BizPay, the Australian fintech offering buy now, pay later (BNPL) services for business-to-business invoices, has fallen into voluntary administration end of last week. It is the latest Australian BNPL to collapse, despite its ambitious plans to become the leading provider of B2B invoice financing.
“BizPay has been placed into voluntary administration with Jonathon Keenan and Peter Krejci of BRI Ferrier appointed Administrators. While a restructure of the business is explored, no new loans are being issued to clients” the company website states.
