Stratos builds an all-in-one connected smart credit card that lets users load credit and loyalty cards onto a single physical card. The team is working on PIN and chip integration that could enable ATM use, a feature it highlights as a competitive advantage. The company shifted from R&D to launch preparation and production is already underway. Stratos expects to launch within the next 12 months and has built leeway into its timeline. The recent $5.8M raise will be used to accelerate recruiting and scale manufacturing. Stratos intentionally avoided Kickstarter and early press, citing the technical challenge of the product, and CEO Thiago Olson frames Apple Pay as validation of the space rather than a direct competitor.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2014