Astra

Astra

Provides infrastructure for instant money transfers

About Astra

Simplify's Rating
Why Astra is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

11-50

Company Stage

Debt Financing

Total Funding

$45M

Headquarters

Menlo Park, California

Founded

2016

Overview

Astra Finance provides a platform for instant and secure money transfers, focusing on financial technology. Their system allows developers to easily integrate real-time payment capabilities into their applications. Astra caters to a variety of clients, including businesses and developers, who want to improve their payment processes. What sets Astra apart from competitors is its vertically integrated platform, which ensures that transactions are both fast and secure. The company's goal is to offer a scalable infrastructure that supports efficient financial transactions, helping businesses enhance their payment solutions.

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Treasury Prime expands Astra's reach in embedded banking solutions.
  • Inclusion in Embedded Fintech 50 list boosts Astra's reputation as a fintech innovator.
  • $10 million Series A funding and $30 million credit line support Astra's expansion plans.

What critics are saying

  • Increased competition in real-time payment solutions may reduce Astra's market share.
  • Rapid fintech advancements require continuous innovation, potentially straining Astra's resources.
  • Potential regulatory scrutiny could increase compliance costs for Astra.

What makes Astra unique

  • Astra's platform enables real-time payments, enhancing transaction speed and reliability.
  • The company offers a vertically integrated API for seamless payment integration into applications.
  • Astra's technology achieves a 99.997% success rate in automated transfers, surpassing ACH standards.

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Funding

Total Funding

$45M

Above

Industry Average

Funded Over

3 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Company Match

401(k) Retirement Plan

Stock Options

Paid Vacation

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

4%
Crowdfund Insider
Sep 19th, 2023
Treasury Prime Announces Integration With Astra To Bring Real Time Payment Capabilities

Treasury Prime, an embedded banking software company, announced a strategic collaboration with Astra, a technology company that offers advanced instant payment solutions.With Astra’s technology, Treasury Prime customers now “have access to instant account funding and instant disbursements via push-to-card capabilities.”This feature marks a significant step forward in “streamlining payment processes for banks and enterprises.”By enabling push-to-card transactions, Treasury Prime’s customers “can now provide their end-users with faster and more efficient funding options compared to traditional methods like ACH transfers.”Through the partnership, Astra enables Treasury Prime’s customers “to elevate their customer experiences by facilitating swift account funding for end-users.”Mark Vermeersch, Chief Platform Officer at Treasury Prime, said:“The speed, efficiency, and accessibility of Astra’s transfer technology, coupled with our embedded finance marketplace, stand to transform the way businesses and end users conduct transactions, paving the way for a more dynamic and connected financial landscape.”Gil Akos, co-founder and CEO at Astra, said:“Instant payments technology represents the future of financial transactions, offering instant access to funds with heightened efficiency, security, and convenience. Through this collaboration with Treasury Prime, we look forward to empowering businesses to embrace the power of instant transactions, driving growth, enhancing customer experiences, and fostering financial inclusion.”This partnership comes on the heels of Treasury Prime’s recent partnership announcements with Sardine and Checkout.com, “further building out the firm’s industry leading partner marketplace.”Earlier this year, Treasury Prime introduced OneKey Banking, a multi-bank solution, and closed a successful $40 million Series C funding round.As covered last month, Treasury Prime, a embedded banking software company, today announced its strategic partnership with Liberty Bank, N.A., a full-service commercial bank supporting markets across California, to offer innovative embedded banking solutions to customers in the fintech space.Through the collaboration, Liberty Bank, N.A. will work “with businesses on the Treasury Prime platform to create new channels for end users to interact and consume its comprehensive suite of financial services, including Deposit Accounts, ACH, and Wires.”

PR Newswire
Sep 18th, 2023
Treasury Prime Announces Integration With Astra To Bring Real Time Payment Capabilities To Customers

SAN FRANCISCO, Sept. 18, 2023 /PRNewswire/ -- Treasury Prime , a leading embedded banking software company, announced today a strategic collaboration with Astra , a technology company that offers advanced instant payment solutions. With Astra's technology, Treasury Prime customers now have access to instant account funding and instant disbursements via push-to-card capabilities.This new feature marks a significant step forward in streamlining payment processes for banks and enterprises. By enabling push-to-card transactions, Treasury Prime's customers can now provide their end-users with faster and more efficient funding options compared to traditional methods like ACH transfers. Through the partnership, Astra enables Treasury Prime's customers to elevate their customer experiences by facilitating swift account funding for end-users."The speed, efficiency, and accessibility of Astra's transfer technology, coupled with our embedded finance marketplace, stand to transform the way businesses and end users conduct transactions, paving the way for a more dynamic and connected financial landscape," said Mark Vermeersch, Chief Platform Officer at Treasury Prime."Instant payments technology represents the future of financial transactions, offering instant access to funds with heightened efficiency, security, and convenience. Through this collaboration with Treasury Prime, we look forward to empowering businesses to embrace the power of instant transactions, driving growth, enhancing customer experiences, and fostering financial inclusion," said Gil Akos, co-founder and CEO at Astra.This partnership comes on the heels of Treasury Prime's recent partnership announcements with Sardine and Checkout.com, further building out the firm's industry leading partner marketplace

Business Wire
Feb 1st, 2023
Astra Named To Ggv Capital’S Inaugural Embedded Fintech 50 List

SAN FRANCISCO--(BUSINESS WIRE)--Astra, a leading provider of instant payments infrastructure in the U.S., was named to the Embedded Fintech 50, a list launched by GGV Capital in partnership with Crunchbase, to recognize the most promising fintech companies in the eyes of startup investors.GGV Capital convened 57 investment firms to nominate and vote on the 50 honorees. Having raised more than $12 billion collectively, the Embedded Fintech 50 demonstrates the enthusiasm of venture capital investors in the growth and innovation of this sector. In celebration, honorees will ring the Closing Bell at the Nasdaq MarketSite today.“As the financial landscape continues to evolve, fintechs and other financial services organizations are met with the challenge of providing faster account funding to their users, which comes with a slew of hurdles around product engineering, compliance overhead, and payment operations,” said Gil Akos, co-founder and CEO of Astra. “At Astra, we have successfully pioneered a solution that fills this critical industry gap, enabling businesses to provide fast, secure, and frictionless transfers. This incredible honor from GGV Capital underscores our team’s dedication to continuous innovation for embedded payment capabilities, and we are thrilled to be recognized amongst the other impressive fintech companies on this list.”Through a suite of pre-built automations, transfer orchestration between banks, and integrated anti-fraud, Astra’s vertically integrated API enables developers to achieve a level of efficient financial functionality that was previously unattainable. Astra’s solution makes it simple and straightforward to add accelerated and risk mitigated transfers into any application.To date, Astra has completed more than $250 million of automated transfers with a 99.997% success rating – a 1,000X improvement over standard ACH failure rates

Business Wire
Oct 17th, 2022
Astra Secures $10 Million in Series A Funding with a $30 Million Line of Credit

Astra, a leading provider of instant card-to-card funding as a service in the U.S., today announced a $10 million Series A funding round led by FPV Ve

Finsmes
Oct 14th, 2022
Astra Raises $10M in Series A Funding; $30M Credit Line  

Astra, a San Francisco, CA-based provider of instant card-to-card funding as a service in the U.S., raised $10M in Series A funding

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