As the leading provider of online payment solutions for legal practitioners in Australia, RapidPay is excited to announce that it will soon be offering buy-now-pay-later through its acquisition of QuickaPay.
RapidPay and QuickaPay will merge their technology to create a seamless experience for users. In addition to RapidPay’s market-leading capabilities in legal payments, RapidPay’s new buy-now-pay-later offering will allow law firms to take on more clients, reduce risk and minimise the need to chase clients for payments.
RapidPay’s BNPL product will be non-recourse to law firms and will work seamlessly with RapidPay’s other payment services and the law firm’s practice management platform.
Sydney, AU – 15 December 2021 – RapidPay, the leading provider of online payment solutions for legal practitioners, announced today that it has acquired QuickaPay, an online payments platform offering buy-now-pay-later (BNPL) services.
RapidPay, which is backed by ATI Global, and QuickaPay will merge their teams and technology to create a seamless experience for users. The collaboration will enable law firms using RapidPay to get paid faster by offering BNPL to their clients, in addition to RapidPay’s existing market-leading capabilities in legal payments.
“I am very excited about the combination of RapidPay and QuickaPay to deliver a dedicated payment and BNPL offering to the legal market,” said newly-appointed CEO David Wills. “We’ve listened to feedback from law firms who want to offer BNPL to support their clients and improve cash flow. Customer expectations around payments and funding options are changing quickly and we want to continue to offer the most suitable products to our legal and conveyancing client base.”
QuickaPay Founders Nathan Carroll and Nick Glynn said, “It was clear from our first interaction with RapidPay that we share a common mission to solve cash flow stress for small businesses. We as founders, and the QuickaPay team, are excited about joining RapidPay and ATI Global. We see a big opportunity to reduce friction in legal payments.”
Carroll and Glynn will continue in an executive capacity within RapidPay, alongside Wills and Ferdi Chavez, RapidPay’s General Manager. RapidPay’s new BNPL product will be available to selected clients through its exclusive integration with LEAP in the first half of 2022, with a full Australian launch of BNPL anticipated later in 2022.
RapidPay recently surveyed its law firm clients in relation to BNPL. Feedback was very positive with anticipated benefits for law firms including the ability to take on more clients, reduced risk and cash tied up in receivables and less chasing clients for payment. Anticipated benefits for clients of law firms include better access to legal advice and the ability to spread bill payments over time. RapidPay’s BNPL product will be non-recourse to law firms and will work seamlessly with RapidPay’s other payment services and the law firm’s practice management platform.
RapidPay’s mission is to solve cash flow stress for law firms. Since it was established in 2007, RapidPay has delivered a smarter way for law firms to get paid and is the trusted provider of financial services for the legal profession. RapidPay is owned by ATI Global and operates in Australia, the US and the UK.
ATI Global is the global leader in legal search and law practice management technology. The Group consists of a significant portfolio of Australian and international companies with a common mission of making legal practices more efficient and profitable through best-in-class technologies. The Group owns InfoTrack and several practice management brands including LEAP and Practice Evolve.
For more information, contact Ferdi Chavez, General Manager, at firstname.lastname@example.org.