Stratos raises $5.8M for its Bluetooth-powered payments platform

We all have a jumble of credit cards, loyalty cards, and rewards cards in our wallets. And when we walk up to a shop counter, we have to shuffle the deck to find the right one, while a bored-looking cashier or barista looks on. They see it 200 times a day.

Now Ann Arbor, Michigan-based Stratos is apparently trying to put all of those cards on a single Bluetooth-enabled card, and then put a layer of intelligence around it. The project sounds quite a bit like Coin.

Stratos today announced it has raised a $5.8 million funding round. The funding comes from Toba Capital Partners, Western Technology Investment, Resonant Venture Partners, and Hyde Park Venture Partners.

“We are in production to deliver a groundbreaking card that will simplify consumers’ lives,” said Stratos chief Thiago Olson in a statement. “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.”

Stratos was founded in 2012, but its payments service is not yet available to the public.