“We are in production to deliver a groundbreaking card that will simplify consumers’ lives,” said Stratos CEO Thiago Olson. “This funding has allowed us to accelerate and scale our recruiting, manufacturing and customer support. Our vision is to build long-term relationships with our card members by continuously delivering innovative payment solutions that will always be convenient, reliable and secure.”
The success of today’s Stratos funding is important as it means no upfront investment for card users. Funding has come from Toba Capital Partners, Western Technology Investment, Resonant Venture Partners and Hyde Park Venture Partners.
“Thiago is one of those rare founders who has the unique balance of both deep technical prowess and consumer insight,” said Jason Townsend, managing director of Resonant Venture Partners. “Stratos has built a scalable organization that will bring transformative products to the payments, access and ID sectors.
From the outset Thiago and team have tackled the hardest technology challenges in the industry. They have flown under the radar quietly building in-house technology and strategic partnerships that place them in a great position to lead this market.”
Stratos was founded by Olson, Chris Bartenstein and Henry Balanon. Olson, a standout in the technology and mobile space, serves as the CEO and oversees the company’s strategic direction. Bartenstein, COO, manages day-to-day operations and the global supply chain, while Balanon, a successful technology entrepreneur and Stratos CTO, oversees product development, engineering and quality assurance.
Stratos leadership also includes:
“Consumers want safer and more convenient ways to pay in all channels,” said Olson. “We hope to accelerate consumer adoption for mobile payments by making our platform frictionless with respect to merchant infrastructure. We are excited to be collaborating with the eco-system of technology companies, financial institutions, networks and merchants who share our vision.”