Buy now, pay later apps turn focus to business owners
Australian FinTech company profile #4 – Gobbill
1. Company Name: Gobbill 2. Website: www.Gobbill.com 3. Key Staff: Shendon Ewans (CEO & Co-founder), Quentin Marsh (CTO & Co-founder) 4. Location(s): Melbourne based, Australian company. 5. In one sentence, what does your fintech do?: Automate bill payments by extracting invoice details, checking for fraud and paying using card or bank accounts. 6. How / why did you start your fintech company?: The co-founders were in a pub talking about the idea after missing some bills. We wanted to make our life admin easier, then Gobbill was used by our families and friends. It grew from there. 7. What the best thing your company has achieved or learnt along the way (this can […]
Is this the Afterpay of small business?
Cloudfloat is one of a number of companies looking to bring buy now pay later to businesses. When Afterpay was founded in 2015, few could have predicted the impact that it and other buy now pay later providers would have on the consumer payment sector. From 400,000 users in 2016, the sector now boasts over 2 million customers and over 2 million transactions per month. A similar revolution may soon be on the horizon for small businesses, with startups such as Cloudfloat looking to bring the buy now pay later model to business invoicing. Founded in August 2018 by Aleem Habibullah, Cloudfloat is in early access, with plans to launch […]
Afterpay inspires US rival Sezzle to list on ASX
US Afterpay competitor Sezzle is set to become the latest buy now, pay later, fintech to list on the ASX, with the Minneapolis-based start-up inspired by the success of its local rivals. Having already raised $US5.6 million ($7.9 million) in a pre-IPO round, led by Chicago-based institutional investor Continental Investors, Sezzle intends to list within the next few months and representatives were travelling around Australia last week meeting with local investors. Speaking to The Australian Financial Review, co-founder Charlie Youakim said Sezzle was modelled on local company Afterpay, with the co-founders wanting to bring the buy now, pay later model to the US. To read more, please click on the link below….Source: […]
Square launches new Square Online Store to boost eCommerce offering for Australian businesses
Today, payments provider Square, Inc. (NYSE: SQ) launched the new Square Online Store, a product that will give Australian small business owners the tools they need to start or grow their eCommerce business instantly. Square’s new offering is also the first product to be fully integrated with Weebly, a powerful platform for building a website or online store, since the company was acquired by Square last year. Square Online Store enables business owners to easily create a professional website that fits their brand to help grow their operations in person and online. Additionally, it enables businesses to seamlessly sync their Square data, like catalog items and inventory, with their website. […]
Why parents should start teaching their kids about money at an early age
How did you learn about money when you were a kid? Maybe your parents handed you a few dollars to swing by the grocery store for milk. After getting through the checkout line and carefully counting out the change, perhaps you stuffed the rest back into your pocket and headed back home. Today, teaching kids how to manage money is different. As technology around payments and money management has evolved, transactions are often no longer tangible. Cash is becoming less common and learning to become financially savvy is beginning to take a much different shape than in the past. From cash to V-bucks and in-app purchases This emergence of financial […]
Are we looking at a cashless future?
When was the last time you paid for something with a fat wad of notes or a handful of shrapnel? Even if you wanted to, you may not have had the option – according to the Commonwealth Bank, the number of Aussies making cash payments is shrinking, while the number of businesses going completely cashless is growing. Cashless payments are becoming more and more popular around Australia, with CBA finding that a contactless or “tap” payment is now the preferred payment method for more than 90 per cent of purchases. CBA also found that between January 2017 and January 2019, contactless payment transactions have grown by 140 per cent. A […]
Space tickets, gemstones and Gmail: ‘Biggest business you’ve never heard of’ behind $5.6 billion in deals
It’s used to buy and sell everything that’s “complex and expensive”, from boats and planes to space station tickets, gemstones and exotic animals. But despite processing more than $5.6 billion in deals, including the sale of some of the internet’s biggest domain names including Twitter, Gmail and Instagram, it’s the “biggest fintech you’ve never heard of”. Matt Barrie reckons they “should have added a few zeros” to the $10 million sale price of little-known US website Escrow.com when he snapped it up three years ago. Escrow.com, as the name suggests, provides online escrow services for e-commerce platforms by holding payment between buyer and seller until a transaction is completed. Its […]
