Astra, Inc. Asset Profile

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Year established

2016

Location

San Francisco CA US

Primary Industry

Software

About

Based in California, US, and founded in 2016 by CEO Gil Akos, COO Sam Morgan, and CTO Zach Nolan, Astra, Inc., a.k.a. Astra is a financial technology company that provides a money movement platform for financial institutions, fintech startups, and enterprises, enabling them to automate bank transfers between their customers’ networks of accounts using rules-based routines. In October 2022, Astra, Inc. raised USD 30 million in venture debt funding from new investor CoVenture. The round was part of a larger USD 40 million debt and equity funding. The company provides an automated money movement platform that allows developers to seamlessly add faster settlement and financial automation to their existing products. The platform also offers risk mitigation and anti-fraud measures to enhance the level of financial functionality. Astra’s proprietary vertically integrated API allows developers to easily embed financial automation within their existing products to offer a wide range of solutions, such as instant debit card transfers, ledger automation, peer-to-peer transfers, fund new customer accounts, instant direct deposit switching, automated balance refills, and more. Astra plans to use its proceeds from October 2022 funding to support the growth of its existing payment products and expand its team across engineering and compliance resources.

Current Investors

AllegisCyber Capital, Slow Ventures, FPV Ventures

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Primary Industry

Software

Sub Industries

e-Financial, Application Integration Software, Accounting/Finance Software

Website

www.astra.finance

Verticals

FinTech, FinTech, FinTech

Company Stage

Series A

Total Amount Raised

Subscriber access only

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