Storspay: Funding, Investors & Team (Aug 2026)
Storspay is constructing a decentralized system for retail lending on the internet that is similar to Stripe. Our software and APIs make lending easier for retail investors worldwide to small businesses using stablecoin. Retail investors in North America can lend to participating businesses globally using their phone and a debit/credit card. They can earn interest at a higher rate compared to a savings account. Users can earn more interest by staking their balances that will be lent to merchants in the network at lower rates. We are creating a new way for merchants and investors to exchange capital that removes the limitations of the traditional system by implementing a borderless, zero-fee, community-driven approach that can generate higher interest income for investors and lower rates for merchants. Techstars and J.P. Morgan are backing us, and we aim to build the Stripe for retail lending that is cross-border and serves small businesses worldwide.
Storspay has raised $200k across 1 funding round on record, the most recent a Pre-Seed of $200k announced in Apr 2023.
That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Storspay Company Profile and Key Stats
Latest funding round on record: Apr 2023.
Storspay Funding Rounds
Storspay Founders and Leadership Team
No contact details are on record for this team yet.
Storspay Funding Compared to Other Financial Services Startups
Storspay's latest round of $200k is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Storspay Funding FAQs
What does Storspay do?
Storspay is constructing a decentralized system for retail lending on the internet that is similar to Stripe. Our software and APIs make lending easier for retail investors worldwide to small businesses using stablecoin. Retail investors in North America can lend to participating businesses globally using their phone and a debit/credit card. They can earn interest at a higher rate compared to a savings account. Users can earn more interest by staking their balances that will be lent to merchants in the network at lower rates. We are creating a new way for merchants and investors to exchange capital that removes the limitations of the traditional system by implementing a borderless, zero-fee, community-driven approach that can generate higher interest income for investors and lower rates for merchants. Techstars and J.P. Morgan are backing us, and we aim to build the Stripe for retail lending that is cross-border and serves small businesses worldwide.
How much funding has Storspay raised?
Storspay has raised $200k across 1 round on record. The most recent is a Pre-Seed of $200k announced in Apr 2023.
When did Storspay last raise funding?
Storspay's most recent funding round on record is a Pre-Seed of $200k, announced in Apr 2023.
Who founded Storspay?
FundedIQ lists Adebayo Alonge (Founder) at Storspay.
Where is Storspay headquartered?
Storspay is based in Toronto, Ontario, Canada.
How many employees does Storspay have?
Storspay is in the 1-10 employee band.
How does Storspay's funding compare to other Financial Services startups?
Storspay's latest round of $200k is below the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Storspay Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Storspay is left off this page rather than filled in.
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