Sydney fintech BizPay sheds staff as it looks to raise $20 million
BizPay is cutting about 30% of its staff amid market uncertainty while a $20 million Series C raise, pursued via convertible note since March, remains underway.
Investor
Sydney, NSW
Every published round Bennelong Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Bennelong Capital has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Bennelong Capital, as distinct from the investments it has made.
Companies Bennelong Capital has backed that another company then bought. An exit for the holding, not a deal Bennelong Capital did.
Stories naming Bennelong Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
BizPay is cutting about 30% of its staff amid market uncertainty while a $20 million Series C raise, pursued via convertible note since March, remains underway.
BizPay has opened a new funding round, aiming to secure over $20 million via convertible notes; it has raised over $45 million to date, with revenue up more than tenfold.