Payright nominated for DSA Industry Awards

Direct Selling Australia

Friday 13th May – Direct Selling Australia, the country’s leading representative body for retail direct selling, is proud to announce the finalists for the 2022 DSA Industry Awards. “The 2022 DSA Industry Awards are designed to recognise and celebrate the incredible resilience experienced in the direct selling channel over the past tumultuous 12 months. The […]

Payright makes the Australian Financial Review’s Fast 100 List

29 November 2021, Melbourne, Australia Payright, has been named number 41 on the Australian Financial Review’s (AFR) Fast 100 list for 2021. The AFR Fast 100 list tracks the fastest 100 growing companies in Australia, reviewing criteria including revenue, business model and time in business. Payright was chosen as the 41st fastest growing company in […]

Still space to grow in BNPL

rfigroup.com

The Buy Now Pay Later (BNPL) market may have attracted a host of new players in recent times, but it still offers plenty of opportunities to those involved, attendees of RFi Group’s virtual Australian Banking Innovation Summit 2021 heard yesterday. Surin Fernando, vice president and head of products and innovation at Mastercard, noted that despite […]

Payright experiences very heavy trade on positive market update

pcworld.idg.com.au

Payright Ltd (ASX: PYR) shares traded at 15 times their normal volume today after the company released a trading update for the first quarter of financial year 2022. The company announced its fifth consecutive quarter of growth, as well as an improvement to its credit quality. Shares were trading up to 30% higher in heavy […]

Payright sign finance partnership with O’Brien Group

30 September 2021 Media Release Melbourne, Australia: Buy now pay later (BNPL) provider, Payright Limited (ASX: PYR) (‘Payright’ or ‘the Company’), has signed an agreement to be the primary finance partner of O’Brien Group’s Electrical & Plumbing division.   Key highlights include: Payright to be primary finance partner with O’Brien Group’s Electrical & Plumbing division […]

Payright wins two Silver Stevies for its Fintech Solution and Achievements in Finance in the International Business Awards

Melbourne, Australia – 16 August 2021 – Buy now pay later (BNPL) provider, Payright, has won two silver Stevie Awards for its Achievements in Finance and Fintech Solution in the 18th Annual International Business Awards. The International Business Awards is the world’s premier business awards program. The 2021 IBAs received entries from organisations in 63 […]

Payright enters into a partnership with Mint Payments

stockhead.com.au

The buy-now-pay-later (BNPL) company has entered into a partnership with Mint Payments to integrate Payright’s BNPL solution into its online payments processing system. Under the terms, Mint Payment’s 7,000+ merchants will have access to Payright’s BNPL solution for eCommerce and in-store transactions. Read the full article at stockhead.com.au

Mint Payments partners with BNPL operator Payright

www.itnews.com.au

For online and in-store purchases. Mint Payments will integrate buy now pay later provider Payright into its online payments processing system under a new partnership. Over 7000 retailers that use Mint Payments services will now have be able to enable buy now pay later (BNPL) for e-commerce and in-store purchases. Mint Payments is an Australian […]

Payright records 134pc growth in GMV for Q4 FY21

themarketherald.com.au

Payright (PYR) has achieved another record quarter of gross merchandise value (GMV) for the June 2021 quarter. Compared to the prior corresponding period (being the June 2020 quarter), the buy now, pay later company recorded a 134 per cent increase in GMV to $26.1 million. For the month of June alone, the company achieved a […]

Payright’s record quarter

stockhead.com.au

Payright announced today that it surpassed guidance in all key metrics during the last quarter. The company delivered a record gross merchandise value (GMV) of $26.1 million for the quarter, up 134 per cent on the prior year period (pcp). Total customers were up by 58% on pcp to around 53,400, while total merchants signed […]

Things going right for Payright

ausbiz.com.au

“We’re very proud of the results we’ve put out to market and we’re looking forward to our future. All key measures of performance measurements including gross receivables, merchant and customer count are all trending up… The track record speaks for itself” Watch Co-CEO Piers Redward, speak on ausbiz about our recent trading update and the […]

The Payright (ASX:PYR) share price is soaring 12%. Here’s why

The Motley Fool

The Payright Ltd (ASX: PYR) share price is soaring today after the company delivered both a record month and a record quarter. The Australia-based buy now, pay later (BNPL) provider released an overview of its results from the quarter ending March 2021 this morning. It was met with enthusiasm from investors. The Payright share price reached an intraday high of […]

Payright launches Bill Smoothing to aggregate utilities and annual expenses with BNPL

thesentiment.com.au

Where annual expenses such as vehicle registration and insurance can be hefty charges when due for renewal, fintech company Payright (ASX: PYR) has launched its new Bill Smoothing product enabling users to pay off these expenses over 3 months. The Buy-Now-Pay-Later functionality enables users to capitalise on discounts offered by service providers when paying the […]

Doing right by customers is right for business, says Payright

Payright Limited welcomes today’s release of a world-first buy now pay later (BNPL) industry code of practice as validation of the company’s commitment to stringent customer protections as the basis for sustainable performance. The company has been announced as a Code Compliant Member of AFIA’s BNPL Code of Practice. It follows Payright’s role as a […]

Price Query

Dear Isabella, Re Price – Query We refer to your letter of 16 February 2021 to Payright Limited (Company) and adopting similar paragraph numbering and defined terms as contained therein we respond as follows: No. The Company is not aware of any information concerning it that has not been announced to the market which, if […]

Series 7 Loan Notes to accelerate growth of Payright loan book

Devizo Finance Pty Limited (Devizo Finance), a wholly owned subsidiary of Payright Limited (ASX: PYR) (‘Payright’ or ‘company’), has secured an exclusive agreement with iPartners Nominees Pty Ltd (iPartners) for them to act as Placement Manager for an additional Series of Loan Notes pursuant to Payright’s Loan Note funding programme. The new Series 7 Senior […]

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 […]

Payright completes successful IPO and commences trading on the ASX

Australian-based buy now pay later (BNPL) provider of choice for higher-value purchases, Payright Limited, (ASX: PYR) (‘Payright’ or ‘company’), is pleased to announce the successful completion of its Initial Public Offering (IPO) of new shares, and the company’s listing on the Australian Securities Exchange (ASX). The company’s shares are expected to commence trading on the […]

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 […]

Payright welcomes Competition Tribunal ruling for energy sector merchants and consumers

Payright

  Payright co-CEO, Piers Redward, described the ruling as a “win for providers of alternative energy solutions such as solar power, and a win for their customers. “While consumers tend to take a medium-to-long term view when considering whether to invest in solar, at up to $10,000 for 10kW of power it can present 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 pays off for Melbourne brothers and joint CEOs, Myles and Piers Redward

The Retailer

Myles and Piers Redward share the CEO position of thriving Australian buy now, pay later company Payright, which they established together in 2016 when they identified that a large number of merchants and retailers with higher-priced products and services were massively underserviced. Both Myles and Piers career extends across the business and consumer finance sectors. […]

Payright debuts on The Australian Financial Review’s Fast Starters list

At Payright, we along with many others continue to face into the challenges presented by the current COVID-19 pandemic. We are, however extremely pleased to have been recongnised in The Australian Financial Review’s Fast Starters list which was announced in March this year. This is Payright’s first appearance on the prestigious list and the company […]

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 […]

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.