# Shaype

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shaype

- Industry: Financial Services
- Headquarters: Sydney, Australia
- Website: www.shaype.com
- Total disclosed funding: $38M
- Latest round: Series C (Sep 26, 2022)
- Investors on record: 1

## About

Based in Sydney, Australia, and founded in 2020 by Andrew Laycock (CEO), Shaype doing business as Hay as a Service operates as a financial service company that creates transaction accounts linked to Visa cards for their users. In September 2022, Shaype raised USD 21.40 million in Series C funding led by Regal Funds Management.

Shaype provides the customers with an account that has BSB (Bank State Branch) and account number to send and receive funds via NPP, DE, or PayID, and can also spend via a linked VISA or debit card. The company also offers other solutions such as bank transfer, dynamic authorization, card payments, wallets and tokenization, and financial crime that monitors the fraud activities and keeps the user's account secure, data and reconciliation. 

The company plans to use the September 2022 funding for hiring and international expansion purposes.

## Funding rounds

- Series C, Sep 26, 2022, $21M — Regal Funds Management
- Series B, Jul 8, 2021, $17M — Regal Funds Management

## Investors

- Regal Funds Management — Series B, Series C