Payright

Raised $60m across debt and equity in 18 months.

Henslow has worked with Payright from Series A-D providing capital raising and corporate and strategic advice, constantly fuelling the next phase of growth.

Additional referrals and repeat business for merchants on a platform with responsible lending principles.

Founded in 2016 by brothers Piers and Myles Redward, PayRight is an Australian Buy Now Pay Later provider. It helps merchants accelerate return-on-effort and makes things more affordable to consumers, by spreading the cost of purchases over time, without ever paying interest. Through a mixture of debt and equity raise including professional, sophisticated and institutional investors, Payright is able to expand operations, further develop their technology platform and enter into new markets.

The Highlights

  • $58m

    Capital Raise

  • 1,800+

    Merchants Signed

  • $27m

    Series D

The market has seen significant opportunity driven by growing merchant awareness and consumer confidence in alternative payment methods. Raising capital has enabled Payright to accelerate merchant acquisition, platform development and geographical expansion. We continue to support the company’s strong growth profile.

We are grateful for the support received from our key strategic partners and investors who have all made a significant contribution to the emergence of Payright as a meaningful participant in the Buy Now Pay Later sector

Co-founder and joint CEO, Myles Redward