QPay Net Worth 2024 Update (Before & After Shark Tank)

QPay, a student marketplace and payments app, was started by Andrew Clapham, Moe Satti, & Zakaria Bouguettaya in 2013. As of January 2024, QPay net worth is $10 million and they were annual revenue $10.5 million in 2021. 

In 2018 July, they appeared on season 04 of Shark Tank Australia and made a deal with Steve Baxter and Naomi Simson, $380,000 for 8.4% of equity. The final valuation was $4.5 million, same from the founder’s initial estimate of $4.5 million.

As of 2024 January, the company is still in business. You can get services using their website.

QPay Net Worth

Net worth$10 million
Annual Sales Revenue$10.5 million (In 2021)
Profits
Lifetime sales
InvestorsSteve Baxter and Naomi Simson
FounderAndrew Clapham, Moe Satti, & Zakaria Bouguettaya
Employees1-20 employees

QPay Net Worth Timeline

Net Worth 2024$10 million
Net Worth 2023$9.5 million
Net Worth 2022$9 million
Net worth valuation 2018 after appearing on Shark Tank  $4.5 million
Net worth valuation 2018 before appearing on Shark Tank  $4.5 million

QPay Pitch on Shark Tank

Company nameQPay
ProductStudent marketplace and payments app
EpisodeSeason 04 Episode 13
Founders Andrew Clapham, Moe Satti, & Zakaria Bouguettaya
Asked for$380,000 for 8.4% Stake
Final deal$380,000 for 8.4% Stake (Share)
SharksSteve Baxter and Naomi Simson
LocationSydney, New South Wales, Australia

Don’t miss these product from Season 04

QPay Founders

QPay was founded by Andrew Clapham, Moe Satti, & Zakaria Bouguettaya in 2013. Andrew Clapham, Moe Satti, and Zakaria Bouguettaya aim to attract many students by using features like sending reminders, updating weekend spending limits, and encouraging users to check their balances regularly. QPay’s founders, Andrew Clapham, Moe Satti, & Zakaria Bouguettaya, have a net worth of 9.16 million USD as of 2024.

Key accomplishments

YearAccomplishment
2018The company appeared on Shark Tank Season 04 Australia.
2023As of 2023, the company earned $10 million worth.

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for QPay and its continued success.

Also if you want to read further details about QPay, Read here : Qpay-What happened to The Highest Earning Business in Australian Shark Tank?