Observed Signal · Sep 27, 2022 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Bitcoin Startup Strike Raises $80 Million Series B
Chicago-based Bitcoin startup Strike, founded in 2019 by Jack Mallers, has raised $80 million in a Series B round. The funding came from Bitcoin investor Ten31 as well as Washington University in St. Louis and the University of Wyoming. Strike offers a Lightning Network-based wallet app for fast and low-cost Bitcoin transactions and has released an API to let businesses accept Bitcoin payments. Twitter uses the API for its tipping feature, while Shopify, Blackhawk and NCR are also named as partners. The company aims to make Bitcoin a viable payment method in online shops and to challenge traditional payment networks including card schemes and SWIFT. Strike has around 2 million downloads and is currently available in the US, El Salvador and Argentina. Block's Cash App, with 70 million users, is highlighted as another leading Lightning Network app.
Bitcoin payment startup's $80M Series B with integrations at Twitter and Shopify advances crypto payments for online commerce, moderately relevant to e-commerce infrastructure but with limited direct AdTech impact.
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Key Takeaways & Evidence Grounding
- Strike raised $80 million in Series B funding.
- Investors include Ten31, Washington University in St. Louis and University of Wyoming.
- Strike's API powers Twitter's Bitcoin tipping feature.
- Partners include Shopify, Blackhawk and NCR.
- Strike app is available in the US, El Salvador and Argentina and has about 2 million downloads.
Connected Companies & Entities
3 Entities mapped“Weitere Partner sind etwa Shopify, Blackhawk oder NCR....”
“Weitere Partner sind etwa Shopify, Blackhawk oder NCR....”
“Cash App von Block, dem Payment-Unternehmen von Twitter-Mitgründer Jack Dorsey....”
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Google launches unified agentic AI for Gemini
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