Members of the Bizpay team in 2022, including co-founder and former CEO David Price, third from right. Source: BizPay / Facebook
BizPay, the Australian fintech offering buy now, pay later (BNPL) services for business-to-business invoices, has fallen into voluntary administration.
BizPay Group Limited appointed Jonathon Keenan and Peter Krejci of BRI Ferrier as joint administrators on Thursday, according to the Australian Securities and Investments Commission (ASIC).
While a restructure of the business is explored, no new loans are being issued to clients, the company website states.
A screenshot of the BizPay website, dated November 28, 2023. Source: SmartCompany
A cashflow shortfall and trouble securing fresh investment drove BizP…
Read the full article at: https://www.smartcompany.com.au/finance/australian-b2b-bnpl-bizpay-voluntary-administration/
