iPromise to pay: beating the late payment curse

iPromise to pay: beating the late payment curse
iPromise co-founders Matt Peacock and Paul Veric. (Image: iPromise)
Greg Hurrell
Around a decade ago, self-employed engineer Matt Peacock decided he’d had enough of chasing late payments and writing off bad debt.That eventually led to the creation of iPromise, a software as a service startup that hopes to change the way small and medium businesses are paid for their services.Peacock spent years researching escrow payments, a concept that goes back to mediaeval times. This means that a neutral third party holds on to the payments in a transaction until both the buyer and seller have fulfilled their obligation...

More Technology

Korean explosions show hard road to hydrogen economy
Technology

Korean explosions show hard road to hydrogen economy

A hydrogen economy needs a market and a social licence to operate.

AI reaches the Employment Court
Law & Regulation

Rachael Judge: AI reaches the Employment Court

Litigants should take care to ensure that AI is used appropriately.

Trade Window sees ebitda breakeven for FY26
Markets

Trade Window sees ebitda breakeven for FY26

The company has shaved costs, grown revenue and benefited from trade turmoil.

Pattrick Smellie 29 May 2025
One NZ eyes regular fee reviews as connections plateau
Markets

One NZ eyes regular fee reviews as connections plateau

One NZ is increasing its margins and revenue per user even as new connection growth slows.

Dileepa Fonseka 29 May 2025