Startup · $13m raised
Sydney, NSW
Every investor coverage indicates participated in a round Beforepay raised.
| Investor | Rounds | Invested |
|---|---|---|
| Alium Capital | Unnamed stage | - |
| Fred Schebesta | Series A | - |
| James Spenceley | Series A | - |
Companies Beforepay acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Beforepay. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
ASX-listed lender Beforepay reports passing two million registered users as it expands from Pay Advance into personal loans, with CEO Jamie Twiss calling the milestone a sign of momentum for broader ambitions.
Insurance broking platform UpCover secured a $19 million Series A — $11 million equity led by RealVC plus $8 million debt from Marshall Investments — with Antler Elevate, Betterlabs, Gandel Invest and individual investors taking part.
Marketing partnerships marketplace Partnar has secured a $200,000 seed investment from Melbourne venture firm Skalata Ventures, which sees growing value in brand partnerships as third-party tracking fades.
Beforepay's shares plunged 44% in its ASX debut, erasing the $35 million IPO raise and much of its $158.4 million listing value; the article recalls earlier raises backed by James Spenceley and Alium Capital.
Pay-advance firm Beforepay has named ex-Westpac chief Brian Hartzer as its chairman, and the piece recalls the company's recent $45 million debt facility arranged with Longreach Credit Investors.
Beforepay names Jamie Twiss, formerly of Westpac and First State Investments, as CEO, with founder Tarek Ayoub staying on in a strategic role as the company eyes a likely IPO.
Cut Through Venture's debut quarterly newsletter rounds up Q1 2021 raises across Australian and New Zealand startups, highlighting crowdfunding, fintech dominance, active investors, and two newly launched startups currently seeking backers.
BeforePay has raised $9 million ahead of a planned IPO, while Affirm's Nasdaq debut topped US$22 billion; PayRight's ASX listing and Limepay's December raise point to ongoing buy-now-pay-later momentum.
Also Startup Daily·Cut Through Venture·Australian FinTech·SmartCompany·Startup Daily
Sydney wage-advance app Beforepay has raised $4 million in a round led by James Spenceley, following rapid user growth and a rebrand from its original name, Cheq.
Also SmartCompany·Australian FinTech·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Crikey·Startup Daily