Australian fintech startup Limepay bags $15.4m in pre-IPO round
Article summary
Limepay , an enterprise payment fintech startup based in Australia, announced it has raised A$21 million (US$15.4 million) in the first phase of its pre-IPO funding from current institutional investors. The latest investment brings the company’s total funding to nearly A$30 million (US$22.1 million). This comes after it raised US$6 million in a seed round last December. […] The new funds will be used to scale up the startup’s sales, marketing, and partnerships operations, as well as enhance and expand its products, management team, and balance sheet funding of working capital, it said in a statement. […] Claire Alexander, the former global head of talent acquisition and organizational design at payments firm Zip, will join Limepay in December as head of people and culture.
