Australian entrepreneur Domm Holland has defied an evaporating venture capital market to secure a $US20 million ($30 million) investment into Fast, his start-up promising one-click online logins and checkouts to e-commerce sites.
The backing from payments platform Stripe was finalised in the week commencing March 16, and according to Mr Holland the deal was not renegotiated despite the financial market volatility as shutdowns to combat the spread of coronavirus took hold.
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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au