I know, right. No negotiations, coz they had a realistic valuation REGARDLESS of their hairy, audacious goal 😆. Really rare to see the 🦈 be comfortable with 4.2% each. ✌ ☮
Honestly I think it's a horrible pitch and confused business. They're not actually a bank and shouldn't pitch themselves as one, they're a Fintech app and should've said so. Also instead of competing with banks they should've been pitching their product to them. Banks love integrating these kind of apps.
@@Noadvantage246 I agree 100%. I was confused by what they even had to offer..if it's just letting you know how much spending money you have, i'm pretty sure my bank already has it. or something close to it. they should have created a dummy account show how it works. I'm amazed 2 sharks invested in it.
@@kingusmaximus ir this Goes well (witch it kinda did) they até gonna get huge profit even tho they only jad 4.2% each because of the growth the company had
@@kingusmaximus It sounds like their 2 advantages is how they let you know how much money you have. Rather than a generic you have "x" balance left I imagine it pops up when you're shopping, saying "you don't have enough 'Play' money to buy these concert tickets are you sure you want to use your rent money to complete this purchase?" And second is the cult following they have with Uni students. It is a pretty unique idea and again I think banks would love to integrate them and pay a pretty hefty licensing fee, plus they could start signing ppl up for the banks and get commissions for all the customers they successfully sign up.
ive seen tech related businesses that state they specifically hoped for steve. They do their research on the investors and their back story / specialties
His judgement is quick, he also has some of the worst shark tank investments, the companies he invests in grow, but not fast like people predict in their pitch. Steve has little connections outside austrailia, he actually might be the worst shark to have on your side. His appearance, personality, and desire to win is what attracts people to him, but all he really is to a company is a check, the other sharks bring more to the table
Well I just noticed you were specific about the tech related things, in that instance you may be right that Steve is a good pick, but this company wants and needs out of austrailia, anyone trying to leave austrailia should pick Andrew without a doubt
@@forrestmccreary9903 id say it varies in relation to your first comment. Each shark seems to have their forte n usually work within it, though sometimes branching out. N id say 90% of these companies dont grow as their prediction said..thats a given
It also depends. Like in this case, they got 2 sharks instead of one. If it came down to Naomi vs Steve, hands down Steve woulda been the better option for his tech side. But having the reach of both is much more valuable for quicker expansion. In short; better business mentality/strategy.
The company is now providing roughly $1.5M in revenue according to a report. That is impressive. Well done the way they responded to these experienced guys who knows how to get better deals only for themselves.
This is literally a DIRECT COPY of some of the pay apps from South East Asia. This is nothing new. Australia, Europe & US just fallen behind on it and they copied it. Other companies can easily copy it. For that reason. Im out.
@@DraxTheSecond. The reason why she said she's out is because this company is flourishing now... But what happens a year or more down the line? Some company's actually do so well that one simple setback ruined them. That's why she wouldn't take it.
i believe what happened was steve accepting their offer straight away cut the legs out from under the other sharks who were going to ask for more equity. they saw 8.4 as too small an investment
This was actually one of the better pitches, it was presented well, they answered the questions. When the questions got tricky they answered it and gave them something to hang on to. It was really well done.
@@Elizabeth-ue7bl apparently not, I was watching the pitch thinking the exact same.. couldn’t actually see what the difference was but I guess they are pushing it more at students? Not sure because every feature they mentioned I currently have on my apps
no fluff, no attitude, a relevant product solving a real problem for a large audience, and with good numbers to back it up. id love to see their app do well and might even use it myself
I happened to personally meet Andrew Clapham at a entrepreneurship workshop at the ANU in 2018. A very friendly and motivated individual, it was great to gain analytical insight from someone who was able to create a tool that could enable faster ticketing payments for university-related evens online!
I don’t know how this venture turned out but honestly a customer base of students that never runs out and keeps having new students every year is quite brilliant I must say. But competition with banks are always downhill fights imo
@@koldbloodedentertainment5900 hmm the article I read said that American Express was funding them... “But it’s not the only funding QPay has secured this year: the cash forms part of a larger $1 million round contributed to by Sydney Angels, the two sharks, American Express and other individual investors.”
first time I watch a non-US Shark Tank episode and what a pitch; I feel like these sharks asked more serious/better questions related to the business itself
This is an app/budget system with a prepaid card. They explained nothing about the actual way the “bank account” operates, costs, fees, etc. It was a good sales pitch, but that’s all. I can’t believe somebody would call this amazing or use this company solely based off this clip.
the way I see it, all Sharks are so heavily invested in so many random business's that they either work 24/7 or simply handed a bunch of money while taking a massive stake in the business's and pretty much do fk all.. I would love to see the hours per business these sharks actually put in to the business's they commit to... it seems like a big fat con to me...
@@blazecc8410 well you sound like a troll... I have 2 business's, 2 managers.. I am also rated in the top 40 for Technical and fundamental analysis for ASX listed companies... personally I think my experience and knowledge is worthy.. but as you were troll
@@peacefulsoul77 dont really believe someone as high up as you claim really goes around spewing it to people on RUclips comments they know are trolls. But I agree with your original comment. I highly doubt the sharks spend much time with most of these companies. They would not have the time to do reality TV with how many businesses they are invested in if they actually did anything.
@@everythinghuman6978 I agree with you, however, I think they probably spend at least some time. You still have to think about some of the deals that do not go through after the show bc accounting or issues with numbers and how many business either fail or are sold to large corperations within a few years.
I'm not sure how many deals each shark gets on average, but I'm pretty sure even if a Shark just spent a few days with each investor initially to answer any/all questions (big picture questions), and then could do a hour-long meeting every few weeks (which doesn't sound like much, but an hour-long meeting with somebody with all of their knowledge is more than enough to ask/answer any questions), I can definitely imagine the Sharks being happy and being able to get them good answers, and the dealer also being happy.
That's a really really good pitch. These guys really nailed their presentation in university and here I am, don't even understand how their system works different than the usual bank.
This is an older Shark Tank Australia episode. Company was founded in 2013. As of February 12, 2021 Qpay stock is down 66% over the prior 52 weeks. So... not doing so well.
@@tuc1113 well the reason their stock is down 66% is because of the pandemic.. all universities were shut down and some still to this day. Most of their transactions comes from on campus so I would assume that’s why they have been struggling
i love it when its pure logic and the presenter can actually answer questions without a melancholic story to back it up. just pure number, smarts and precise. sorry im a geek.
“Why do u think banking is broken?” “When was the last time you visited a bank branch?” Such a good line! The last time I visited a bank branch was to close 2 of my accounts 😂😂
When I was younger that's exactly how I spent. I would not check my balance.. I just kept swiping my card until i overdrafted and got charged more money. I was terrible with money when i was young
Holy smokes, these business models are solid. There's a similar 'banking' company called Yotta Saving, but instead of providing analytics, they have give users weekly recurring lottery tickets for every $25 they save with them.
Millenials are a certain age bracket and I don't see how they could possibly be working with 18yo Millenials right now. There's gen z and others but aren't as popular terms.
Agreed. They are referring to Gen Z, though I would definitely agree that the problem that they are addressing began with us Millennials. The whole "I don't look at my bank account" thing is definitely a Millennial issue, and their solution is definitely something a Millennial would be looking for. They even used the same terms I use when creating a budget manually, "fun money". This is literally how we look at things, there is real/bill money, and fun money. Fun money is what is left after bills, savings, food, gas, etc that you are left with to go out, have a drink, splurge on fast food, see a movie, buy a video game, etc. Having a bank that knows your budget and can simply lay out each week "this is your fun money" would DEFINITELY be the bank I would choose JUST for THAT feature.
they may have good growth because they were quick to market but when the big banks notice they are taking a bite out of their profits, what is stopping the big banks from implementing the same features? universities are already aggressively marketed to when it comes to credit cards and financial products
There is one large traditional bank made a the exact same changes on their app and two more banks in Saudi Arabia are getting into the competition through that idea, i think the beauty of it is that you don’t even have to go to physical bank to actually be able to spend your money
@@regs9959 ive watched like 60 and she always goes in on products that she can market in the many stores she owns. she doesn't like technology because she cant market it. shes the one who said "its amazing but I cant help"
I've watched a few of these episodes strictly because I thoroughly enjoy Australians. This Steve person has gotten envolved in every episode I've watched. The others have all declined, first time the lady in red stepped up.
“We’re here to disrupt traditional banking” proceeds to roll out a traditional banking means of credit (a mastercard)… backed by, get this… a traditional bank!😂😂😂
It's like watching smart people living room because it's time to watch the sharks get excited when they have a good answer for all their questions. He was able to answer every question like 123
Sounds good, but i went to Uni of Hull in UK. We had a app called YoYo Wallet which was similar function. Different universities and their student unions may have their own in house app as well. Its one thing saying we could take over the uni population but if the uni's are already doing it themselves its a different thing. What they're doing isn't proprietary to them and can be easily mimicked by universities or even bank branches if they wanted to.
Could we be looking at our own early stage university focused version of 'Square'? Awesome idea & phenomenal pitch - best of luck to these guys with this Australian Fintech 👏🇦🇺
I'm almost certain steve only agreed to going in with Naomi because he could tell that if he didn't, they were going to choose her over him...if he has to choose between getting a slice of pie or none at all, he's gonna take what he can get. Smart move.
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Whoever is responding to their bad reviews on the app store / google play store is making their company look really bad! It looks like an egotistical owner is responding to the bad ones personally. They are replying to people's bad reviews with snarky replies, that's terrible customer support.
I grew up hating how behind banks are. How they don't know how much money you have until after the weekend. I once got a prepay, and it was able to give me live text receipts. A bank also almost made me bounce a check to the government. They told me I had more money than I did.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
Steve: That’s 190 million dollars a month !
Barbra: I’m not even on this show and for that reason I’m out.
😂😂😂
Mark Cuban: He's an idiot. He's a con artist! :D
😹😹😹
😂😂😂😂
😂😂😂😂
This is exactly how you deliver a pitch, and is exactly why that guy is the CEO.
I know, right. No negotiations, coz they had a realistic valuation REGARDLESS of their hairy, audacious goal 😆. Really rare to see the 🦈 be comfortable with 4.2% each. ✌ ☮
Honestly I think it's a horrible pitch and confused business. They're not actually a bank and shouldn't pitch themselves as one, they're a Fintech app and should've said so. Also instead of competing with banks they should've been pitching their product to them. Banks love integrating these kind of apps.
@@Noadvantage246 I agree 100%. I was confused by what they even had to offer..if it's just letting you know how much spending money you have, i'm pretty sure my bank already has it. or something close to it. they should have created a dummy account show how it works. I'm amazed 2 sharks invested in it.
@@kingusmaximus ir this Goes well (witch it kinda did) they até gonna get huge profit even tho they only jad 4.2% each because of the growth the company had
@@kingusmaximus It sounds like their 2 advantages is how they let you know how much money you have. Rather than a generic you have "x" balance left I imagine it pops up when you're shopping, saying "you don't have enough 'Play' money to buy these concert tickets are you sure you want to use your rent money to complete this purchase?" And second is the cult following they have with Uni students.
It is a pretty unique idea and again I think banks would love to integrate them and pay a pretty hefty licensing fee, plus they could start signing ppl up for the banks and get commissions for all the customers they successfully sign up.
The third guy be like: nice job guys
ikr did he even say a word
@@DignifyTM he said he’s name😂
He's probably the programmer
Yes
In fairness- the actual footage was over an hour long. The producers cut out a lot, to make it all fit :)
Why the hell does nobody ever want Steve right off the bat? He’s honestly the best shark to have on your side for tech related things.
ive seen tech related businesses that state they specifically hoped for steve. They do their research on the investors and their back story / specialties
His judgement is quick, he also has some of the worst shark tank investments, the companies he invests in grow, but not fast like people predict in their pitch. Steve has little connections outside austrailia, he actually might be the worst shark to have on your side. His appearance, personality, and desire to win is what attracts people to him, but all he really is to a company is a check, the other sharks bring more to the table
Well I just noticed you were specific about the tech related things, in that instance you may be right that Steve is a good pick, but this company wants and needs out of austrailia, anyone trying to leave austrailia should pick Andrew without a doubt
@@forrestmccreary9903 id say it varies in relation to your first comment. Each shark seems to have their forte n usually work within it, though sometimes branching out. N id say 90% of these companies dont grow as their prediction said..thats a given
It also depends. Like in this case, they got 2 sharks instead of one.
If it came down to Naomi vs Steve, hands down Steve woulda been the better option for his tech side.
But having the reach of both is much more valuable for quicker expansion.
In short; better business mentality/strategy.
Qpay: We will turn over 180 million a month.
Jenny: For that reason, i'm out...
"seems about right 😌"
@@MrLuigge glad someone gets it 😉
We all get it
Jenny doesn’t tho and for that reason she’s out
@@Sam-qh1sh haha
Not turnover that’s how much will be moved through the site a month between students they would be making bout 5 mil a year under they numbers
The company is now providing roughly $1.5M in revenue according to a report. That is impressive. Well done the way they responded to these experienced guys who knows how to get better deals only for themselves.
@K B sounds incredibly stupid, but is that a good or bad thing that it is very savvy?
@K B what a savvy response
@K B I love this comment
This is literally a DIRECT COPY of some of the pay apps from South East Asia. This is nothing new. Australia, Europe & US just fallen behind on it and they copied it. Other companies can easily copy it. For that reason. Im out.
Can’t be that good, I’ve never heard of them
The 3rd guy is me in every group presentations 🤦🏽♂️🤣
hahahahhaahahhaha
Same and I’m the one that did all of the work
Lmaoo
@@manib. yeah low key that guys is the brains and those guys can just talk
Hahaaa same 😂😂😂😂😂😂😂☝️
“This product will most certainly give me a return on my investment and more”
And for that reason, I’m out
Exactly like wtf. This is exactly what I was thinking.
@@DraxTheSecond.
The reason why she said she's out is because this company is flourishing now... But what happens a year or more down the line?
Some company's actually do so well that one simple setback ruined them.
That's why she wouldn't take it.
1k like
i believe what happened was steve accepting their offer straight away cut the legs out from under the other sharks who were going to ask for more equity. they saw 8.4 as too small an investment
😂😂😂😂😂
This was actually one of the better pitches, it was presented well, they answered the questions. When the questions got tricky they answered it and gave them something to hang on to. It was really well done.
it’s much easier to answer the questions when you have the potential and substance to back it up.
@@Dog3D so true. they had millions of dollars in transactions.
not gonna lie, having that freedom is pretty nice.
they have a good pitch.
yes bro
It looks like they are raising the next round of funds with Birchal Australia and are in crowdfunding; www.birchal.com/company/qpay
Haha thanks, but always have to think about the next level! You can join the journey at app.getqpay.com/sharktank
Right bc its so hard to budget your money by looking through your account thats already balanced and accessible anytime anywhere with any bank....
@@rubric1834 Oh you are replying here, lmao.
Naomi: "I'm gonna make you an offer"
Everyone: *Gasp*
RUclips Commenter: Naomi invested.
Everyone: Gasps at how unoriginal the Naomi comments are.
Jenny: For that reason, i'm out...
I never see Naomi make offers lol
I know right ??? hahaha
I’m gonna make an offer they cant refuse
Barbara called from the us to say she’s out
LMAO 😂😂😂
No she’s in 😂
LMAOOOO
💀
😂 😂 😂
The CEO is so intelligent. He talks in statistics and numbers.
That makes him intelligent in stats and numbers that's all
I’d say he can read the room and knew what the sharks care about, and knows his business. In this case, I’d agree that it makes him quite intelligent.
Need to know more than numbers too
That's how a CEO should roll...
Every question answered like a PRO!!
The only problem is the UK have loads of these apps/banks
Do we? News to me
@@Sam-qh1sh yep. unfortunately this isn’t new in the uk but maybe if you haven’t heard of them these guys will be better at marketing
Wait in Australia do they not have multiple banks? With apps
@@Sam-qh1sh Monzo, Starling, revolut to name a few
@@Elizabeth-ue7bl apparently not, I was watching the pitch thinking the exact same.. couldn’t actually see what the difference was but I guess they are pushing it more at students? Not sure because every feature they mentioned I currently have on my apps
The most impressive thing is: They know what they want out of the deal without even discussing with each other!
Cuz they got right offer
@@pradeepsenchpp4519yeah I agree with you. Nothing to be discussed here.
This is the first product I’ve seen on shark tank that I’ve actually used myself. I hope they succeed I love the product
Do u know how this product is doing rn
@@matkuca214 they went bankrupt
@@kiyagetahun8052 oof 😅 At least their app is pretty.
@@kiyagetahun8052 omg how 😂😂😂
@@kiyagetahun8052 they didn'
Jenny: I use Mastercard and I'm not a student so I'm out.
🤣🤣🤣🤣🤣🤣
ouch who doesn't ?
Who is Jenny? She seems to be a meme...
@@annienemus7088 Dragons Den UK version of Shark Tank lol
Hahaha!
The CEO is freaking brilliant. He did it
Most of these Sharks have a strong business relationship with big banks. It would be difficult to change their perspective.
They could sell it to the banks for Billions of $$$
They are undoubtedly improving their record for the next round at Birchal Australia and Crowdfunding - www.birchal.com/company/qpay
@@angcil88 thats more than likely their plan, and then they will end up on shark tank making the investments
no fluff, no attitude, a relevant product solving a real problem for a large audience, and with good numbers to back it up. id love to see their app do well and might even use it myself
They will probably reinforce their next help program with Birchal Australia and crowdfunding... www.birchal.com/organization/qpay
The best shark tank decision. Friendly, down to earth, honest and polite
That’s a CEO.
I happened to personally meet Andrew Clapham at a entrepreneurship workshop at the ANU in 2018. A very friendly and motivated individual, it was great to gain analytical insight from someone who was able to create a tool that could enable faster ticketing payments for university-related evens online!
The following round of help will probably be brought up in Birchal Australia and crowdfunding is in progress. www.birchal.com/organization/qpay
I don’t know how this venture turned out but honestly a customer base of students that never runs out and keeps having new students every year is quite brilliant I must say. But competition with banks are always downhill fights imo
I think you mean an uphill battle right? As in its a difficult task
Evasive 43 yep typo lol
Except students don’t often use traditional banks. Or any at all.
@@gothicherie6691 not sure but where I’m from it’s a bit strange to not have a normal bank card ? Therefore I’m out.
@@gothicherie6691 All students use banks, how do you think we pay for university, get paid and buy stuff without a bank?
I read that they are now in cahoots with American Express so I'm guessing that they are doing pretty well now
That must be in the works because at the moment the still don’t accept American Express
that is a lie because Warren Buffett owns a big chunk of American Express so that's a lie
@@koldbloodedentertainment5900 hmm the article I read said that American Express was funding them... “But it’s not the only funding QPay has secured this year: the cash forms part of a larger $1 million round contributed to by Sydney Angels, the two sharks, American Express and other individual investors.”
@@koldbloodedentertainment5900 you know sweet fa. Boogie is right.
@@lonewolf6364 no he is not
This is a good pitch..
The middle guy is the brains.
I really love steve!! Talk less , sharp, UNUSUAL calculating skill, and he wrote checks!
Fun fact : zaki is an arabic name which means "smart". Never seen a name so on point before 😂
Lol actually his name is Zakaria nothing to do with the word smart but hey i see what u did there 😂 انت ذكي
@@nesrineness845 how do you know that his name is zakaria and not zaki?
@@joha914 its written on the video 0:40
@@joha914 plus if you know arabic you'll know that zaki is just a nickname.
Zaki means smell good not smart , smart is Daki , and his name is Zakaria
first time I watch a non-US Shark Tank episode and what a pitch; I feel like these sharks asked more serious/better questions related to the business itself
Zach def saved that pitch.. probably the brain behind the app :)
He is the CEO for a reason.
Definitely a team effort- the actual interview went longer than an hour, so a lot was cut out :)
Saved ? It was never in distress to begin with
@@chardialing4418 yeah, but people comment nonsense all the time so
@@chardialing4418 Actually realized that too after rewatching it.. Don't know what I was thinking back then .. :D
Since the first guy hit their asking price right on the spot the others couldn't scam them out of their money and business
They will most likely come together in the next round with Birchal Australia and crowdfunding,,, www.birchal.com/company/qpay
The most exciting and amazing ST ever.
These kids are unreal, way too smart!
I don’t agree, in the uk a lot of the big banks are clocking on to this strategy and offering this service themselves which wipes this business out
OYeah
This is an app/budget system with a prepaid card. They explained nothing about the actual way the “bank account” operates, costs, fees, etc. It was a good sales pitch, but that’s all. I can’t believe somebody would call this amazing or use this company solely based off this clip.
@@lukasgrab1330 Agreed.
Thanks :) You can be part of the journey too at app.getqpay.com/sharktank!
The sharks' expressions when they heard how much revenue they would make is priceless
the way I see it, all Sharks are so heavily invested in so many random business's that they either work 24/7 or simply handed a bunch of money while taking a massive stake in the business's and pretty much do fk all.. I would love to see the hours per business these sharks actually put in to the business's they commit to... it seems like a big fat con to me...
You seriously don't know how investing works? How old are you?
@@blazecc8410 well you sound like a troll... I have 2 business's, 2 managers.. I am also rated in the top 40 for Technical and fundamental analysis for ASX listed companies... personally I think my experience and knowledge is worthy.. but as you were troll
@@peacefulsoul77 dont really believe someone as high up as you claim really goes around spewing it to people on RUclips comments they know are trolls. But I agree with your original comment. I highly doubt the sharks spend much time with most of these companies. They would not have the time to do reality TV with how many businesses they are invested in if they actually did anything.
@@everythinghuman6978 I agree with you, however, I think they probably spend at least some time. You still have to think about some of the deals that do not go through after the show bc accounting or issues with numbers and how many business either fail or are sold to large corperations within a few years.
I'm not sure how many deals each shark gets on average, but I'm pretty sure even if a Shark just spent a few days with each investor initially to answer any/all questions (big picture questions), and then could do a hour-long meeting every few weeks (which doesn't sound like much, but an hour-long meeting with somebody with all of their knowledge is more than enough to ask/answer any questions), I can definitely imagine the Sharks being happy and being able to get them good answers, and the dealer also being happy.
That's a really really good pitch. These guys really nailed their presentation in university and here I am, don't even understand how their system works different than the usual bank.
The cacophony of “aight mates” after they got the deal made me laugh so hard
Can’t wait to come back to this in a year to find out how they are doing because I’m too lazy to look it up myself.
Right!? 😀
This is an older Shark Tank Australia episode. Company was founded in 2013.
As of February 12, 2021 Qpay stock is down 66% over the prior 52 weeks. So... not doing so well.
@@tuc1113 well the reason their stock is down 66% is because of the pandemic.. all universities were shut down and some still to this day. Most of their transactions comes from on campus so I would assume that’s why they have been struggling
@@AlexisC005 my thoughts exactly. I didn't want to make my post any longer by saying this.
That’s me every time!
i love it when its pure logic and the presenter can actually answer questions without a melancholic story to back it up. just pure number, smarts and precise. sorry im a geek.
We need a shark tank international version with Naomi, Jenny, and Barbara as the sharks. That would be exciting!
And for that reason, I’m out.
That wont happen cause Barbara and Naomi are out.
exciting? No one would ever invest in the business.. Hell they could put tesla up there or starbucks and theyll be out..
Amazing to see a company that I invested in 5 years ago appear on shark tank and secure investment, brilliant team!
Well did you invested in qpay?
Id love to see a programme where they show the sharks in action and the outcome a couple of years down the line.
You know it’s an amazing business when Steve not only agrees to the initial offer, but also accepts teaming up with Naomi 😂
U just copied a comment of someone else 😂😂😂
@@wajdisjaowjdoaswadsa9235 U just copied a comment of someone else 😂😂😂
@@tyevanniekerk756 U just copied a comment of someone else 😂😂😂
@@winniethepooh8766 U just copied a comment of someone else 😂😂😂
Yeahhh very original
Just goes to show how important it is to know your stuff and know your numbers
Seems like they are raising their next round of support with Birchal Australia, and are doing crowdfunding -
www.birchal.com/company/qpay
The ring was actually the most profitable business to come off shark tank, even if it was not accepted.
This is the au shark tank, so ring doesn’t really count, but good point
This was probably the most impressive pitch I've ever seen on Shark Tank!
Thanks Brian! You can be part of the journey at app.getqpay.com/sharktank :)
I cant believe Steve is going shotgun with Naomi, the Queen of fluff!
They can plan the next round of aid in Birchal Australia. www.birchal.com/company/qpay
She's a fluffer? That's awesome I thought that profession died out when viagra came out
“Why do u think banking is broken?”
“When was the last time you visited a bank branch?”
Such a good line! The last time I visited a bank branch was to close 2 of my accounts 😂😂
What does he mean
0:22 Glen extremely confused by those red shoes.
Thank you for pointing this out. Way too funny, and I am glad found it for the rest of us!
A lot of us in the team here at QPay still are ;)
It's not the red shoes. It's being young.
I love this show it helped inspire me to start my other business here in the US
What is it and hows it going
“We’ll make 180 million dollars a month”
Jenny: Nah ceeb
Once/if they become an actual banking cooperation, I think that will open a lot more doors for them.
nonagib d
When I was younger that's exactly how I spent. I would not check my balance.. I just kept swiping my card until i overdrafted and got charged more money. I was terrible with money when i was young
Hmm, this will undoubtedly raise the record for the next round at Birchal Australia and Crowdfunding - www.birchal.com/company/qpay
WOHOO!!!! What a great episode. Such a great deal of motivation and challenges ahead.
It appears they are raising the next round of grants from Birchal Australia and are in the process of crowdfunding. www.birchal.com/company/qpay
So this one is for valentine's Day between Naomi & Steve..
These guys r so amazing that North & South Poles agreed to come together...
Holy smokes, these business models are solid. There's a similar 'banking' company called Yotta Saving, but instead of providing analytics, they have give users weekly recurring lottery tickets for every $25 they save with them.
I’m not a money hungry savant. I’m no genius entrepreneur- but 7:57 made me smile ear to ear Glen!
20 years ago, college students were called millennials. Do millennials ever move out of college?
I would be considered the last age of a millennial. I just graduated two months ago. So my best guess is the last of the millennials are finishing up.
Millenials are a certain age bracket and I don't see how they could possibly be working with 18yo Millenials right now. There's gen z and others but aren't as popular terms.
@@Aznandy28 isnt it widely accepted that 96 or 97 is the last of the milennials
@@sergiorenatoreyes6967 yes, I was born in 97. However, I just did some research and they changed the birth year
Agreed. They are referring to Gen Z, though I would definitely agree that the problem that they are addressing began with us Millennials. The whole "I don't look at my bank account" thing is definitely a Millennial issue, and their solution is definitely something a Millennial would be looking for.
They even used the same terms I use when creating a budget manually, "fun money". This is literally how we look at things, there is real/bill money, and fun money. Fun money is what is left after bills, savings, food, gas, etc that you are left with to go out, have a drink, splurge on fast food, see a movie, buy a video game, etc.
Having a bank that knows your budget and can simply lay out each week "this is your fun money" would DEFINITELY be the bank I would choose JUST for THAT feature.
Man QPay’s probably laughing at all the sharks that pulled out, they’re all over the US in major markets like Fashion Nova and more 💯
they may have good growth because they were quick to market but when the big banks notice they are taking a bite out of their profits, what is stopping the big banks from implementing the same features? universities are already aggressively marketed to when it comes to credit cards and financial products
There is one large traditional bank made a the exact same changes on their app and two more banks in Saudi Arabia are getting into the competition through that idea, i think the beauty of it is that you don’t even have to go to physical bank to actually be able to spend your money
One of the best pitches (aka Zac) I've ever seen on Shark Tank or Dragons Den combined. He'll go far.
"Holy $H!T that's amazing"😀
"I'm out"😮
😂😂😂😂
lmao shes more of a retail store seller . u cant blame her
@@justanothermind9449 did you even watch the video
@@regs9959 ive watched like 60 and she always goes in on products that she can market in the many stores she owns. she doesn't like technology because she cant market it. shes the one who said "its amazing but I cant help"
@@justanothermind9449 he wasn't quoting a she
@@justanothermind9449 i said what I said because the quote isn’t from a lady
I've watched a few of these episodes strictly because I thoroughly enjoy Australians. This Steve person has gotten envolved in every episode I've watched. The others have all declined, first time the lady in red stepped up.
I don’t look at my bank account either. Saving through a bank account without any assistance is difficult. This was a great idea.
I would Sign up for their banking, just becouse they have an cool Looking Banking Card😂😂😂
Very likely they are raising their next round of supporting with Birchal Australia, and are doing crowdfunding -
www.birchal.com/company/qpay
“We’re here to disrupt traditional banking” proceeds to roll out a traditional banking means of credit (a mastercard)… backed by, get this… a traditional bank!😂😂😂
As a student I'd definitely be interested in this app
cash app is the exact same thing XD
“I’m in and for that reason I’m out”
4.5m valuation for business that turned over 200k last year, pretty crazy
Lady in red dress.." i am no longer friends with Barbara, so I am in "
Zaka is very well spoken and gave a great pitch.
It's like watching smart people living room because it's time to watch the sharks get excited when they have a good answer for all their questions. He was able to answer every question like 123
Imagine elon musk coming in and saying... I want to buy you all....🔥😂
All of them and the whole tv show + network😂
The savings and millennial part is on point
How is the company doing now ? Are they near the 190mil a month transactions milestone yet ?
The way they were answering every single question from sharks was a great deal
Wish to see a follow-up on the pitches that got a shark investment or the Sharks that invested,if they are reaping the rewards or they sold out
@Shark Tank Australia I'm confused 😁 Crypto/stock/etf? 🇿🇦
Been looking for this episode for ages
I love how once they heard the numbers they got interested haha they definitely where not before they heard the numbers
well that’s what matters?
Money talks. It's as plain and simple as that
Me too, i heard the numbers then re started the video
Sounds good, but i went to Uni of Hull in UK. We had a app called YoYo Wallet which was similar function. Different universities and their student unions may have their own in house app as well. Its one thing saying we could take over the uni population but if the uni's are already doing it themselves its a different thing. What they're doing isn't proprietary to them and can be easily mimicked by universities or even bank branches if they wanted to.
Steve takes and takes off the glasses more than 100 times per episode lol
I'd give a 10 on 10 for that video editing and BGM for this episode
Could we be looking at our own early stage university focused version of 'Square'?
Awesome idea & phenomenal pitch - best of luck to these guys with this Australian Fintech 👏🇦🇺
Let’s hope that the licence they operate under as a CAR don’t squeeze them. They should be putting some of that money towards their own AFSL.
the heck that so many bg music changes in span of just 5 minutes in middle, was editor high or just wanted to use them all in one go?
“Steve and I never work together” 10:12 Probably because you’re always out?
glens "holy shit thats amazing" made me spit coffee out of my mouth LOL
This man talks fast like myself. Finally someone who talks fast and makes sense
This is the type of company that can be sold for $500 million or maybe more
Holy crap this is the first in eternal noemi finally made an offer and get the deal.
Lesss sssss gooooooo AUSTRALIA actually uploads the whole pitch.... wowoowoopppp
It would seem that they are raising the following round of assets with Birchal Australia and are in crowdfunding; www.birchal.com/organization/qpay
I'm almost certain steve only agreed to going in with Naomi because he could tell that if he didn't, they were going to choose her over him...if he has to choose between getting a slice of pie or none at all, he's gonna take what he can get. Smart move.
Steve: "I already had my coffee this morning, and for this reason I'm out"
that's a lie
Naomi and Steve, yasss! 2021 is bringing brighter connections, makes me truly smile with happiness :)
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The highest earning businesses invest much higher in technology and operate on a leaner operator team
Operating a business is no joke. You must do all that you can to ensure the longevity of your business and one of the things that can help you is investing.
There are many things that business owners can invest in including technology, employees, advertising, marketing, etc. I’m going to be sharing some of the highest earning businesses in a bit but first - let’s go over a few reasons why investing is crucial to your business’ success.
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Whoever is responding to their bad reviews on the app store / google play store is making their company look really bad! It looks like an egotistical owner is responding to the bad ones personally. They are replying to people's bad reviews with snarky replies, that's terrible customer support.
How many downloads do they have? And also how much money are they making
@@Thatboiilance I'm not the owner so idk their revenue and profits. 50k downloads I think with 3.4 overall rating.
I grew up hating how behind banks are. How they don't know how much money you have until after the weekend. I once got a prepay, and it was able to give me live text receipts.
A bank also almost made me bounce a check to the government. They told me I had more money than I did.
This is the Pied Piper of banking
Wowww Steve & Naomi... you guys got the tech king & marketing queen
it's rather clear when the CEO talks. Without him the all deal making would have fallen apart.
Monzo and Revolut works well in UK, i am sure they will go well in Australia as well