Stronghold, a payments infrastructure and financial infrastructure company, launched Stronghold Capital to invest $100 million in pioneering companies and funds in three main areas: overlooked and underrepresented founders and fund managers, the payments and fintech ecosystem, and the web3 and blockchain ecosystem.

The creation of an investment arm follows a flurry of momentum for Stronghold’s SHx token, now listed on KuCoin, one of the world’s top five currency exchanges. Stronghold Capital has invested in a crypto market company, Sam Bankman-Fried’s Alameda Research, by committing to a syndicated DeFi loan through Maple Finance, an institutional capital market built on the blockchain. Stronghold has also invested in Precursor Ventures, which backs promising early-stage innovators, and seeks to invest in companies whose founders identify as women, LGBTQ+ or Black, Indigenous, People of Color (BIPOC).

Stronghold’s business grew fivefold in most metrics last year, while fulfilling the company’s mission to provide fast, secure and accessible financial services to everyone. But these industries are multi-layered and complex. The challenges of payments and financial services will require the resolution of many innovative companies. Stronghold Capital will drive meaningful change through investments in companies with business models that will generate attractive returns while expanding Stronghold’s payment ecosystem’s access to the global financial ecosystem.

Stronghold CEO and co-founder Tammy Camp will act as fund manager for Stronghold Capital. She has advanced fintech and blockchain growth throughout her previous roles as a Partner at 500 Startups, Head of Growth at Stellar Development Foundation, and Advisor at NFX Capital.

“Tammy understands the potential of technology, identifies emerging talent, cares about societal impact and can turn big ideas into reality. We are thrilled to have him among this premier group of decentralized finance investors,” said Sidney Powell, CEO and co-founder of Maple Finance.

Stronghold’s merchant rewards program caught the attention of crypto communities last fall for its actual application of the Stellar-based SHx token to payment processing fees. Prior to KuCoin’s listing, three other major global digital currency exchanges – ranked 20, 15 and 10 – listed SHx in just two months.

Stronghold, on its own growth journey, has raised capital from accomplished fintech founders, leading companies and prominent industry advisors. Investors who have backed Stronghold’s rapid growth include: Ron Suber, The Bancorp co-founders Frank Mastrangelo and former CEO Betsy Cohen, Randy Reddig of Square’s founding team, Rob Stavis of Bessemer Venture Partners, The Marqeta Founder and CEO Jason Gardener, Former Oppenheimer CEO, Chairman and Chairman Arthur Steinmetz, NerdWallet Founder Jake Gibson, SoFi Co-Founder Dan Macklin and Xpring now known as RippleX.

“Stronghold Capital will create opportunities to develop new products and business models that improve financial infrastructure for everyone,” Camp said. “Identifying and investing in emerging talent, especially underrepresented and undervalued founders, will benefit the developer community, the fintech industry, and even society as a whole.”

About Stronghold

Stronghold is a leading financial infrastructure company that provides fast, secure and accessible financial services through a simple API. Stronghold works with businesses to make payments faster and easier while maintaining regulatory compliance and interoperability between payment systems. Stronghold launched the highly successful digital currency SHx in 2018 to provide real-time settlement, fee reduction for professional clients, rewards and cash advances for merchants. SHx currently has a market cap of over $1.5 billion. To learn more, visit

Show source version on

CONTACT: Lena Tichy

[email protected]



SOURCE: Fortress

Copyright BusinessWire 2022.

PUBLISHED: 02/16/2022 05:00 AM/DISC: 02/16/2022 05:02 AM

Copyright BusinessWire 2022.