Australian FinTech company profile #146 – ChangeGPS
1. Company Name: ChangeGPS
2. Website: www.changegps.com.au
3.Key Staff & Titles: Timothy Munro, Founder and David Boyar CEO
4. Location(s): Brisbane, Melbourne & Sydney, Australia
5. In one sentence, what does your fintech do?: ChangeGPS gives accountants confidence to systemise tax advise and collect payments.
6. How / why did you start your fintech company?: Accountants are the front line economic workers for small business and don’t get the recognition they deserve. Our tools help clients see their value (and get paid for it).
7. What is the best thing your company has achieved or learnt along the way (this can include awards, capital raising etc)?:
We won the Xero Practice App of the Year award 2021 for our work during Covid. Our FREE Business Continuity Plan and JobKeeper System was downloaded 13,000 times by accountants and we estimate helped advise 250,000-500,000 small businesses.
8. What’s some advice you’d give to an aspiring start-up?: Go deep on the problem you solve and how important it is for your buyers. A buyers opinion is the only one that matters.
9. What’s next for your company? And are you looking to expand overseas or stay focussed on Australia?:
Next up: We will make accountants front and centre at defining the next great Australian dream – generational wealth transfer from the boomers down.
10. What other fintechs or companies do you admire?:
BGL Corporate Solutions – 100% privately owned, 170 staff in suburban Melbourne, 32 years in business and still the 7th most innovative company according to AFR BOSS
Xero – The single biggest change to bring accountants and small business closer came from Xero.
11. What’s the most interesting or funniest moment that’s happened in your company’s lifetime?:
When JobKeeper launched we were running supplies to the front line troops, the accountants. Working round the clock I took a call at 11.00 from a very old school accountant: “David, thank you for everything ChangeGPS has done to help us, we don’t use any technology but after 3 days of research have just made our first implementation. We sent so many JobKeeper update emails that we crashed our 15 year old server, so we use Mailchimp now.”
