Bookipi partners with Fat Zebra to launch invoice payments platform
Australian fintech Bookipi is set to launch its new invoice payments platform, BookiPay, in Australia thanks to its new partnership with fellow Australian fintech, Fat Zebra.
Bookipi is a suite of business products targeting small businesses and freelancers that recently raised a $1.6M seed investment round in October 2020.
Through the partnership, Bookipi will use Fat Zebra’s payment infrastructure to support its new invoice payments platform to tackle the late invoice payment problems killing Australian small businesses.
Bookipi CEO Tim Lee said about the partnership, “We look forward to partnering with Fat Zebra to launch our invoice payments platform. Australian small businesses rely on their invoices getting paid and getting paid on time to run their businesses. Our invoice payments software BookiPay will get our customers paid faster by making it easier for invoice recipients to pay their invoices and for business owners to track their invoice payments.”
Half of participating Australian businesses reported that over 40% of their invoices are paid late in the Australian Government’s Payment Times Inquiry.
According to a Prushka report, almost half of small and medium businesses reported that they needed to ask clients more than twice to get their invoices paid.
Fat Zebra is a global, scalable payments platform that focuses on giving its partners local market access through a single global payments network.
Fat Zebra CEO Pred Dragila said about the partnership, “At Fat Zebra, we provide our partners with a scalable global payment solution where they can access multiple local markets through the one payment network. We’re proud to be partnering with Bookipi to help small businesses eliminate barriers slowing their cash flow. We want to provide our customers with a solution that gives them speed to market and grow their local and international footprint.”