Tag: Pygg

It also found the majority of respondents (65%) were prepared to throw away at least $20 instead of having to chase a friend for the cash, with some saying they would even risk $100 to avoid the awkward follow-up. Money is tight for everyone right now but for some reason, Aussies still find it awkward, annoying, frustrating or even too risky for their friendships to chase friends for cash.

But Pygg’s market opportunity arises largely because banks are, well, banks. Even though most banks offer a variety of mobile transactions, they are hardly easy to use. A maze of links, codes and authentication, and sometimes having to remember a friend’s phone number etc., riddle the user. And then there is the cost a well.

Pygg’s stock is rising. The Australian-born Twitter payment pioneer has banked $600,000 in new angel capital. Pollenizer, the startup incubator, raised most of the amount from a bunch of new and previous investors.