In the News

  • The Australian

    Assembly Payments raising sets new fintech funding milestone

    The untold story of Westpac’s $10 million-plus investment in Melbourne-based Assembly Payments is that it represents less than one-third of a much larger capital raising, creating a new milestone for investment in the unlisted, local fintech sector.

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  • BPAY Banter

    Banks and fintechs work together to reshape cross-border payments

    Major banks are adopting new standards and working with fintechs to bring transparency, speed and value to the traditionally opaque world of cross-border payments.

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  • Australian Financial Review

    Westpac strikes deal with Assembly Payments

    Westpac Banking Corp has bought an equity stake in Assembly Payments and will work with the Melbourne-based fintech to integrate the bank’s merchant terminals with customers’ point-of-sale (POS) software, removing the need for transaction amounts to be entered into retailers’ systems twice.

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  • TechCrunch

    Australia’s PromisePay ( now Assembly ), a payment platform for online marketplaces, raises $10M
    Landing Carsales, Australia’s largest online car site, which is listed on the ASX, and other strategic investors is proof for the founders that they are on the right track.

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  • Australian Financial Review

    By offering escrow payment services and fraud detection, PromisePay ( now Assembly ) can bring payments on to online marketplaces, closing the sales loop, which can allow markets to sell more products.

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  • St. Louis Business Journal

    As the most complete solution for marketplaces, and a rapidly growing footprint across the U.S. and Australia, PromisePay ( now Assembly ) has a disruptive offering and an exciting future.

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  • The Paypers

    PromisePay’s ( now Assembly ) solution allows marketplaces to renounce an in-house payment solution, essentially outsourcing the entire process.

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  • Sydney Morning Herald

    We see a lot of payments over time will be controlled by marketplaces in specific verticals, and we think this is a great opportunity to be a core provider of payments services to those marketplaces.

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  • StartupSmart

    The raise has allowed the company to expand from six to fifteen employees over the past three months. Lee says he hopes to grow the team to around 30 in the next year.

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  • Business Insider

    PromisePlay aims to eliminate distrust and disputes between buyers and sellers by providing marketplaces with a platform to manage the entire transaction from start to finish.

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  • TechCrunch

    PromisePay ( now Assembly ) believes that, by outsourcing the payment process, its service can save marketplaces a sizable amount of money, while also improving and and simplifying the customer service experience.

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