Striga Technology OÜ

Striga Technology OÜ, based in Estonia, develops a comprehensive payments infrastructure for cryptocurrencies, enabling digital asset custody, trading, and banking solutions across various markets. Striga Technology OÜ provides an innovative payments infrastructure that facilitates cryptocurrency transactions. The company was founded in Tallinn, Estonia, and has raised a total of USD 0. 038 mn.

In November 2018, Striga secured funding from investors Brinc and Artesian, marking its initial investment round. The company does not have any known subsidiaries or parent companies. Striga offers a comprehensive payments infrastructure for Bitcoin and stablecoins, featuring regulated APIs that facilitate digital asset custody, trading, banking, and card issuing across over 30 countries. The core product offerings include individual named virtual IBANs and dedicated crypto wallets for users, which are accessible through a single API.

Users can also issue virtual and physical payment cards linked to digital currencies, providing a seamless experience for crypto-fiat integration. Additional services encompass the management of sending and receiving both crypto and fiat, along with the ability to swap between these asset types using a unified API. Striga primarily serves fintech companies, neobanks, and developers looking to enhance their payment solutions with compliant, user-friendly technology across European, Asian, and North American markets. Striga generates revenue through transaction fees associated with its suite of services, including card issuance, wallet management, and crypto trading.

Clients, which include fintech startups and established enterprises, engage with Striga through a transactional model centered around the issuance of virtual IBANs and payment cards. The structure typically involves a setup fee for integration, followed by ongoing transaction fees based on the volume of transactions processed. Flagship products such as the virtual IBANs and customizable payment cards are essential to Striga’s offering and drive a majority of its revenue. Additionally, the company maintains transparent pricing strategies to accommodate both startups and larger organizations, ensuring a scalable solution that meets diverse needs in the evolving digital payments landscape.

Striga Technology OÜ plans to leverage its recent funding of USD 37,500 raised in November 2018 to enhance its product offerings and expand its market reach. The company aims to introduce new products designed to improve user experience in digital asset transactions. Additionally, Striga seeks to enter new geographic markets, particularly in regions with growing fintech demand, by the end of 2023. The strategic use of its funding will support the development and launch of these initiatives, driving future growth.