Storspay
Low-cost working capital for small businesses, powered by stablecoin.
Toronto, Canada · Founded 2023 · $320K raised
- Headquarters
- Toronto
- Employees
- 1–10
- Founded
- 2023
- Business Model
- Marketplace
- Website
- storspay.com
- Total Funding
- $320K
- Last Round
- $320K Pre-SeedApr 2023
- Rounds
- 1
About
Storspay (operating as StorsApp, an RxAll company) is a DeFi-powered lending platform that automates retail lending to small businesses globally using USD stablecoin. The protocol enables individual investors in North America to lend dollar-denominated stablecoins to small businesses with zero traditional collateral through an automated lending pool mechanism, providing access to low-cost working capital at competitive interest rates. Storspay has partnered with RxAll, a pan-African commerce platform with 5,000+ digitized small businesses, to extend its stablecoin lending rails into emerging markets.
Summary
Storspay is a Crypto & Web3 company based in Toronto, Canada, founded in 2023. It has raised $320K in total across 1 round, most recently a $320K Pre-Seed round in Apr 2023. Investors include Techstars, Circle Ventures and RBCx.
Tech & App Stack
2 technologies & apps tracked
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Funding History
Apr 2023
Investors
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