business insider article

http://www.businessinsider.com.au/these-are-the-digital-payments-companies-operating-in-australia-that-will-worry-the-major-banks-2014-3#payments_mintwireless

Mint Wireless

Founded: 2006
Headquarters: Sydney, Australia
Founders: Alex Teoh, Andrew Teoh
Funding: $500,000 until an August 2007 ASX listing that raised $8.7 million

Like Square in the US, Mint Wireless builds credit and debit card readers and white-label commerce and payments apps for sole traders, taxi drivers, tradies, sales people and others.

Its share price has grown 87.5 per cent to $0.30 since listing; most of the gains were made last year.

Founders said they initially found it difficult to convince banks, telcos and resellers to get on board but Mint now expects the mobile payments market to grow 185 per cent to $20 billion in the three years to 2017.

The company posted a 217 per cent rise in revenues to $960,000 last financial year, and a net loss of $3.415 million - an improvement on the $4.65 million lost in 2012.