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How this reluctant CEO sold his company for $600m

How this reluctant CEO sold his company for $600m

When Payapps co-founder Geoff Tarrant was selling his software company early last year, he was given some sage advice: “it’s not Canva”.

Payapps co-founder Geoff Tarrant is better known for his investment banking career than his success as a co-founder. Luis Enrique Ascui

Geoff Tarrant describes himself as the “reluctant CEO”. Unlike those entrepreneurs who seem destined to run their own companies, having hustled since they were toddlers running lemonade stands, Tarrant was a sporty, sensible kid. He only studied commerce after his father persuaded him to try something other than playing AFL for his beloved Richmond Tigers.

Tarrant didn’t set out to be a co-founder of construction payments company Payapps, much less lead it to a $600 million sale early last year. When he stepped in to run the business in 2020 after six years as an investor, he was plagued by self-doubt.

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Yolanda Redrup
Yolanda RedrupRich List editorYolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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Original URL: https://www.afr.com/wealth/people/how-this-reluctant-ceo-sold-his-company-for-600m-20241219-p5kzl7