{"id":6880,"date":"2022-09-27T15:47:26","date_gmt":"2022-09-27T15:47:26","guid":{"rendered":"http:\/\/ci02ac5d5b200026f9"},"modified":"2025-09-28T17:24:44","modified_gmt":"2025-09-28T22:24:44","slug":"bitcoin-payment-provider-strike-raises-80-million","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/bitcoin-payment-provider-strike-raises-80-million","title":{"rendered":"Strike Closes $80 Million Funding Round For Its Bitcoin Payments Revolution"},"content":{"rendered":"
<\/div>

Strike<\/a>, a leading payment provider for the Bitcoin Lightning Network, has raised $80 million in a series B funding round led by the bitcoin-focused investing firm Ten31, per a press release<\/a>. <\/p>\n

\u201cWe believe Strike is poised to disrupt the financial services and payments landscape, enabling a more efficient, innovative, and inclusive financial experience for everyone,\u201d said Grant Gilliam, co-founder and managing partner of Ten31.<\/p>\n

Additionally, Washington University in St. Louis and the University of Wyoming also contributed to the fund which will be used to further Strike\u2019s initiative to revolutionize payments for merchants, marketplaces and financial institutions. <\/p>\n

\u201cWe\u2019re moving full speed ahead not just to integrate Strike\u2019s revolutionary payments with leading merchants, but globally, with a variety of businesses and partners to innovate and deliver on more financial inclusion,\u201d said Jack Mallers, founder and CEO of Strike. <\/p>\n

The funding follows Strike\u2019s release of an open application-programmable interface (API) which was initially announced at the Bitcoin 2022 conference in Miami. The API allows companies such as the largest global payment provider BlackHawk to facilitate bitcoin and fiat payments across the Lightning Network.<\/p>\n

Furthermore, global ecommerce platform Shopify and the National Cash Register have also started leveraging Strike\u2019s API. The funding gathered will be used to strengthen these partnerships but also to acquire new ones. <\/p>\n

\u201cEvery company that\u2019s in the business of moving money is interested in superior payments, and we\u2019re in talks with many of them. It doesn\u2019t get any bigger and more exciting than innovating in payments for the betterment of the world,\u201d Mallers said.<\/p>\n

Moreover, the company will also explore new product offerings specifically tailored to financial institutions and other businesses to send and receive payments. <\/p>\n

\u201cWe can empower businesses to move money in ways networks such as card networks and SWIFT can\u2019t, and we pay these partners in the form of commissions to do so, which makes it an exciting innovation for everyone,\u201d Mallers concluded. <\/p>\n","protected":false},"excerpt":{"rendered":"

The funding round led by Ten31, Washington University and the University of Wyoming enables Strike to expand its products and acquire new business partners.<\/p>\n","protected":false},"author":2785,"featured_media":6881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[76,130,1963,93,532],"class_list":{"0":"post-6880","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-lightning","10":"tag-mallers","11":"tag-news","12":"tag-strike"},"author_data":{"id":2785,"name":"Shawn Amick","nicename":"shawn-amick","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/bitcoin-magazine-lnstrike-zap.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/6880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2785"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=6880"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/6880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/6881"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=6880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=6880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=6880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}