Capital Raising

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Flash Payments

Improving digital payments and international foreign exchange transactions

INDUSTRY

Financial Services

RAISING

A$5M

OFFER PRICE

A$13.75

MINIMUM INVESTMENT

A$100,000

Investment Highlights


Australian digital payment and international FX service for larger enterprises and individuals

$4B+ payments volume (+1,300% growth last 12 months) and 650,000+ customers (+63% growth lasts 12 months)

FY23 revenue $3.15M (+48% growth) and 11% profit margin (FY22 35%, FY21 0%)

European expansion in motion and accelerating for growth phase with revenue forecasts FY25 $6.25M and FY26 $10.62M

Company Overview


Fully automated

Advanced technology payments infrastructure (AI/ML assisted)

Fast organic growth

Expanding business model, largely self-funded

ASIC licenced

Tier 2 non-ADI payments processing entity with own

Experienced team & advisory board

Deep fintech and payments industry experience

Improving digital, cross-border payments with end-to-end capabilities

Flash Payments is a payments technology company offering solutions to improve digital cross-border and local payments services for everyone – from individuals to global enterprises. Our mission is to be a leader in digital payments, using technology to automate and optimize payment services in Australia, and beyond.

Flash Payments has built a critical payments infrastructure that supports everything from digital cross-border payments to end-to-end local payment and account solutions.

Using the power of blockchain with traditional FX tech to reduce friction

Focused on efficiency, access and affordability. As the first company in Australia to trailblaze with RippleNet in 2017, we recognize the power of blockchain technology to facilitate faster, cheaper, and more transparent cross-border payments.

We are utilizing automated, predictive and blockchain technologies to facilitate low-cost, near-real-time, transparent payments. We are finding opportunities to use artificial intelligence (AI) and machine learning to accelerate and bolster our fraud monitoring and AML to deliver value through higher approval rates and fewer failed payments.

Previous Funding

June 2019

A$4.42 per share @ EV of A$7.5M

April 2021

A$5.68 per share @ EV of A$12M

April 2022

$8.65 per share @ EV of A$22M

April 2023

$13.75 per share @ EV of A$35M

Total investment A$3.2M to date with the majority from founders

Key Investors

Tarasp Investments Pty Ltd 54.42% (COO, co-founder)

Analytech Pty Ltd 24.03% (ex-CTO, co-founder)

JR Nirvana Pty Ltd 15.31% (related to Tarasp Investment Pty Ltd)

Vasyl Boroviak 1.90% (CTO, director)

Products & Services


FlashFX Personal & Business

Enables low-cost, high-speed international payments for Australian individuals and SMEs.

Using both traditional and blockchain-enabled (RippleNet) liquidity routes to reduce reliance on banking networks, increasing speeds and reducing currency conversion costs.

Flash delivers superior exchange rates to the major Australian banks and customers don’t pay transfer fees.

FlashConnect

Digital payment solution for enterprises mitigates the challenges global businesses face in launching new payment services in Australia without access to traditional bank accounts.

By combining international and domestic payments with local account capabilities in a single API, FlashConnect simplifies how businesses can get to market and scale quickly in Australia.

FlashFX Manage

Australian private client advisors can access the foreign exchange platform for cross-border payments on for their HNW clients at institutional rates.

Built on the same payment technology powering their Personal and Business solution, their HNW clients benefit from near real-time funds delivery, better exchange rates and funds tracking.

Transaction Overview


Raising A$5M capital to support expansion

40%

Regulatory Capital & EU/UK Licensing

22%

Staff Expansion

30%

Sales & Marketing

8%

Working Capital

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