Melbourne startup PromisePay secures $14 million in funding as Australian investment sector reaches a “boiling point”

  |   Written By by Titan Vine ON

[1] Melbourne-based platform payments solution PromisePay has secured a $14 million Series A round spearheaded by new investor Carsales.

[2] Other existing investors include rampersand, Reinventure, Cultivation Capital, 99designs co-founder Mark Harbottle and former ex-CEO at Hitwise Andrew Walsh.

[3] PromisePay co-founder and chief executive Simon Lee says it’s great to see that Australia has transformed the startup ecosystem.

[Source] Australian Information Technology News – Melbourne startup PromisePay secures $14 million in funding as Australian investment sector reaches a “boiling point”