Who is Payright?
Payright is an Australian payment plan provider developed for merchants to accelerate return-on-effort and for making things more affordable to consumers, by spreading the cost of purchases over time, without ever paying interest.
Payright provides merchants a buy-now, pay later flexible payment option to offer their customers, intended for bigger ticket items that are more considered purchases rather than smaller impulse-driven buys. Payright practices responsible for lending and performs extensive identification and credit checks to ensure a customer’s repayment capability. Merchants are paid upfront and in full on the same day and include a diverse mix of broad-reaching products and services such as direct sales businesses, home improvement, education, photography, dental, and health and beauty.
Founded by brothers Piers and Myles Redward, Payright is based in Melbourne, Australia and is a privately owned company.
Meet Our Leadership Team
Co-Founder & Joint CEO
In his role as Joint CEO Myles takes responsibility for finance, operations and technology at Payright. Myles has extensive expertise in Financial Planning and Analysis and Consumer Finance. Prior to establishing PayRight, he worked with GE Captial, Northern Trust, Moody's and Bank of Ireland Group.
Co-Founder & Joint CEO
In his role as Joint CEO Piers takes responsibility for sales, marketing, product and legal at Payright. Piers has deep expertise across business and consumer finance, specialising in interest free products, leasing and personal loans. Prior to establishing Payright, he worked with FlexiGroup, Esanda finance, MacCredit and Now Finance.
Chief Technology Officer
Mark has extensive technology, payments and business management experience gained through senior and executive management roles with the ANZ Bank across Technology, Credit Card Operations, Electronic Banking Services and Payments. Mark also worked for eFunds International (global payments software provider) before setting up his own consulting business.
General Manager of Sales
Tere manages the sales team at Payright. With extensive sales experience in consumer finance personal loans, leasing, interest free cards and in the BNPL fintech arena, Tere has worked with Flexigroup, Now Finance, Openpay and Zip.co over her career.
In the news
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.
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.
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.