Raised $68m across debt and equity in 4 years.
Henslow has worked with Payright from Series A-D providing capital raising and corporate and strategic advice, constantly fuelling the next phase of growth.
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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.
Capital Raised
Merchants Signed
Total Customers
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.
| March 2018 |
Debt - Series 2 $4.0m |
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| March 2018 |
Series A $1.0m |
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| July 2018 |
Debt - Series 3 $8.0m |
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| July 2018 |
Series B $3.5m |
|
| December 2018 |
Debt - Series 4 $10.0m |
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| June 2019 |
Debt - Series 5 $22.0m |
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| June 2019 |
Series C $5.0m |
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| December 2019 |
Subordinated Debt $4.25m |
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| July 2020 |
Placement $0.3m |
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| March 2022 |
Placement $9.5m |
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
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