QPay is a fintech platform that simplifies payments for college students and university clubs. It offers event ticketing, merchandise sales, and cashback rewards through an easy-to-use mobile app.

Imagine effortlessly paying for campus events, splitting bills with friends, and earning cashback—all in one place. QPay appeared on Shark Tank Australia in 2018, securing a $380,000 investment from Naomi Simson and Steve Baxter for 8.4% equity.

The exposure helped QPay expand its services and gain thousands of student users across Australia, the UK, and the US. As of 2025, QPay continues to operate successfully, processing millions in transactions.

QPay Net Worth

Net worth$10 million (2025)
Annual Sales Revenue$10.5 million (2025)
Lifetime salesNot available
InvestorsSteve Baxter and Naomi Simson
FounderAndrew Clapham, Moe Satti, & Zakaria Bouguettaya
Employees1-20 employees

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

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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 million USD as of 2025.

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.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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