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Overview
Shakepay is a Canada-focused cryptocurrency platform that lets residents buy, sell, and manage Bitcoin and Ethereum through a mobile app or web interface. It earns revenue from transaction fees and bid–ask spreads on trades, and offers the Shakepay Card—a prepaid Visa that converts crypto to Canadian dollars at the point of sale for spending. The platform emphasizes security and user control, making transactions final and irreversible. Its goal is to help Canadians trade, hold, and spend crypto within a regulated, local environment.
About Shakepay
Industries
Fintech
Crypto & Web3
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$33.1M
Headquarters
Montreal, Canada
Founded
2015
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Simplify's Take
What believers are saying
- CIRO membership and CIPF coverage on cash improve onboarding for risk-conscious Canadians.
- April 2026 bitcoin-backed loans and July 2026 Interac participation expand everyday money flows.
- May 2026 physical card waitlist and 1.5 million-user claims signal strong consumer pull.
What critics are saying
- Wealthsimple Crypto undercuts Shakepay with broader coins and fee tiers by July 2026.
- Bitcoin-backed lending, launched April 2026, adds liquidation risk and regulatory scrutiny quickly.
- Crypto assets lack CIPF protection; a custody failure or lending blowup could cripple Shakepay.
What makes Shakepay unique
- CIRO investment dealer since January 8, 2025, strengthening regulatory trust in Canada.
- Shakepay combines bitcoin trading, Interac e-Transfers, direct deposit, and bill pay in one app.
- The Shakepay Card rewards Canadian spending with bitcoin and recent physical-card waitlist demand.
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Funding
Total Funding
$33.1M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Remote Work Options
Professional Development Budget
Paid Vacation
Parental Leave
Stock Options
Home Office Stipend
Growth & Insights and Company News
6 month growth
↑ 6%1 year growth
↑ 9%2 year growth
↑ 10%First Québec-based crypto exchange to earn investment dealer status
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Shakepay is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Shakepay
Industries
Fintech
Crypto & Web3
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$33.1M
Headquarters
Montreal, Canada
Founded
2015
Shakepay is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today