Digital Banking

Strike raises $80M in funding round

October 14, 2022

Strike, a digital payments platform built on the Bitcoin Lighting Network, has raised $80 million in a funding round led by Ten31. It will use the funds to boost its payments services for merchants, financial institutions and marketplaces, according to a press release.

Strike recently launched its API to allow card networks to access the Bitcoin Lightning Network for cash-final payments with no legacy processing fees. NCR, Blackhawk and Shopify are some of the first partners to integrate the API.

"We're 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," Jack Mallers, founder and CEO of Strike, said in the release. "We appreciate the continued support of investors who've backed Strike since our founding and are excited to welcome new partners to support our mission, disrupt the industry, and define the future of payments with a truly global, open, secure, instantaneous, virtually free network."