Projects } TBK Capital

Payport - Online Shipping & Payment Portal

As online shopping continue to boom, shipping goods out to customer efficiently and getting paid remains a challenge. Payport addresses these problems with two products that can be standalone or integrated together.

As online shopping continue to boom, shipping goods out to customer efficiently and getting paid remains a challenge. Payport addresses these problems with two products that can be standalone or integrated together.

  • An online freight booking aggregator and  freight management system;
  • and an online credit card payment gateway.


Payport Limited was founded in 2011. It currently has more than 300 B2B and B2C customers, and has revenues of about $500,000 per year, mostly in domestic parcels.  .

It is managed by a strong team. Jimmy Wu is the majority shareholder and director. The CEO is Eva Lai, an experienced executor, having a solid track record on start-ups and has held senior roles in a number of public listed and Fortune 500 companies. CTO Jimmy Chen was a China Post IT team leader and CFO Warwick Russell, is the ex CFO of public listed Freightways Group.


Payport has entered into partnership agreement with Posthaste, Castle Parcels, and NOW Couriers. This provides a nation-wide service covering 360 cities and towns in New Zealand servicing 99% of the population. Payport also has access to a network of 1,000 couriers, 54 line-haul vehicles and 5 cargo aircraft through their domestic partner network.

It also has an exclusive partnership agreement with the New Zealand subsidiary and investment arm of Singapore Post whose investors including NYSE listed Alibaba Group. Through Singapore Post Payport has access to international and domestic carriers such as EMS worldwide, SpeedPost in Singapore and CourierPlease in Australia. Using Singapore as an international hub, freights are distributed around the world via international postal, mail, courier, sea and air freight services. This enables Payport to provide a full international service covering over 200 countries at very competitive prices.

On the payment side, Payport has entered into a partnership agreement with Paymark, New Zealand’s leading EFTPOS and credit card payments provider.

Payport has also developed a Point Of Sale system and is partnering with some of the leading convenience stores and service stations in New Zealand.  It for use by these stores to provide Parcel services, offering O2O (Online to Offline) and C2C (Consumer to Consumer) services.

Tapping into existing stores is a very economical way for Payport to establish a physical presence very quickly. There is no rental cost, no staffing cost, no utilities cost, and minimal fit out cost. It also gives free point of sale exposure and brand recognition to Payport.

Meanwhile the store owners generate extra income from their share of the revenue from the sale of courier services.  Payport will also drive foot traffic to their stores. It’s a win-win situation for both the store and Payport.

Payport is scheduled to roll out 60 “ParcelPort” stores nationwide in 2015, with up to 600 more throughout New Zealand in the pipeline. By comparison NZ Post currently has 880 post shops, 609 of which are host businesses and 138 of which are under agency agreement.

Payport has also entered into a partnership agreement with the TV shopping channel Yes Shop (Sky TV Channel 26 and Freeview Channel 21) by referring merchants (existing Payport customers) to Yes Shop in return for securing more courier businesses.

Expansion Plans

The New Zealand domestic parcel market alone is worth $810 million per year, or half a million parcels per day, with only 6.2% of all retail business currently online. The domestic freight market is set to grow by 10 million parcels (or $50 million to $60 million in sales) in the next five years.

A significant amount of growth will come from international parcels, a service which Payport recently launched. While international parcel volume is a fraction of the domestic volume, international parcels have a much higher average price.

Payport will also launch an online shopping portal. The viability of a shopping portal business is dependent upon the number of sellers. Existing customers of Payport, who are already backbone sellers on other platforms such as Trademe and GrabOne, will supply goods for sales at the Payport shopping portal, instantly providing content/inventory for the Payport shopping portal website.

Online shopping has the potential to dominate the parcel service. For example Amazon ships 4.5 million packages a day, about half of the volume that FedEx Ground does in a given day.

The company is inviting investor(s) to join the current shareholders and provide working capital to continue to expand the B2B and B2C domestic parcel business, the new international parcel business, and the C2C parcel business.

It is seeking to raise $1 million by the issue of ordinary shares for 20% of the company. An IM is available now upon signing confidentiality agreement. For a copy  email or give me a call.


The above investment is not an offer of financial products that requires disclosure under the Financial Markets Conduct Act 2013 (Act) and is available only to wholesale investors as defined in Schedule 1 of that Act (other than any person who is only a "wholesale investor" under clause 3(3)(b)(i) or (ii) of Schedule 1 of that Act). It is intended for distribution only to selected people to whom, under the relevant laws, it can be lawfully distributed. It cannot be distributed in any other jurisdiction, or to any other people. It is not an offers or solicitation in any jurisdiction in which such an offer or solicitation is not authorised, or in which the person making such offer or solicitations are not qualified to do so, or to any person to whom it is unlawful to make such an offer or solicitation. Any representation to the contrary would be unlawful. No action has been taken by any person that would permit a public offering in any jurisdiction where action for that purpose would be required.



John Paine B.Sc., Dip BIA
TBK Capital Limited
Level 15, BDO Building
120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Fax +64 9 309 4519
Mobile +64 21 902 901


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