Payok Holdings Pty Ltd

Nine startups that raised a combined $70 million this week

Roundup of nine startup raises totalling $70 million, including Q-CTRL's Series B, Foundry Lab's round led by Blackbird, and EnGeneIC's crowdfunded COVID-19 vaccine raise, plus a new Elenium Automation board member.

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CreditorWatch founder raises $3 million for new tech tackling SME invoice scams

Colin Porter, who founded CreditorWatch, has launched PayOK, an invoice-verification tool, backed by a $3 million oversubscribed round led by Nightingale Partners; the piece also recalls hedge fund Levitas Capital's collapse after fraud losses.

CreditorWatch founder launches new fintech PayOK to tackle invoice payment fraud

PayOK, a platform verifying bank details to stop invoice fraud, raised a $3 million Series A led by Nightingale Partners at a $10 million valuation; founder Colin Porter previously started CreditorWatch and Avenue Bank.

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PayOK - Initial Investment

Nightingale Partners' blog records its October 2020 investment, alongside Phoenix Development Fund, in PayOK, a payments-verification venture from CreditorWatch founder Colin Porter, with Lindsay Phillips joining PayOK's board.