About Pay.com.au
Pay.com.au is a company based in Melbourne (Australia) founded in 2016 by Richard Broome and Yaniv Meydan. It operates as a Commission-Based, and Subscription Services. Pay.com.au has raised $7.81 million across 2 funding rounds from investors including Investec, Meydan and Vavada Casino. Pay.com.au has completed 1 acquisition, including Payment Assist. Pay.com.au offers products and services including Payments Platform, PayRewards Program, and Xero Integration. Pay.com.au operates in a competitive market with competitors including Klarna, Afterpay, Zip, Scalapay and Zilch, among others.
- Headquarter Melbourne, Australia
- Founders Richard Broome, Yaniv Meydan
- Stage Public
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$7.81 M (USD)
in 2 rounds
-
Latest Funding Round
$23.36 M (USD), Post-IPO
Jun 05, 2020
-
Investors
Investec
& 2 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Pay.com.au
Pay.com.au offers a comprehensive portfolio of products and services, including Payments Platform, PayRewards Program, and Xero Integration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Business payments are facilitated with multiple payment options.
Rewards points are earned on all business expenses.
Transactions are synced seamlessly for effortless business reconciliation.
Funding Insights of Pay.com.au
Pay.com.au has successfully raised a total of $7.81M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $23.36 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $23.4M
-
First Round
First Round
(23 Oct 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Post-IPO - Pay.com.au | Valuation |
investors |
|
| Oct, 2017 | Amount | Series A - Pay.com.au | Valuation | Meydan , Investec |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pay.com.au
Pay.com.au has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Investec, Meydan and Vavada Casino. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Vavada Casino is operated as an online gambling platform.
|
Founded Year | Domain | Location | |
|
Infrastructure services are developed and managed in Dubai, UAE.
|
Founded Year | Domain | Location | |
|
Global banking, investment, and wealth management services are offered worldwide.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Pay.com.au
Pay.com.au has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Payment Assist. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Online platform that provides car repair financing services
|
2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Pay.com.au
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pay.Com.Au Comparisons
Competitors of Pay.com.au
Pay.com.au operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Klarna, Afterpay, Zip, Scalapay and Zilch, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
|
|
| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
|
|
| domain | founded_year | HQ Location |
Payment solutions are provided for deferred purchasing by Zip.
|
|
| domain | founded_year | HQ Location |
Payment solutions and installment financing are provided for e-commerce users.
|
|
| domain | founded_year | HQ Location |
Direct-to-consumer ad-subsidised payments network
|
|
| domain | founded_year | HQ Location |
Interest-free credit is offered for consumer purchases via retail partners.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Pay.Com.Au
Frequently Asked Questions about Pay.com.au
When was Pay.com.au founded?
Pay.com.au was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Pay.com.au located?
Pay.com.au is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Is Pay.com.au a funded company?
Pay.com.au is a funded company, having raised a total of $7.81M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7.81M, raised on Oct 23, 2017.
What does Pay.com.au do?
Business payments are managed through a platform by Pay.com.au, focusing on simplifying transactions for Australian businesses. Various payment methods like credit cards, bank transfers, and BPAY are supported. Integration with accounting software such as Xero is provided for seamless reconciliation. A rewards program called PayRewards is offered, allowing points to be earned on expenses and redeemed for travel, products, or other benefits. Security measures including PCI DSS compliance and ISO 27001 certification are implemented to protect transactions. The company serves over 50,000 businesses, operating primarily in the financial services sector with a focus on payment processing solutions.
Who are the top competitors of Pay.com.au?
What products or services does Pay.com.au offer?
Pay.com.au offers Payments Platform, PayRewards Program, and Xero Integration.
How many acquisitions has Pay.com.au made?
Pay.com.au has made 1 acquisition, including Payment Assist.
Who are Pay.com.au's investors?
Pay.com.au has 3 investors. Key investors include Investec, Meydan, and Vavada Casino.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.