Storspay company logo
Automating retail lending to small businesses globally using stablecoin1-10 Employees
  • B2C
  • B2B
  • Early Stage
    Startup in initial stages
Website
Locations
Company size
1-10 people
Total raised
$320K
Company type
Financial Institution
Markets
Developer APIsFin TechBlockchain / Cryptocurrency
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Storspay careers

Automating retail lending to small businesses globally using stablecoin
Storspay is building decentralised retail lending infrastructure for the internet (the Stripe for retail lending). Our APIs & software automate lending by retail investors to small businesses globally using stablecoin. Retail investors in North America only need their phone to lend to participating merchants (anywhere in the world) using just adebit/credit card. They enjoy 3x higher yield vs. savings account. Users can earn interest income (higher vs. their bank) by staking their balances to be lent at affordable rates to merchants in the network (who enjoy lower rates vs. banks). We are creating a new way for merchants and retail investors to exchange capital, one that puts them at the heart of the transaction while undoing the frictions of the current system through new paradigms- borderless instant lending, zero fees, community-driven higher interest income on user staking and lower rates on merchant borrowing. Backed by Techstars & J.P.Morgan , Storspay is building the Stripe for cross-border retail lending to small businesses globally.
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Adebayo Alonge
Avatar for Adebayo Alonge
2x Founder @RxAll, @Storspay Deep Tech Programmer, Pharmacist, Strong business background (BCG, BASF, Roche, Yale)
Total raised

$320K

Funded over

1 round

Latest round

Pre-Seed (Apr 2023)

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