with Bitcoin may sound pie-in-the-sky, Strike already has shown real-world traction by persuading e-commerce giant Shopify as well as the global point-of-sale service NCR to employ its technology.
- Announcement previously listed $90m raise but has been corrected to $80m.
https://fortune.com/crypto/2022/09/27/bitcoin-rapid-payment-service-strike-raises-90m-takes-aim-at-visa/
archive: https://archive.ph/pAQF5
