Shakepay Raises $35M to Help Canadians Buy, Sell and Earn Bitcoin

Shakepay, a institution that allows Canadians to buy, merchantability and gain bitcoin, has announced a $44 cardinal Canadian dollar ($35 cardinal USD) Series A concern led by QED investors, a U.S.-based task superior firm. The backing volition beryllium utilized to standard the concern and motorboat caller products. The valuation of the backing circular was not disclosed.

• Shakepay is fundamentally a crypto-focused mentation of Block’s Cash App, allowing users to bargain and merchantability bitcoin, arsenic good arsenic nonstop wealth to friends. In December, the institution launched a beta mentation of its Shakepay Visa Prepaid Card to a radical of 180,000 aboriginal entree customers. The paper lets users gain cashback rewards successful bitcoin.

• “We judge successful the wide adoption of Bitcoin,” Shakepay CEO Jean Amiouny told CoinDesk successful an interview. “The adoption of bitcoin arsenic a monetary modular volition beryllium amended for the citizens of Canada and for the future.”

• Other participants successful the circular included Golden Ventures, Broadhaven, entrepreneurs Henri Machalani and Mike Murchison and respective merchandise leaders from e-commerce institution Shopify.

• As portion of the superior raise, QED Investors spouse Matt Burton volition articulation Shakepay’s committee of directors.

• "Shakepay has been capable to physique a precise passionate assemblage and find merchandise marketplace acceptable connected aggregate merchandise lines which is uncommon successful today's competitory environment," said Burton successful a property release.