After notching 400 per cent revenue growth in 2021, fintech as a service (FaaS) company Send Payments has raised $5 million in an oversubscribed 'growth capital' round with Kelly Partners (ASX: KPG) and Polymorphic Capital as key investors.
Send CEO Paul Billing says around 60 per cent of the shareholder register reinvested in the fast-growing company, with other well-known supporters including Doshii founder Sean O'Meara and Athena Home Loans co-founder Michael Starkey.
Since it was founded by Paul Billing and Ian Cragg on the Gold Coast in 2019, Send has evolved from a currency transfer solutions startup to a multi-faceted payments technology provider to a growing list of clients, having signed on five new partnerships per week on average last year.
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