Reinventure, the corporate venturing subsidiary of financial services provider Westpac, is in talks with Australia-based mobile payment services provider Beat the Q, according to Financial Review.
Beat the Q has developed a platform that enables customers to pay for the food and drinks on their way to a café rather and speed up the process of collecting their order.
Beat the Q is reportedly also in talks with private equity firm Exto Partners for an investment.
The company has not disclosed what amount it is seeking to raise for the new round. Previously, Beat the Q secured an undisclosed amount of funding from angel investors.