Invoicing

Jul
24

Meet Lex Greensill and the fintech that’s Australia’s newest $2b unicorn

A supply chain financing company with its roots in regional Queensland, Greensill, has become the country’s next $1 billion-plus unicorn, thanks to a $US250 million ($336 million) capital injection from growth equity firm General Atlantic, which also creates the country’s newest rich listers. Greensill, founded in 2011 in London by Bundaberg-born farmer Lex Greensill, 41, provides businesses in industries from telecommunications to manufacturing with working capital based on their invoices, allowing them to be paid faster and fulfil the work, without shortening payment terms for buyers. The capital raise, which is the first for the previously bootstrapped company that had only taken capital from family and friends, values Greensill at […]

DETAIL
Jun
04

Andrew Mitchell accelerating the future of e-Invoicing with Link4

Andrew Mitchell has officially joined the Link4 Australia team, bringing his years of industry experience and leadership to the Link4 sales team.Mr Mitchell is one of the foremost salespeople currently working in the Australian e-Invoicing space and he could see the importance Link4 already has in streamlining the invoicing process for small and medium businesses. Mitchell will be responsible for developing new business opportunities, fostering new partnerships and creating customised solutions for Link4 users.Link4 is well established as an e-Invoicing market leader through important government and enterprise projects. Given this standing, Mr Mitchell will drive Link4’s sales forward making them ready for rapid expansion. Link4 Australia Co-Founders, Robin Sands and […]

DETAIL
Apr
19

OmniPay launches ‘collaborative’ supply chain finance platform

A Sydney-based fintech has launched a new invoice finance platform aimed at helping suppliers better manage their cash flow. OmniPay’s web-based and mobile application allows the supplier to request an early payment of an invoice, which is financed by the fintech company upon receiving approval from the business. After setting up an account, suppliers have to import invoices manually or upload them by using drag-and-drop functionality, after which the OmniPay platform automatically extracts all the relevant information presented in an invoice and summarises it in a pop-up window. Once the supplier clicks a button to request payment, the platform sends the invoice off to the business for digitally signed approval. […]

DETAIL
Apr
04

Link4 fast tracks invoice delivery to win Fintech Business Start-Up of the Year

Link4 Australia has been named Fintech Business Start-Up of the Year for its cloud eInvoicing innovation, which has so far helped 1,000 Australian businesses improve their cash flow, with invoice payments being 22 days faster than the Australian average. The awards, presented by Fintech Business with principal partner Thomson Reuters, recognise outstanding innovation and entrepreneurship in the Australian financial technology sector. Link4’s cloud service reduces suppliers’ invoicing costs by up to 44 percent by delivering their invoices directly to their customers’ accounting systems. Cash flow is increased as invoices are paid faster – an average 9.6 days before the due date for those paying early. Customers send and receive invoices […]

DETAIL
Dec
12

Invoice2go reaches $2bn milestone and launches tap & go payments

Invoice2go, the world’s number one invoicing app, is today launching a tap and go payments feature with PayPal Here, enabling Australia’s smallest businesses to be paid in person, wherever they are. The new product is unveiled as Invoice2go announces its customers are now sending $2bn worth of invoices through the app – a significant milestone for the company. Now in its 15th year, Invoice2go is one of the first and leading players in the Australian fintech scene, and is still committed to its original vision of making the lives of small business owners easier by simplifying their billing process, improving their cashflow and fueling their growth. Invoice2go’s mobile point of […]

DETAIL
Dec
12

Invoice2go reaches $2bn milestone and launches tap & go payments

Invoice2go, the world’s number one invoicing app, is today launching a tap and go payments feature with PayPal Here, enabling Australia’s smallest businesses to be paid in person, wherever they are. The new product is unveiled as Invoice2go announces its customers are now sending $2bn worth of invoices through the app – a significant milestone for the company. Now in its 15th year, Invoice2go is one of the first and leading players in the Australian fintech scene, and is still committed to its original vision of making the lives of small business owners easier by simplifying their billing process, improving their cashflow and fueling their growth. Invoice2go’s mobile point of […]

DETAIL

Sydney fintech Waddle just secured a $50 million debt funding round

Online cash flow lender Waddle has secured a $50 million debt funding facility, as it revealed it almost doubled its lending volume in the last financial year. The software is integrated into popular small business accounting packages like Xero, Intuit and MYOB to be able to look at which invoices are overdue for its customer. Based on this information, money is instantly lent out at the click of a button. The Sydney startup saw a 84% spike in lending volume for the 2017 financial year, which exceeded the initially expected mark of $30 million. Waddle co-founder Simon Creighton said the genre was previously “plagued” with complexities like factor pricing, contracts […]

DETAIL
Oct
24

Link4 unveils new PDF invoice feature

Link4 have released a new feature that allows business owners to process PDF invoices into their cloud accounting system.   Link4 was created to deliver an invoice from a supplier to a buyer, instantly. The amount of businesses using cloud accounting solutions continue to grow, but some invoices are still being sent via mail and email.   Link4 have seen this gap and are now pleased to announce a new PDF feature as a part of their eInvoicing solution for businesses.   This new feature is a collaboration between Link4 and Squirrel Street. “Both teams have been working together in order to offer the users a smooth experience and increase […]

DETAIL