Bookipi, a fast-growing invoicing and payroll processing startup raises $1.6 million seed investment to accelerate its global growth. Investors include Our Innovation Fund, LP (OIF) and investment syndicate TEN13.
Founded by Tim Lee in 2017, Bookipi bootstrapped their business to global scale and built an international customer base of over 640,000 giggers who love their easy-to-use product offering. The business does no sales or marketing and a team of less than five.
Its being coined as the easiest and most intuitive to use book-keeping platform. To date, the company has two core products: an invoice generator ‘Bookipi Invoice’ and a payroll application ‘Payroller’.
Talk about “beautiful software”
Bookipi’s invoicing app generates over $12 billion of invoices per year, being one of the fastest growing and highest ranked invoicing apps globally. The app is ranked in the top five on the US Apple App Store.
Payroller, an ATO compliant single touch payroll application, launched less than a year ago and is already processing over $4 billion in annualised payroll through the platform. It is used by both accountants and small business owners.
Following the funding round, Bookipi has made its first new senior hire, with COO Chad Hardy joining the team. A former early employee of Uber in Australia, Chad has strong experience scaling technology startups.
Another business to watch is Anwar Kahlil’s “My Recruitment Plus”
Which will be a unicorn first?
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