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Startups Strikepay and Gratsi Merge


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CategoryBusiness
DateThursday, June 17, 2021
AuthorNewsDesk@IrishDev.com

Irish Fintech Strikepay Merges with Gratsi

Startups Strikepay and Gratsi Merge

Fintech Startups Solving the Same Problem Merge to Accelerate Tipping and Donation Solution in Cashless Society

 

Dublin startup Strikepay, the solution that lets consumers 'tip' or donate money with their phones, has announced that it is to merge with Belfast competitor Gratsi.

 

Both startups were established late last year as the COVID-19 pandemic has driven the world ever more towards a cashless society. Working with Strikepay founders, Oli Cavanagh and Charles Dowd, the merger will see Gratsi founder, Jack Spargo, joining the Strikepay team as Vice President of Engineering, bringing his complementary technology solution to the Strikepay's cashless tipping and payment solution.

 

Gratsi has been growing its customer base in the hospitality and beauty industries, who will now be transitioned to Strikepay whose own customers are in industries such as retail and tradespeople. The company says it is also supporting a significant number of large charities, helping them to increase cashless donations from people in a much easier way, with a simple tap of their phone.

 

 

According to Oli Cavanagh, consumers want to tip and to donate to charities but often cannot because so few now carry cash. Strikepay fixes this problem for consumers enabling cashless and contactless digital payment solutions for tipping, payments and donations without requiring an App or a payment terminal. 

Cananagh said; Consumer behaviour has changed dramatically following the shift to a cashless society over the past year.

Gratsi were focused on solving the same problems as we were at Strikepay and together we are well positioned to run quickly with our combined solution for both businesses and for consumers. Our unique proposition will allow us to tap into new opportunities that are opening as a result of the rapid shift to a cash free world."

He added; "We are delighted to be making this announcement with Gratsi today and that they are as excited as we are about joining the Strikepay team to help drive our product development and innovation. The technology they have built is incredible, and they had begun to carve out a great business in the UK so by joining forces we will be able to accelerate our expansion plans beyond Ireland."

 

Gratsi founder Jack Spargo said; “Gratsi and Strikepay share a similar mission and when the opportunity to join forces was presented we were delighted to take it. Working together we are stronger and will be able to double down on our efforts to solve this problem positioning ourselves as the leading cashless tipping and giving solution in Europe. The reopening of society over recent weeks has demonstrated the need for this solution as well as the potential for growth. We are really excited about the opportunities ahead as part of the Strikepay team.”

 

 

 

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Corporate Information

Visit: www.strikepay.co

 

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