Payright hopes funding now pays off later
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
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
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
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.