After hinting at a big capital raise last December, Melbourne payments startup PromisePay has raised $14 million in a Series A round led by Carsales.
The days of tradies waiting for weeks after a job to get paid may soon be over, with tradie marketplace hipages partnering with fintech startup PromisePay to integrate a payment system into its app and launch in-app payments.
Online marketplaces allow you to hire almost anything these days, from tradies to event planners and even pets. Yes, there’s an app that let’s you borrow a dog for a day. But who are these tradies, planners and dogs? How can you be guaranteed that the tradie is qualified, the planner is tasteful and the dog doesn’t have rabies? When it comes to money you don’t want to be offloading to anyone and that’s where managed payment systems come in.
Spotify acquires Seed Scientific; PromisePay raises $2 million; Postmates closes $80 million Series D round
It was another busy week for startups around the world, with companies including Spotify and Verizon making acquisitions, and Envoy, Curbside, and Postmates closing investment rounds. Australian startups PromisePay and Beanhunter also raised funds.