Global payment outfit Hyperwallet is gearing up for an APAC launch, picking Melbourne as its gateway into Asia. The San Francisco-based company, which powers payout solutions for global giants such as Live Nation and Expedia, says it is capitalising on the rise in marketplace and sharing economy businesses.
Hyperwallet global chief commercial officer Peter Burridge said all companies that needed to pay people — whether that be earnings, commissions or royalties — grappled with scaling their payments across the globe. “Fintech for me is taking these old and tired processes, and building technology innovation around it,” Mr Burridge said, adding that the company, founded in 2000 by Lisa Shields, was getting its licences sorted with the Australian Securities & Investments Commission in Australia and already had staff in Melbourne and Sydney. The local team will be led by former Paypal executive Simon Banks.
“We’re here to help Australia and APAC marketplaces go global and really get their services out there to the world,” Mr Banks said.
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