Pinch Payments
“Can invoice-native payments automation for Australian accounting-software users become the payfac backbone for APAC software platforms under Fiserv?”
Founded2017
HQBrisbane, Queensland, Australia
Latest roundAcquired by Fiserv (April 2025)
IndustryInfrastructure / Payments
The story
Pinch Payments started in 2017 as an invoice payments automation tool tightly integrated with Xero, MYOB and QuickBooks for Australian service businesses. It evolved into a payment facilitator serving 2,000+ merchants across Australia and New Zealand, and built Glassbox, a Payfac-as-a-Service offering for software platforms. In April 2025, Fiserv acquired the company to accelerate Clover expansion and embedded payments across APAC.
Last 12 months
Product timeline
2017
Founded in Brisbane as an invoice autopayment / direct debit and card payments technology provider for Australian SMBs.· banking
2020
Launched Glassbox, a Payfac-as-a-Service platform enabling software platforms to facilitate payments and manage merchant partnerships.· pivot
2025
Acquired by Fiserv to strengthen APAC presence and expand Clover payment offerings.· acquisition
The stack
2 layers disclosed in Pinch Payments’s embedded-finance stack
Payments / PSP
Pinch Payments (self-operated)
Accounting
in the full report
Accounting gap: none
3 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.