Strike counts Blackhawk, NCR, and Shopify as partners for its commerce API. Credit: Anand KZ from Pixabay.

Strike, a payments company built on Bitcoin Lightning Network, has raised $80m in its Series B funding round.

The round was led Ten31 and joined by Washington University in St. Louis, the University of Wyoming, and other investors along with existing backers.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Strike plans to use the investment to fund growth, expand existing partnerships and form new ones.

The funding comes after Strike launched its flagship application programming interface (API), which gives an alternative experience to traditional card networks to enable ‘instant’, global, cash-final payments without the legacy processing fees such as interchange.

Initial customers of the API include Blackhawk, NCR, and Shopify.

Strike also plans to expand its product offerings aimed at large financial institutions and businesses to receive and send money.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Strike founder and CEO Jack Mallers said: “We are moving full speed ahead not just to integrate Strike’s revolutionary payments with leading merchants, but globally, with a variety of businesses and partners to innovate and deliver on more financial inclusion.

“Every company that is in the business of moving money is interested in superior payments, and we’re in talks with many of them.”

Ten31 co-founder and managing partner Grant Gilliam said: “Strike and Ten31 have a shared vision for the positive impact bitcoin can have on the world and are mutually aligned on accelerating its adoption.

“We believe Strike is poised to disrupt the financial services and payments landscape, enabling a more efficient, innovative, and inclusive financial experience for everyone. We are excited about supporting Strike’s next phase and strengthening our partnership together.”