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.
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QPay Net Worth
| Net worth | $10 million (2025) |
| Annual Sales Revenue | $10.5 million (2025) |
| Lifetime sales | Not available |
| Investors | Steve Baxter and Naomi Simson |
| Founder | Andrew Clapham, Moe Satti, & Zakaria Bouguettaya |
| Employees | 1-20 employees |
QPay Pitch on Shark Tank
| Company name | QPay |
| Product | Student marketplace and payments app |
| Episode | Season 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) |
| Sharks | Steve Baxter and Naomi Simson |
| Location | Sydney, 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
| Year | Accomplishment |
| 2018 | The company appeared on Shark Tank Season 04 Australia. |
| 2023 | As 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.