Shakepay, a Canadian bitcoin technology company enabling customers to easily buy and earn bitcoin through financial applications, has raised CAD44 million in a Series A investment, at a CAD313m valuation.
The round was led by QED Investors, a US-based venture capital firm that invests in businesses that disrupt and empower the financial technology industry, funding over 150 successful fintech companies.
Existing investors Boost VC and BoxOne Ventures also participated along with Golden Ventures, Broadhaven, Henri Machalani, Mike Murchison, Jevon MacDonald, Mark MacLeod, Dan Debow, Farhan Thawar, and several product leaders from Shopify.
The funding will be used to scale Shakepay’s business and launch new products that make it easier for Canadians to gain access and exposure to the digital economy. As part of the capital raise, Matt Burton, Partner at QED Investors, will join Shakepay’s board of directors, alongside Shakepay’s founders, Jean Aminouny, CEO and Roy Breidi, CTO.
