Payments app startup QPay raises $570k to draw millennial consumers away from the banks

By James Harkness · 29 March 2018 · Funding | Investment

Payments app startup QPay raises $570k to draw millennial consumers away from the banks

Millennials on the move: A new payments app is shaking up the banking scene

A startup is about to disrupt the way uni students manage their finances, but will it be enough to lure them away from traditional banks? Find out what's behind the $570k investment and the innovative product that's got everyone talking.

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Summary

The brains behind QPay, a payments app for uni students, have secured $570,000 in funding to challenge banks for the millennial market. Provided to QPay by high-profile investors including Sydney Angels and the Sydney Angels Sidecar Fund 2, the funding will enable the startup to release a student-targeted QPay MasterCard. According to QPay CTO and […]

Tags: Bank, Banking, Finance, Investment, Investor, MasterCard, millennial, payments app