Locations
Ontario, Canada · Toronto, ON, Canada · North York, Toronto, ON, Canada
industry
Bitcoin · Blockchain · Cryptocurrency · FinTech · Mobile Payments
Size
1 - 10 employees
Stage
Other
founded in
2022
Storspay is building decentralized retail lending infrastructure for the internet (the Stripe for retail lending). Our APIs and 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 a debit or credit card. They enjoy 3x higher yield versus savings accounts. Users can earn interest income (higher versus their bank) by staking their balances to be lent at affordable rates to merchants in the network (who enjoy lower rates versus 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 and J.P. Morgan, Storspay is building the Stripe for cross-border retail lending to small businesses globally.
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