News & Analysis

Beat The Q Posse Group raises $5 million and rebrands its flagship product to Hey You

- August 4, 2015 3 MIN READ

Ten months after merging, Australian startups Beat the Q and Posse have announced the closure of an oversubscribed Series A $5 million funding round led by Westpac’s $50 million venture fund Reinventure and 12-year-old venture capital firm Exto Partners. The new investment will be used to fund product development – specifically, to improve the payment process for customers when dining out or buying coffee and to introduce new features – as well as marketing and scaling merchant acquisition.

News & Analysis

Startups Posse and Beat the Q merge to catapult growth

- October 28, 2014 3 MIN READ

Posse and Beat the Q have today announced a merger that will assist in companies’ growth trajectory. Together, the startups want to create the “Uber or Airbnb of shopping”. Posse and Beat the Q both have strong traction; collectively, they will have 500,000 users, 56,000 shop relationships and handle over 400,000 transactions per month.