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Posts in Uncategorized

Fake invoices caused $8.7m hit and collapse of Sydney hedge fund.

November 23rd, 2020 Posted by Uncategorized 0 thoughts on “Fake invoices caused $8.7m hit and collapse of Sydney hedge fund.”

A Sydney hedge fund has collapsed after a cyber attack triggered by a fake Zoom invitation saw its trustee and administrator mistakenly approve $8.7 million in fraudulent invoices.

NSW police are investigating the matter as digital crime experts report a spike in attacks on hedge funds and private equity firms this year, as informal checks were weakened due to staff working at home as a result of the pandemic.

The Australian Financial Review has been told of another fund which lost $25 million in client money from a similar cyber attack, while the trustee for another firm blocked a $1.8 million transfer after the fake invoice was spotted.

Read more at The Australian Financial Review

Gobbill flying at 2,025% growth rate under Covid, is debt free and on track to be profitable. Pitches at EIE20 UK for 2021 plan.

October 15th, 2020 Posted by Uncategorized 0 thoughts on “Gobbill flying at 2,025% growth rate under Covid, is debt free and on track to be profitable. Pitches at EIE20 UK for 2021 plan.”

Source: The Herald Scotland 15 Oct 2020, Victoria Masterson

Picture: Michael Pollitt (left – UK Business Development Manager ) and Shendon Ewans (right – Chief Executive ) at Royal Bank of Scotland head office Gogarburn. Photo by Stewart Attwood

AN AUSTRALIAN fintech company hopes to raise £2 million to fund a UK roll-out after pitching to more than 200 investors in Scotland.

Melbourne-based Gobbill was one of 50 companies pitching yesterday for amounts of between £250,000 and £5 million at the virtual technology investor showcase, Engage Invest Exploit 2020.

Almost 1,000 attendees were registered for the event, around a quarter of them investors from Scotland, the rest of the UK, Europe, North America and Asia-Pacific.

Mr Ewans said Gobbill had increased its monthly recurring revenue in Australia by more than 2,000% in the nine months since January 2020 and was looking to launch in the UK because it had the world’s second highest incidence of fraud and scams after America.

“Payment fraud and scams have grown seven fold in the UK over the last three years,” he said. “But since COVID hit, in the month of March alone it grew something like 400%.”

In March this year, Gobbill was accepted into the NatWest and Royal Bank FinTech Accelerator, which operates from locations across the UK. The company chose to be based out of the network’s Accelerator Hub in St Andrew Square, Edinburgh, but has yet to move in because of the Covid-19 lockdown.

Read more The Herald Scotland

Closed on Public holidays

October 9th, 2020 Posted by Uncategorized 0 thoughts on “Closed on Public holidays”

Gobbill is closed on the following Public Holidays

Can you spot a scam?

August 17th, 2020 Posted by Internet Safety, Payments, Staysmartonline, Uncategorized 0 thoughts on “Can you spot a scam?”

Welcome to the National Scams Awareness Week 2020! 

(Australia and New Zealand)

Gobbill has been a strong supporter in protecting people from against fraud and scams since 2015. We are proud to be a campaign partner for this year’s National Scams Awareness Week. 

Throughout this week, we will be raising awareness of scams and frauds. We will focus on Phishing and Email Compromise. These are two areas of scams that Gobbill has extensive experience in confronting.  

To kick off the week, we have posted a quiz titled Can you spot a scam?’ on our Instagram page.

If you are here to read the explanations, please keep reading.

If you have not done the quiz, hop off this page and come back to this page for the explanations. 

  1. Optus – This is a real email bill from Optus. Optus does send from cloudmails.net and they do personalised the email to the account holder.   
  2. ANZ –This is a Scam. The sender anzhost.org is fake and the email is not personalised. 
  3. DocuSign – This is a Scam. An email from DocuSign will have the sender’s email and details above the general text. Tricky one!   
  4. Xero – This is a real email and invoice. The email is from the correct sender and the email is correctly personalised to the recipient.  As a scammer, this would be one of the easiest to use; to change the link or attachment and have something quite malicious for the victim.

How did you go? Scam emails or texts can look extremely authentic and convincing through replicating legitimate messages from trusted senders. 

These scams often feature official looking logos and emails and a ‘call to action’ to open a malicious link or share personal information. That’s why Gobbill has developed automated checks of domains, links and much more over the last 5 years. Gobbill fetches and/or opens attachments safely so you don’t have to.  

We do this for all Australian billers including telcos, councils, utilities and many more. 

We process payments to over 40,000 billers with over 1m+ Australians already having access to Gobbill’s payment platform.

For more information, contact us at: https://gobbill.com/contact/ 

Turning 5 years old during a pandemic

June 17th, 2020 Posted by Uncategorized 0 thoughts on “Turning 5 years old during a pandemic”

In the midst of “Business As Unusual” Gobbill is growing.

Gobbill has been helping households and small businesses across Australia since 2015 and is celebrating its 5th birthday next month.

In these uncertain and unusual times, the company is currently positioned to grow in 2020/21 and we’re excited to keep growing our customer base, product features and team.

Thank you to all our loyal customers, partners, staff and shareholders.

Reported Covid-19 scams have now reached $700,000 with a spike in puppy scams

May 19th, 2020 Posted by Uncategorized 0 thoughts on “Reported Covid-19 scams have now reached $700,000 with a spike in puppy scams”

Scamwatch reports 2,000 COVID19 scams with losses now more than $700,000. This is only the reported figure with unreported figures accounted for.

There has been also a spike in ‘puppy scams’ during coronavirus lockdown reaching $360,000. “A lot of people are stuck at home and going online to buy a pet to help them get through the loneliness of social isolation,” ACCC Deputy Chair Delia Rickard said. “Unfortunately the rush to get a new pet and the unusual circumstances of COVID-19 makes it harder to work out what’s real or a scam.”


COVID-19 has been a hot bed for fraudulent activity with scammers targeting those in search of a furry companion reports 9News.


Don’t get done by those puppy eyes…
For more information, visit ACCC’s report.

Gobbill is a partner of StaySmartOnline since 2015, a cybersafety initiative of ACCC Consumer Rights.

International Women’s Day 2020 – Insights into how successful young women build wealth and independence. Simple and effective tips.

March 10th, 2020 Posted by Uncategorized 0 thoughts on “International Women’s Day 2020 – Insights into how successful young women build wealth and independence. Simple and effective tips.”

Photo of Gabi, Gobbill user.

Setting goals and being in control of her finances has helped Gabi build wealth and achieve greater financial independence. We asked Gabi to sit down and answer a few simple questions in order to share her experiences and insights with others.

  • Who has influenced you the most about money management? 

Definitely Robert Kiyosaki through his book “Rich Dad, Poor Dad”- he taught me the importance of assets and investments for passive income. Also, Tony Robbins – his personal development series taught me a lot about discipline and goal setting which I then applied to saving and investing.

  • How would you describe your relationship with money?

I think a little controlling! My family didn’t have a lot of money growing up so the need to have savings has always been a high priority for me.

  • How has your relationship with money changed over the years?

I have actually become more relaxed about it, and now enjoy spending it much more than I used to! I think it is important to save for the future, but also enjoy the fruits of your labour in the present. You need a good balance.

  • What advice would you give others? i.e. women wanting to better at managing money…

Absolutely do a budget, and separate your money – the Barefoot Investor has a great ‘bucket’ method for this, where you separate money for essentials, luxuries, and savings into different accounts. It gives incredible peace of mind and no ‘savings shock’ at the end of the month (which is what I call it when you’ve spent more than you thought in a month and eaten into your savings). Also invest in some assets, no matter how small an amount you can manage – you can start with some simple managed funds and work up to shares or property from there.  I also have a list of goals, with savings plans attached to them.

  • What does financial wellness mean to you?

Being able to pay for whatever I need without worrying about it, but also knowing my limits and how going over these will impact my long-term financial goals.

  • What are your financial goals?

Long term, to pay off our home and have a comfortable retirement. Medium term to travel and improve our house. Short term to go to my friend’s wedding in New York in 2020!

  • How does using Gobbill help you manage your finances?

It’s a “set and forget” method similar to the savings buckets. I have Gobbill linked to the bank account I use for essentials, so I know that I always have enough money to pay my bills, and then Gobbill makes sure the payments are made on time. It’s pretty much an automatic system!

Find out more about how Gobbill can help you manage your bills and improve your financial well-being, contact Erica at erica@gobbill.com.au or call 0444 599 715.

Visit gobbill.com

erica gilmore

Grow in 2020 @ AAT – Gobbill Roadshow

February 11th, 2020 Posted by Uncategorized 0 thoughts on “Grow in 2020 @ AAT – Gobbill Roadshow”

Gobbill will be joining our partner AAT in this year’s Roadshow.

We’ll be covering the topic of “Reducing the burden of compliance using technology to scale and grow. “

Other key topics covered are:

  • myGovID – Your passport to Government services
  • Expanding opportunities and revenue
  • Delivering advisory services with technology
  • Office 365 for bookkeepers
  • Staying on top of your game
  • Superannuation changes

February
Perth Fri 14th
Sydney Mon 17th
Melbourne Thu & Fri 21st
Brisbane Mon 24th

Register with AAT

If you’d like to catch up with our Gobbill staff at various locations, please contact erica@gobbill.com.au

What’s the fuss about crypto-currencies? This is the best month to learn about it.

January 22nd, 2020 Posted by Uncategorized 0 thoughts on “What’s the fuss about crypto-currencies? This is the best month to learn about it.”

What’s the fuss about cryptocurrencies?

Within a week, there have been a number of articles based on various reports from APRA and RBA on the topic of cryptocurrencies (or digital currencies and coins).

The Sydney Morning Herald reports that APRA could oversee Facebook’s controversial cryptocurrency play Libra.

The Australian says that RBA looking at potential Aussie cryptocurrency for faster payments.

So what’s all the fuss about cryptocurrencies? Now’s the best time to find out more.

Gobbill and Cointree have teamed up to provide a getting started guide to coins.

With your coins, try paying your bills this month with our promotion.

  • Fee FREE. Bill payment with coins will be transaction fee free. Normally there is a % charge of the bill value.*
  • Get $10 dollars. Receive $10 worth of coins when you sign-up for a new account and purchase coins.*

*See conditions.

For further details, refer to Cointree Pay your bills with crypto

About Cointree

Cointree is a digital currency exchange here to make cryptocurrency easy for everyone. Founded in Melbourne in 2013, we service over 60,000 members and have processed over $100 million in successful transactions. We are an Australian Blockchain Industry Awards 2019 finalist for best digital currency exchange and members of Blockchain Australia. Cointree is on a mission to educate and excite Australians about digital currencies, providing all the vital tools to buy, sell, pay bills, exchange, and grow their investment portfolios.

Cointree is a registered digital currency exchange with AUSTRAC (the Australian Government regulatory and monitoring body for AML/CTF) and a partner of the not-for-profit Blockchain Centre.

See conditions.

Plenty to smile about when you’re on top of your bills and cash flow.

January 19th, 2020 Posted by Uncategorized 0 thoughts on “Plenty to smile about when you’re on top of your bills and cash flow.”

Photo of Dr. Paul O’Keefe, Practice Owner of Premier Health Partners

Paul is a small business owner who has overseen the growth of his clinic from humble beginnings to what is now a fully multi-disciplinary medical clinic, combining osteopathy with general practice, physiotherapy, myotherapy, clinical psychology, dietetics and remedial/sports massage.

As his practice grew, Paul was spending more time and energy on managing his accounts payable. Instead of closing up for the day and spending time with his family, he would be sorting out admin. Paul heard about Gobbill from one of his patients. Since signing up and using it for a while, here’s what he has to say:

“Gobbill takes the stress out of bill payments for my business. Once the account is setup everything is totally automated. I just email bills to my Gobbill account and I know they’ll be digitised and paid on time and that Gobbill will check for any duplicate or fraudulent bills. Every few weeks I log in and sync bills to Xero, and that’s my whole accounts payable process done as simple as that.

Gobbill has saved me heaps of time and makes bill payment so easy. It’s a part of my business I don’t even think about anymore, you just set and forget it and know everything is being done right. I would recommend Gobbill to other business owners out there looking for a solution to their accounts payable process.”

By automating the accounts payable aspect of his business using Gobbill, Paul has been able to save time and effort on admin. It helps him to manage his cashflow with maximum control and minimal effort. Gobbill saves business owners up to 70% of their time spent on managing their accounts.

Find out more about how Gobbill can help your business, contact Erica at gobbill@gobbill.com.au or call 0444 599 715.

Visit gobbill.com