Payright continues strong growth in merchandise value and customer acquisition

ASX Release: (ASX:PYR)

Australian-based buy now pay later (BNPL) provider of choice for higher-value purchases, Payright Limited, (ASX: PYR) (‘Payright’ or ‘company’), has delivered strong quarter-on-quarter (QoQ) increases in gross merchandise value (GMV1) and Total Customer2 numbers across Australia and New Zealand. The company continued the positive momentum into December 2020, generating ongoing growth in GMV and customer […]

Strong oversubscriptions push Payright raisings beyond $25m

Demand for shares in Payright Limited (Payright), Australian-based provider of choice for higher price-point buy now pay later (BNPL) solutions, has seen the company exceed its capital raising target of $25 million. The company closed its initial public offer raising at approximately $18.5 million, well above the underwritten allocation of $10 million. It follows Payright’s […]

A significant milestone for Payright

A significant milestone for Payright and prospective investors as we lodge a prospectus to list on the ASX. Our company specialises in providing merchants in Australia and New Zealand with both in-store and online BNPL solutions for the benefit of their customers, with a focus on higher-value, more considered purchases between $1,000 and $20,000. It […]

Grounded Kiwis sink holiday funds into their homes

MEDIA RELEASE

November 6, 2020 – With international travel on hold, a survey by buy now pay later provider Payright has found Kiwis are choosing to instead spend their holiday dollars on improving the look, feel and comfort of their homes. A poll of more than 500 New Zealanders shows the impact of COVID-19 and travel restrictions […]

Payright strengthens team, primes for growth

As a specialist in higher value transactions, from $1000 and up to $20,000 for considered purchases such as lifestyle and home improvement products and services – Payright operates in a space otherwise underserviced by other buy now pay later (BNPL) providers. The company has attracted 28 experienced professionals across sales, technology, operations, compliance and legal […]

Payright recognised for excellence at The International Business Awards

Payright’s successful growth strategy and achievements amid the challenging COVID-19 environment have seen the buy now pay later provider recognised with a ‘Bronze Stevie’ at the prestigious International Business Awards. The annual awards are contested by 3800 organisations globally. Piers Redward, co-CEO said it’s a significant achievement for the four-year-old business. “We’ve carved out a […]

Buy-now-pay-later competitor Payright raises $12 million, as COVID-19 drives “a new normal” in retail

Smart Company

Big-ticket buy-now-pay-later competitor Payright has raised $12 million in an oversubscribed capital raise, bringing its total funding to $60 million within just 18 months. Co-founded by brothers Myles and Piers Redward, Payright offers a buy-now-pay-later (BNPL) solution for items priced between $1,000 and $20,000, setting it apart from the likes of Afterpay, which has an […]

Afterpay-led buy now, pay later sector booms as more money pours in

Financial Review

The buoyancy of the listed buy now, pay later stocks is filtering into the private market, with Afterpay competitor Payright securing $12 million in a funding round led by wealth managers Escala Partners. It is the second local private BNPL fintech to raise funding in as many months, with white label BNPL business Limepay raising […]

Payright raises $12 million in oversubscribed equity capital raise

Australian fintech and buy now, pay later innovator Payright has completed its Series D capital raise, raising a total of $12 million, bringing the company’s total capital raise to over $60 million over the last 18 months. Led by wealth manager Escala Partners, the equity raise was oversubscribed with strong support from existing shareholders and […]

SPASA x Payright Webinar: Buy Now Pay Later Trends

This week, we speak to Lindsay McGrath, CEO of Payright Partner SPASA about trends in the payment space, including the growing customer need for Buy Now Pay Later options.

Payright partners with Leading Edge Group and Homemakers Furniture

Payright today announced two significant partnerships with major retail connectors and buying groups, Leading Edge Group and Homemakers Furniture. The brands have teamed up with Payright to bring the payment platform to their independent retailer networks. Under the new partnership, Leading Edge Group retailers and Homemakers Furniture stores around Australia will now be able to […]

Supporting you through COVID-19

Like many of you, we have been closely monitoring the evolving information and challenges that COVID-19 brings. As we all navigate the implications on the day-to-day, we want to assure you that Payright remains committed to empowering the continued success of our merchant partners as well as the health and happiness of our staff and […]

Payright supports AFIA Buy Now, Pay Later Code

Payright

Following the inquiry conducted by the Senate Economics Reference Committee, which recommended the development of a BNPL Code of Practice, AFIA and BNPL members have come together to propose the release of a Code of Practice for the BNPL sector. The six-week public consultation commenced in mid-January with the intent that the Code of Practice […]

Top10 Dynamic Entrepreneurs: The family duo behind Payright

dynamicbusiness.com.au

The brothers work together as the co-founders and joint CEOs of Payright, which is the latest payment plan provider in the market that targets products and services with higher price points. They identified a gap in the billion dollar ‘buy now, pay later’ industry and clearly other people agreed the gap should have been addressed […]

Australian buy now, pay later provider Payright sets its sights on global expansion with first leap into New Zealand

Anthill

Australian fintech and innovative payment plan provider Payright today announced its first international venture, extending its buy now, pay later service into New Zealand. Top brands including Saladmaster, Amway and Nutrimetics already on the platform in Australia will offer Payright in New Zealand, along with a number of photography studios. Other Payright Australian merchant partners with a New Zealand presence will follow in […]

Payright wins Fintech Business of the year

My Business Awards 2019

We are proud to announce that Payright was awarded the ‘Fintech Business of the Year’ award at the My Business Awards in Sydney on November 15. This award recognised us as the fintech business that has most effectively capitalised on market opportunities and embraced technology to drive business growth. We edged out some significant competition […]

New data reveals the boom in payments fintech as challenger Payright expands to New Zealand

Startup Daily

Australian payment plan fintech Payright is launching its buy now, pay later service in New Zealand in its first offshore foray. The buy now, pay later (BNPL) startup, typically for products prices between around $1,000 and up to $20,000, will start across the Tasman with direct sales companies Saladmaster, Amway and Nutrimetics along with photography studio clients. […]

Payright sets its sights on global expansion with first leap into New Zealand

Payright Press Release

Melbourne, Australia, 12 November 2019 – Australian fintech and innovative payment plan provider Payright today announced its first international venture, extending its buy now, pay later service into New Zealand. Top brands including Saladmaster, Amway and Nutrimetics already on the platform in Australia will offer Payright in New Zealand, along with a number of photography […]

High-end Afterpay rival takes its fight international

Australian Financial Review

Afterpay Touch will face increased competition across the Tasman as its up-market buy now, pay later (BNPL) rival Payright sets up shop in New Zealand. The competitor to the high performing WAAAX stock targets a different customer segment to that of Afterpay and other BNPL schemes like Zip and Humm, aiming for those with more […]

Payright, an Australian payment plan provider developed for merchants

Payright has raised AU$55M in total. We talked with Piers Redward and Myles Redward, brothers and founders of Payright. PetaCrunch: How would you describe Payright in a single tweet? R&R: Payright is a buy-now, pay-later provider with products that make purchases more affordable, by spreading out the cost over time, without ever paying interest. Payright […]

Payright rebrands to ‘Make Easy Happen’

Featuring a new suite of logos and website, the rebranding reflects the transformation of Payright. Australian fintech and payment plan provider Payright has unveiled its new branding and visual identity which represent the company’s values and ethos of ‘Make easy happen’. Featuring a new suite of logos and website, the rebranding reflects the transformation of […]

Payright founders detail merchant brand strategy

Buy now, pay later offering for higher value goods aims to win the business of Australian merchants ‘Buy-now/pay-later’ has been the breakthrough new service category of the Australian payments industry, with Roy Morgan research estimating more than 1.5 million Australians used one of the many services in 2018. Growth in the category shows no signs […]

Payright partners with Master Plumbers’ Association of Queensland (MPAQ).

Payright is pleased to announce a new partnership with Master Plumbers’ Association of Queensland (MPAQ). From emergency plumbing services to bathroom upgrades, Payright is well equipped to support businesses in the industry of all shapes and sizes, from sole operators to medium-sized plumbing companies and large contracting firms. We have developed a keen understanding of […]

Payright buy now, pay later now available online with e-commerce launch

Experian A/NZ acquires Australian fintech Look Who’s Charging to bolster open data offering Experian Australia & New Zealand today announces its acquisition of Look Who’s Charging, the Australian fintech startup which has solved the everyday frustrating problem of unrecognised bank transactions by providing instant clarification on the merchant behind a transaction. (L-R) Current view, Look Who’s Charging view, […]

Payright Launches E-Commerce Access

Payright Launches E-Commerce Access Buy Now Pay Later (BNPL) platform, Payright has moved into e-commerce by going online. It’s built-in with e-commerce platforms like Magento, PrestaShop, WooCommerce and Drupal. More platforms are set to launch in later months. In addition to the launch of its e-commerce platform, Payright has also unveiled its new branding and […]

Payright hopes funding now pays off later

The Australian

Melbourne-based “buy now pay later” outfit Payright is making the most of the “Afterpay effect”, raising fresh funds to expand its loan book and merchant footprint. While the likes of Afterpay and Zip are focused on helping consumers buy small-ticket items (average cost $150) on lay-by, Payright is serving a different segment of the market, […]

Australian POS financing startup Payright raises $30+ million

Mozo

The buy now, pay later market is experiencing a bit of a boom. Aussies have come to appreciate the convenience and affordability of post-pay services, and merchants have waxed fanatical about speedy turnovers. Touted as an interest free alternative to a credit card, they’re whipping Aussies into a spending frenzy.

Afterpay rival Payright targets larger purchases with $30m funds raised

Financial Review

The company has largely flown under the radar in the sector, with $4.7 billion-valued ASX-listed Afterpay its most prominent rival. But PayRight is pitching itself as an option for retailers and service providers of bigger ticket items, rather than smaller impulse buys like clothing.

Buy-now-pay-later startup Payright raises $30 million for filling a gap left by Afterpay and Zip

Smart Company

Having doubled their revenue quarter-on-quarter last year, and raised a total of $30 million in debt and equity funding, big-ticket buy-now-pay-later alternative PayRight is readying for international growth.