About Skippr
Skippr is a Financial Services company based in Sydney (Australia) founded in 2016, and was acquired by CML Group in July 2020. Cash flow management is facilitated through invoice discounting for SMEs. Skippr has raised $1 million across 2 funding rounds from investors including SocietyOne, CML Group and Andy Taylor. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Timelio, Waddle and Moneytech; 3 of its 3 listed competitors have raised funding.
Company details
Skippr is a cash flow management tool with invoice discounting services for small businesses. SMEs upload their pending invoices either manually or by connecting their accounting software with Skippr. SMBs choose the invoices to be funded and sell the invoices to Skippr. Skippr charges the following fees from the users: 1) Exchange Fee - It is a flat fee charged against the value of selected invoices. 2) Discount Fee - It is a variable fee charged against advanced funds. On average the fee is 1 per 30 days. Accrues daily up until date of payment. Fee is taken out of invoice residual. 3) Transaction Fee - flat fee of 50 charged upon funds being advanced to ensure user receives funding within 24 hours.
- Headquarters Sydney, Australia
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website skippr.com.au
- Social LinkedIn X
- Acquired by CML Group (Jul 2020)
- Total Equity Funding$1M (USD)
in 2 rounds
- Latest Funding Round$15M (USD), Debt – Conventional
Aug 2018
- InvestorsSocietyOne
& 3 more
- Acquired byCML Group
(Jul 2020)
Funding Insights of Skippr
Skippr has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1M
- Total Rounds 2
- Last Round Debt – Conventional — $15M
- First Round $1M
(Aug 2018)
- Investors Count 3
All 2 funding rounds of Skippr with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2018 | $1M | Seed | – | – | |
| Aug 2018 | $15M | Debt – Conventional | – | – |
4 investors in total: 2 institutional and 2 angel.
Investors in Skippr
Skippr has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include SocietyOne, CML Group and Andy Taylor.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Unsecured personal loans are matched between borrowers and investors online. | 2011 | societyone.com.au | Sydney, Australia | |
AT Andy Taylor | Indian angel investor with focus on early-stage tech startups. | unknown_75af0314f1db4cb99 | ||
PT Patrick Tuttle | unknown_64f09337ad0d4490a | |||
Invoice and equipment finance services are provided to businesses. | 2002 | cml-group.com.au | Brisbane, Australia |
Investor details for Skippr
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Skippr
3 dated milestones of Skippr across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Skippr is founded.
- Funding First funding round of $1.0M.
- Exit Acquired by CML Group.
Competitors of Skippr
Skippr has 3 listed competitors in our database, 3 of them funded. They include Timelio, Waddle and Moneytech.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| timelio.com.au | 2014 | Melbourne, Australia | $5.5M | Invoice financing is provided to Australian businesses online. | ||
| waddle.com.au | 2015 | Surry Hills, Australia | $2.84M | Invoice financing is provided through an online platform for businesses. | ||
| moneytech.com.au | 2003 | Sydney, Australia | $20M | Online finance and payment solutions for Australian SMEs are provided. |
Detailed competitors of Skippr
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Frequently Asked Questions about Skippr
Skippr was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Skippr is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Skippr is a funded company, having raised a total of $1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Aug 2018.
Skippr is a cash flow management tool with invoice discounting services for small businesses. SMEs upload their pending invoices either manually or by connecting their accounting software with Skippr. SMBs choose the invoices to be funded and sell the invoices to Skippr. Skippr charges the following fees from the users: 1) Exchange Fee - It is a flat fee charged against the value of selected invoices. 2) Discount Fee - It is a variable fee charged against advanced funds. On average the fee is 1 per 30 days. Accrues daily up until date of payment. Fee is taken out of invoice residual. 3) Transaction Fee - flat fee of 50 charged upon funds being advanced to ensure user receives funding within 24 hours.
Skippr has 4 investors. Key investors include SocietyOne, CML Group, Andy Taylor, and Patrick Tuttle.
Yes. Skippr was acquired by CML Group in July 2020.