Strike's core product is a commerce API built on the Bitcoin Lightning Network that integrates instant, global, cash-final payments into merchants, marketplaces, and financial institutions. Initial partners for the flagship API include Blackhawk, NCR, and Shopify, and the integration aims to eliminate legacy processing fees like interchange. The company also offers a consumer app (over two million downloads) that lets users send dollars worldwide instantly with no added fees and expands access to remittances and basic financial services. Strike says its payments are accessible to any consumer who can move money using the Lightning Network, including more than 70 million Cash App users. The company plans to release new product lines and API capabilities to enable large financial institutions and businesses to both receive and send payments using Strike's infrastructure. Strike will use recent capital to accelerate growth, expand existing partnerships, and launch new partnerships globally.

Total raised

$80M

Funding rounds

1

Latest round

Series B

Latest activity

Sep 2022