Strike aims to raise €6.5m to go big with contactless payments

Strike, a start-up that has developed a contact-free solution for tips and charitable donations, has raised €625,000 and intends to seek a further €6.5 million in investment before the end of 2021.

The company is planning to raise €1.5 million in the summer as part of an interim Series A round and secure an additional €5 million later in the year as it looks to expand quickly into other markets.

Strike, the brainchild of Oli Cavanagh and Charles Dowd, went live with food delivery chain Camile Thai as its first partner earlier this week. It is in talks with businesses across a range of sectors that are interested in rolling out the technology.

Strike has come up with patent-pending technology that seeks to resolve issues that have arisen from the demise of cash, such as the inability to tip workers or make donations to charities.

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Source: Strike aims to raise €6.5m to go big with contactless payments