Storspay
Decentralized working capital and payment processing platform for micro-retailers in emerging markets.
What it does
Founded in 2022 by Tochukwu Mbagwu, Storspay is a Web3-powered retail financing platform. Storspay connects global decentralized liquidity providers with small retail merchants in emerging markets to offer affordable inventory working capital.
Consumer / retail lending
Known for
- DeFi powered working capital for African SMEs
- Techstars NYC graduate
Model & industry
SaaSAll / Cross-industry
Funding history
$320K
Total raised
1
Rounds
Accelerator
Latest stage
2023
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2023-04 | Accelerator | $320K | Techstars NYC |
Source: Condia Funding Tracker
Products & subsidiaries
Storspay Merchant Credit Engine · Web3 Finance Engine