From Techstars NYC to 26 corridors: why we built Storspay
The first time we tried to pay our own engineering team across three African countries, we lost a week and 6% on every cycle. That question — why does it cost 6% to move money that costs 0.01% digitally — became Storspay.
Storspay started as a question inside another company. Paying our own engineering team across three African countries cost us a week and roughly 6% on every cycle. The money was moving digitally the whole way — so why did it cost more than a hundred times what the underlying transfer costs?
The Techstars year
In 2023 StorsApp Inc. was selected for Techstars NYC, the accelerator powered by J.P. Morgan, and raised its first outside capital from Techstars, angels and ecosystem partners including Invest Ottawa. We spent that year on the plumbing: stablecoin settlement, licensed local disbursement, and the compliance stack a payments business needs before it moves a single dollar for a customer.
The pivot to payments
Our earlier business proved that the rails worked but that lending on top of them was capital-intensive. When settlement infrastructure matured, we made the decision to go all-in on the thing customers kept asking for: cross-border payroll and supplier payments, priced as one all-in number, settled the same day, with the recipient signing up for nothing.
Where we are now
Twenty-six corridors across Africa, Latin America and Asia. Funding in USD, CAD, GBP and EUR. Payments out and, since this month, payments back in. An API that platforms embed and that an AI agent can call inside human-set limits. And a single line on every page: Pay your team across the world like you pay your team across the hall.
Backed by Techstars, JPMorgan Chase, Circle, 500 Global, Invest Ottawa and the UNDP Alt Fin Lab.
See your own corridor number. What your team receives, what Storspay costs, what you keep — no sign-up.
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