Investment notes: YouPay (pre-seed)

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Llew Jury
Llew Jury
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Sprint is excited to announce that we have led YouPay’s pre-seed round.

YouPay is a Brisbane-based alternative payments business for eCommerce merchants.

YouPay is the only payment option that separates the recipient from the payer, securely and privately. YouPay is tackling the enormous multi-billion dollar problem of abandoned eCommerce shopping carts and is seen as the next payment opportunity to transform online shopping conversions.

YouPay actively encourages users to find another payer to complete the purchase rather than getting the online shopper into debt or installment payments. With a focus on security and partnerships, YouPay will focus on four core global customer groups:

  1. Partners
  2. Parents
  3. Professionals
  4. Purpose.

YouPay was founded by experienced web and eCommerce business owner Matt Holme who brings 12 years of digital experience and passion through his successful digital agency, MyWork. Matt will be working closely with the Sprint team to rapidly build YouPay’s product, governance and growth.

It will be exciting to watch the growth and scale of YouPay and we welcome them to the Sprint team!

We couldn’t be more excited to be working with Sprint VC at this important early stage of our company. Sprint’s investment in YouPay will be put to good use as we explore our product market fit and hire amazing people to help our merchants sell more.

 What we know for sure is the shopper is not always the payer. In 2021 our goal is to introduce YouPay to stores globally and connect as many shoppers with payers as possible.”  

Matt Holme, founder of YouPay