
QPay
A payments platform for students and societies.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
* | AUD1.2m | Seed | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 372 % | - |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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QPay, operating as getqpay.com, functions as a comprehensive software-as-a-service (SaaS) platform tailored for the higher education sector. Founded in 2014 by Zakaria Bouguettaya and Andrew Clapham, the company originated from the idea of a bill-splitting application and has since evolved into an all-encompassing campus solution. The firm’s journey includes a notable appearance on Shark Tank Australia in 2018 and successfully raising $2.18 million over three funding rounds, with investors like American Express and Artesian.
The business is primarily focused on enhancing student engagement and streamlining administrative tasks for university organizations across Australia, the UK, Canada, and New Zealand. Its clients are university societies, clubs, unions, and associations. The platform, which has recently been referred to as Rubric, provides a plug-and-play solution designed to reduce administrative workloads for student groups. The business model appears to be commission-based, generating revenue from transactions processed through its platform.
QPay's product is an integrated application offering a suite of modules that facilitate various campus activities. For student organizations, it serves as a management portal for creating memberships, selling tickets to events, and offering merchandise. The platform allows administrators to set different prices for members and non-members and to communicate with their member base about events and other updates. For students, it acts as a centralized app for managing their campus life, from handling finances to reviewing courses. The platform is currently used on over 110 campuses by more than 650,000 students and has processed over $50 million in e-commerce transactions.
Keywords: student engagement platform, university societies, campus app, student payments, event ticketing, membership management, higher education SaaS, edtech, university administration, club management, student finance, getqpay, Rubric, Zakaria Bouguettaya, Andrew Clapham, campus commerce, student organizations, college clubs, university software, student life app