About PayRight
PayRight is a company based in Hawthorn East (Australia) founded in 2016 was acquired by CannaOne Technologies in April 2021. PayRight has raised $24 million across 5 funding rounds from investors including CannaOne Technologies, Escala Partners and Henslow. PayRight offers products and services including Payright App and Payment Plans. PayRight operates in a competitive market with competitors including Afterpay, Zip, Scalapay, Laybuy and Deferit, among others.
- Headquarter Hawthorn East, Australia
- Stage Public
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$24 M (USD)
in 5 rounds
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Latest Funding Round
$12 M (USD), Series B
Jul 08, 2020
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Investors
CannaOne Technologies
& 2 more
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Employee Count
Not available
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Acquired by
CannaOne Technologies
(Apr 09, 2021)
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Products & Services of PayRight
PayRight offers a comprehensive portfolio of products and services, including Payright App and Payment Plans.
App for applying buy now pay later plans up to $10k.
Flexible installment options for consumer purchases.
People of PayRight
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Funding Insights of PayRight
PayRight has successfully raised a total of $24M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $12 million completed in July 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.
Investors in PayRight
PayRight has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include CannaOne Technologies, Escala Partners and Henslow.
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Offers financial advisory services including planning, analysis, and wealth management.
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An independent advisory firm with global reach is operated.
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A software platform for cannabis industry operations is developed.
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Investor details for PayRight
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Investments & Acquisitions by PayRight
Investment portfolio details for PayRight
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Financial Statements - PayRight
Detailed financials for PayRight
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Payright Comparisons
Peer comparison for PayRight
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Competitors of PayRight
PayRight 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 Afterpay, Zip, Scalapay, Laybuy and Deferit, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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A buy now pay later service is offered by Afterpay.
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Payment solutions are provided for deferred purchasing by Zip.
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Payment solutions and installment financing are provided for e-commerce users.
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App-based platform for point of sale financing
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Deferred bill payments are facilitated through a mobile app.
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Detailed competitors of PayRight
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Latest news on Payright
Complete news archive for PayRight
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Frequently Asked Questions about PayRight
PayRight was founded in 2016 and raised its 1st funding round 3 years after it was founded.
PayRight is headquartered in Hawthorn East, Australia. It is registered at Hawthorn East, Victoria, Australia.
PayRight is a funded company, having raised a total of $24M across 5 funding rounds to date.
PayRight was founded in 2016 and is based in Hawthorn East, Australia. Financing services are offered in the consumer lending sector, where merchants are enabled to provide buy now, pay later payment plans to customers. Terms for loans, deposits, and repayment schedules are selectable by customers, with plans extending up to 20,000 in value. Operations focus on facilitating flexible purchase financing through the companys platform.
PayRight offers Payright App and Payment Plans.
PayRight has 3 investors. Key investors include CannaOne Technologies, Escala Partners, and Henslow.