How an Aussie fintech startup is connecting major brands to Chinese customers
Its always great to see Australian FinTech companies leading the way in international markets. Its hard to believe that such a market leader could remain under the radar for so many years.
SmartTrans, a payments startup whose board is chaired by Australia’s former ambassador to Beijing has just posted its fourth consecutive $1m-plus month of revenue from its Chinese customer base.
The fintech company’s share price has rallied this week after it posted a record revenue of $3.69 million in China during Q2. That’s an increase of 59% on the previous quarter’s revenue of $2.27 million and an increase of 620% on revenue for Q2 in FY2015.
The company acts as a payment platform that enables Western companies to enter the Chinese e-commerce market. It allows companies to have charges for things like in-app purchases added directly to their mobile phone bill.
Its mobile and online billing payment software is highly sought after in China, with the company in agreement with the country’s biggest telcos and payment providers in China Mobile, China Unicom, UnionPay and AliPay.
SmartTrans has been flying under the radar in Australia for years now having started out in China in 2008.
Do you know of any other ‘under the radar’ success stories. Let us know in the comments.