Beforepay

Beforepay, formerly known as Cheq, is a next-generation buy now, pay later start-up aims to disrupt the payday distress cycle.

Beforepay gives you instant access to money you've earned at work.

Beforepay was founded in 2019 by Tarek Ayoub and Dean Guo Mao. The company is headquartered in Sydney, NSW, Australia.

Beforepay is developing a solution that amalgamates the 3 important pillars of financial wellness, budgeting, spending and borrowing, Beforepay is on a mission to disrupt the payday lending industry and decrease financial stress.

Beforepay is pioneering Australia’s first Pay On Demand™ service to give members instant access to their pay in a way that is transparent, fair and flexible.

 

Beforepay's cutting edge app helps users gain instant access to their wages on the same day they work, charging them a maximum of $5 per amount requested, with no interest or administration fees charged.

 

Beforepay uses its machine learning and AI, to empower people by automatically predicting due bills, identifying how much is OK to spend and encourages users to set savings goals and drip money into them, effortlessly.

 

Beforepay is backed by Alium Capital, James Spenceley, Brendan Hill and others. The company raised AU$9M in pre-IPO round on Jan 13, 2021. This brings Beforepay's total funding to A$14.9M to date.

 

 

  • Year founded: 2018
  • Funding Info: A$14.9M over 4 Rounds (Latest Funding Type: pre-IPO)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Sydney
  • State: New South Wales
  • Country: Australia
Related businesses