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A Brief History of BizPay & How We Are Helping Businesses Thrive

Who’s BizPay? BizPay is one of the leading buy now pay later financial services for business to business transactions in Australia. Here’s everything you need to know about BizPay, formerly HirePay, as the flexible invoice payment solution of the future. 

BizPay In A Nutshell...

BizPay is a seamless technology platform that solves cash flow challenges associated with paying business invoices. The company was founded to help businesses grow better by enabling them to use top suppliers and professional service providers. Frictionless, transparent, and affordable, innovative payment products allow businesses: to split bills into 4 easy instalments and/or receive full invoice payment in 24 hours to grow their businesses without being constrained by cash flow

How BizPay Started

BizPay wasn’t always BizPay. In a short time, we’ve rapidly evolved to improve the cash flow needs of small Australian businesses, by leveraging our top-tier AI and world-class tech team. 

We started life in late 2019 under the name HirePay, a BNPL product exclusively providing instant finance for recruitment invoices. We soon found out HirePay was instant relief for SMBs being charged recruitment fees once candidates were successfully placed, without having to recoup the recruitment cost in a single month. 

HirePay was a revolutionary BNPL financial service that enabled the hirer to spread the recruiter’s fee over 4 monthly instalments - so that the cost impact was amortised over a longer period of time. This kind of invoice financing worked without restricting business working capital in the short term and ensuring they had the best candidates placed for the role. 

In December 2020, the scope for growth beyond recruitment was evident and we soon rebranded as BizPay, to be better perceived as a BNPL for all business to business invoices, not just recruitment. 

Since then, BizPay has seen rapid growth in 2021 from 8 staff in January to almost 80 by year-end in Australia, and almost 100 globally across 7 countries and has been featured on Australian Financial Review, Forbes and Yahoo news, and is currently rated 4.5/5 stars on Google by Australian businesses.

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What Do We Stand For?

We are courageous innovators, with values that keep us on track to succeed for Australian small businesses, sole traders, suppliers, contractors and freelancers. 

Stronger together: We’re only as good as our last idea. We advocate bold moves and bolder thinking, we listen to each other and we speak up when we’re unsure. When we own the skills we’re great at, the team comes together stronger. 

Incredibly simple: Whether it’s a successful sign-up to onboarding suppliers, if it’s not easy it’s not a BizPay product. Our MO is to skip the confusion and propel our customers to get started seamlessly and keep it going.

Inventive: We were born from the desire to alleviate the cashflow struggles of SMBs, with the timely innovation of Buy Now Pay Later, and this is just the beginning.

Courage to act: We’re not afraid to back unconventional ideas, and inspire bold action from employees and customers. We use our skills to solve problems quickly and accurately.

Enabling growth: Our flexible products anticipate our customers’ needs, while we continue to look for avenues to add ease, simplicity and cash flow to their businesses. 

As flag bearers for SMBs, we believe all Australian businesses deserve unbridled growth and accomplishment. Our can-do attitude aims to empower the ambitious, creative community of Australia’s business owners. Our mission is to empower Australian small businesses to realise their full potential.

What Do We Stand For?

BizPay’s leadership team comprises experienced individuals who are passionate about helping companies grow with our industry-leading B2B finance platform. The founding team has revolutionised cash flow management by making it possible for SMEs to receive full invoice payment within 24 hours whilst their clients pay in 4 easy monthly instalments.

BizPay’s team are at the forefront of fintech servicing, allowing Australian businesses an effective and alternative small business loan. From seamless integration support and affordable fees, BizPay’s frictionless payment solution is generating success stories that fuel our passion for business growth. Meet the founding team, here.

 

BizPay

Written by BizPay

BizPay is a seamless technology platform that solves cash flow challenges associated with paying business invoices. The company was founded to help businesses grow better by enabling them to use top suppliers and professional service providers. Frictionless, transparent and affordable, innovative payment products allow businesses: to split bills into 4 easy instalments and/or receive full invoice payment in 24 hours to grow their businesses without being constrained by cash flow.