Announcing our $10m Series A led by FPV Ventures

20230720 LaunchPad GA SQ 2
Gil Akos
Co-founder, CEO

Today, we are thrilled to announce that we have raised a $10 million Series A led by FPV Ventures, with continued support from Slow Ventures and Allegis Capital. We have also secured a $30 million credit facility from CoVenture to support the growth of our payment products.

We founded Astra to help consumers and businesses get their money to the right place at the right time, wherever they were interfacing with their finances. Our payments platform tackles the hardest and most complex aspects of the fintech product stack so that developers can focus on the most important parts of their businesses. Companies integrating with Astra have been able to accelerate their growth and minimize risk with best-in-class performance while leveraging the power of real-time payments and enhanced security.

In the last six months, we have grown our customer base by 200% and payment volumes by 300%. As we continue to grow with key customers like Fold, Ugami, and Juno, we are eager to see new use cases that developers bring to life enabled by Astra’s API. To that end, in 2022 we’ve also established deep partnerships with Visa, MX, Unit, and Lithic to make it even easier for developers to embed Astra’s payments capabilities into their products.

This new round of funding will allow us to expand our team, and continue to innovate around fast, flexible payment types. Our offerings will expand with new products that help developers functionalize and operationalize transfers, as we continue to make payments more accessible, improve time to money, and enhance payment automations for a wider range of customers and industries.

A heartfelt thanks to the entire Astra team, our customers, our partners, and our investors for their support as we continue to grow and evolve the Astra payments platform.

Ad Astra!

Gil, Sam, Zach, and the Astra Team

PS: You can read more about our raise via our article on Business Insider, or our release on BusinessWire.