- Payble, a payments workflow, and customer engagement software provider, closed a $3.5 million funding round led by OIF Ventures.
- The funding aims to capitalize on the strong demand for Payble’s citizen-centric payment solution in local government payments and explore global expansion opportunities.
- Payble’s solution helps local governments boost on-time payments, reduce administrative burdens, and enhance community satisfaction.
- Ratepayers can transition from larger annual or quarterly payments to flexible weekly or fortnightly payments without extra cost, simplifying payment adjustments without paperwork.
- Founder Elliott Donazzan highlights the solution’s positive impact on community budget alignment, easing cost-of-living pressures, and addressing councils’ challenges.
- 60% of councils anticipate increased payment arrears, and 69% of council rates teams feel under-resourced. Payble offers a win-win solution.
- OIF Ventures, with expertise in enterprise software and government growth, joins Payble, expressing excitement about the impressive CEO and the company’s positive outcomes for councils and ratepayers.
- Payble Founder is thrilled about OIF Ventures’ involvement, citing their deep understanding of enterprise software and prior experience in government growth as a perfect fit.
Payble banks $3.5 million investment
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