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.
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Companies R2 Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
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| No portfolio companies recorded yet. | ||||
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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.