Shaype closes $33m Series C with strong growth delivering confidence to investors

Monday, 26^th September 2022 (Sydney)Shaype, Australia’s only one-stop-shop embedded finance platform, has secured an additional $33 million in new equity investment in a Series C capital raise.Proceeds from the latest investment round will be used to accelerate growth, with particular focus on expanding the team to support a full pipeline of Australian clients, as well as international expansion.Regal Funds Management led the round, which also included family offices.Commenting on the raise, Philip King, Chief Investment Officer at Regal Funds Management said: “We see huge opportunities for Shaype in leading innovation, as well as disruption, in banking and finance. Shaype is at the forefront of a new breed of fintech that can enable financial services better and more cost efficiently than any incumbent thanks to the platform’s control, flexibility, and speed.”While global equity markets and in particular the technology sector have undergone a material re-pricing in valuations this past 12 months, Shaype has successfully closed the Series C with a significant uplift in valuation. This reflects the core infrastructure that Shaype has built and owns, the team’s consistent track record of execution and delivery, and the resulting full pipeline of new business.Shaype will launch solutions for a range of businesses across Financial Services, HR, PropTech and Government before the end of this year.Additionally, in Q4 2022, Shaype will be one of the first payments service providers live with both Payment Initiator and Payer services on PayTo.With 100 employees globally, and offices in Sydney, London, Belfast, Glasgow and Warsaw, Shaype’s flexible embedded finance platform offers single API access to a full suite of powerful microservices for payments, KYC, data, insights and real-time transaction monitoring.

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About Shaype^TM - Shaype is creating tomorrow’s financial experiences today.Our core product is the creation of transaction accounts – including joint accounts – with BSB and account number linked to a VISA card. Our powerful and flexible platform offers one-API access to a full suite of powerful financial microservices for:

• • Card payments, bank transfers, wallets, tokenisation and dynamic authorisation
  • KYC, data and insights
  • Real-time AML, CTF and fraud monitoring across all payment channels

Shaype^TM (trading name of Hay as a Service Pty Ltd ABN 75 645 062 611) provides factual information and general advice only on financial products and services as a Corporate Authorised Representative (001293961) of Hay Limited (AFSL 515459).Business inquiries: Please visit www.shaype.com or email bizdev@shaype.comMedia inquiries: Please email media@shaype.com