SteadiPay
Mobile app to help you better manage your credit cards.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
$750k | Seed | ||
| Total Funding | 000k | ||
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SteadiPay is a financial technology company established in 2017 by founder Anthony Strike, targeting the cash management challenges faced by small and medium-sized businesses (SMBs) in the United States. The company operates from Los Angeles, California, and was created to address the inefficiencies of manual financial processes and outdated technologies that consume significant time and resources for business owners.
The core of SteadiPay's offering is a bank-agnostic platform that centralizes cash reporting and treasury management functionalities. This platform enables SMBs to connect their various business bank and credit card accounts to optimize financial operations. One of the initial products, the Credit Optimiser, helps business owners automate the repayment of their credit card balances. It tracks spending on business credit cards and automatically pays off the outstanding amount from a linked bank account. This process allows businesses to maximize credit card rewards and perks without the risk of accumulating high-interest debt or manually managing multiple payment deadlines.
The business model is rooted in providing a software-as-a-service (SaaS) platform to a historically underbanked SMB market. By automating cash and credit allocation, SteadiPay aims to improve cash flow, increase earnings on idle cash, and support overall business growth. The company has undergone several funding rounds, including an angel round in July 2018 with investors Nex Cubed and Mana Ventures, and a pre-seed round of $750,000 in December 2020, with participation from Mucker Capital, nbkc bank, and others. However, some sources indicated the company was out of business as of April 2024.
Keywords: cash management, small business finance, SMB financial tools, fintech, treasury management, credit card optimization, automated payments, bank-agnostic platform, SaaS, business cash flow, financial automation, Anthony Strike, Mucker Capital, Nex Cubed, business financial services, accounts payable automation, SMB banking, corporate card management, expense management, financial operations