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Shakepay

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Allows Canadians to buy bitcoin and pay their friends

Montreal, CanadaFounded 2015Fintech
Valuation $100–250M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Shakepay and the history behind them.

About Shakepay

Shakepay is a Canadian-based digital currency platform that allows users to buy, sell, and manage Bitcoin and Ethereum instantly. The company primarily serves Canadian residents, offering a user-friendly mobile app and web interface for seamless cryptocurrency transactions. Shakepay operates in the cryptocurrency market, targeting both novice and experienced digital currency users who seek a reliable and quick way to trade cryptocurrencies. The business model revolves around transaction fees and spreads on buy/sell orders, which is how the company generates revenue. Shakepay also provides a unique feature called 'Shakepay Card,' a prepaid Visa card that allows users to spend their cryptocurrency holdings in real-time, converting them to Canadian dollars at the point of sale. The platform emphasizes security and user control over digital assets, ensuring that all transactions are final and irreversible. Shakepay's services are exclusive to Canadian residents, and it does not cater to users from the U.S., Europe, Asia, or other regions. The company is headquartered in Montreal, Quebec, and adheres to local regulations and legal frameworks.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Montreal, Canada
Employees
89
Open positions
None listed
Dealroom signal
59.5/100
Industry
Fintech
Sub-industry
Payments, Crypto and DeFi
Sector
Fintech, Bitcoin, Wealth Management, Spinout, Crypto and Web3
Technology
Blockchain
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Jan 2022 $32M $129M Boost VC · Jevon MacDonald · Mark Macleod · BoxOne Ventures ↗
SEED✓Equity / VC Feb 2018 $800K $3.2M Undisclosed —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Shakepay website traffic

Latest recorded traffic for Shakepay is 200K monthly website visits, down 28.6% over the last three months. Shakepay's team declined 16.8% over the past year.

Latest monthly visits200K 3-month web change-28.6% 1-year team growth-16.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A11 investors entered at this stage

  • QED Investors
  • Boost VC
  • Jevon MacDonald
  • Mark Macleod
  • BoxOne Ventures
  • Golden Ventures
  • Broadhaven Ventures
  • Mike Murchison
  • Farhan Thawar
  • Daniel Debow
  • Henri-Charles Machalani

Other known investors3 additional known investors

  • University of Toronto
  • Alkarim Nasser
  • Creative Destruction Lab
Team profiled 18 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇨🇦 Canada94.4%
🇺🇸 United States4.2%
🇨🇿 Czech Republic1.4%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Shakepay on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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