Startup · $902m raised
Wollongong, NSW
Every investor coverage indicates participated in a round Scalapay raised.
| Investor | Rounds | Invested |
|---|---|---|
| Deimos | Series B | - |
| Fasanara Capital | Series B | - |
| Gangwal | Series B | - |
| Moore Capital | Series B | - |
| Tencent | Series B | - |
| Tiger Global | Series B · Series A | - |
| Willoughby Capital | Series B | - |
Companies Scalapay acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Simone Mancini | CEO · Founder | Startup Daily, SmartCompany |
| Johnny Mitrevski | Chief Technical Officer · Founder | Startup Daily (6 Sep 2023), Australian FinTech, SmartCompany (15 Dec 2022), Startup Daily (24 Feb 2022), SmartCompany (24 Feb 2022) |
| Amit Jhawar | Director | Startup Daily |
Stories naming Scalapay. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Home insurer Honey Insurance has raised a $108 million Series A led by US firm Gallatin Point Capital, following a seed round backed by RACQ, AGL, Metricon, Mirvac and PEXA.
A year-end SmartCompany roundup counting down 2023's ten largest Australian startup raises, headed by Employment Hero's $263m Series F, with investor details and commentary on fewer mega-rounds and continued under-representation of women co-founders.
Wollongong BNPL unicorn Scalapay has created a founders' scholarship, granting $10,000 plus an incubator residency; first recipient is Abbl, a brewery software venture started by the couple behind Five Barrel Brewing.
KPMG data shows Australian startup funding hit a record in 2022 despite a global downturn, while accountancy fintech Hnry closed a $35 million Series B led by AirTree to double headcount and expand overseas.
Techboard's September 2022 roundup reports Australian raises led by Morse Micro's $140m Series B, several acquisitions including ResApp Health to Pfizer, fund closes by Telstra Ventures, OIF and Main Sequence, and open raises.
US giant KKR joined navigation-technology maker Advanced Navigation's $108 million Series B, alongside returning local backers; the company also bought ANU spin-out Vai Photonics, and two KKR staff will join its board.
Also @AuManufacturing·SmartCompany·Startup Daily·Techboard·SmartCompany·Forbes Australia
SmartCompany summarises Cut Through Venture's report finding Australian startups closed 71 deals worth $471 million in September 2022, the strongest month since March, led by hardware, while revisiting large September 2021 raises.
Blackbird Ventures plans a ten-figure 2022 raise split across funds for Australian and Kiwi startups plus top-ups to winners. February 2022 was near-record for Australian startup funding, including Scalapay's $692 million Series B.
Ignition Lane's weekly roundup covers Linktree's unicorn raise, several Australian funding rounds, Tiger and Insight's new mega-funds, falling SaaS valuations, the ACCC's action against Meta, and new accelerator and product launches.
Techboard's monthly roundup reports February 2022 raises including Scalapay's A$692m Series B, Employment Hero's $181m and Karbon's $93m, My Rewards' ASX listing, and investor deal notes on OwnHome, Kepler Analytics and Blakthumb.
Ignition Lane's weekly technology roundup: climate-tech funding activity, Grok's bid for AGL, King River Capital's digital asset fund, a batch of Australian startup raises, Maropost acquisitions, GigSuper's collapse and a National AI Centre appointment.
Scalapay, an Australian-founded buy-now-pay-later firm operating in Europe, has raised a combined debt and equity Series B co-led by Tencent and Willoughby Capital, valuing it at $1.9 billion.
Wollongong-born buy-now-pay-later firm Scalapay has reached unicorn valuation after closing a large Series B jointly led by Tencent and Willoughby Capital, following its September 2021 Series A, and plans growth via acquisitions.
Weekly roundup of seven startup raises: OCR Labs' Series B, Zoomo's Series B extension, plus new funding for Lumi, Upflowy, Linkby, Fortiro and Licorice, alongside Scalapay's unicorn round and Arkon Energy's pre-seed.
Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·Startup Daily·Forbes Australia·Australian FinTech
Rokt's Series E tops a week of Australian raises including Dovetail, Inventia, DiviPay, Atomi, 6clicks, Replica Studios and ProForm Foods, with SimPro's recent raise noted.
Tiger Global led a US$16.5m secondary funding round in construction software firm Assignar, co-led by SecondQuarter Ventures, with Fifth Wall and HighSage taking part; past backers and a $20m Series B are recalled.