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
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website payright.com.au
- Social LinkedIn X Facebook Instagram
- Acquired by CannaOne Technologies (Apr 2021)
- Total Equity Funding$24M (USD)
in 5 rounds
- Latest Funding Round$12M (USD), Series B
Jul 2020
- InvestorsCannaOne Technologies
& 2 more
- Acquired byCannaOne Technologies
(Apr 2021)
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.
Apps and channels of PayRight
PayRight publishes 1 mobile app with over 50K+ downloads.
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.
- Total Funding $24M
- Total Rounds 5
- Last Round Series B — $12M
- First Round $23M
(Mar 2019)
- Investors Count 2
All 5 funding rounds of PayRight with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | $12M | Series B | – | Escala Partners | – |
| Jul 2019 | $22M | Debt – Conventional | – | – | – |
| Jul 2019 | $5M | Series A | – | Henslow | |
| Mar 2019 | $23M | Debt – Conventional | – | – | – |
| Mar 2019 | $7M | Series A | – | Escala Partners, Henslow | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers financial advisory services including planning, analysis, and wealth management. | 2013 | escalapartners.com.au | Melbourne, Australia | |
An independent advisory firm with global reach is operated. | – | henslow.com | Melbourne, Australia | |
A software platform for cannabis industry operations is developed. | 2016 | cannaonetechnologies.com | Vancouver, Canada |
Investor details for PayRight
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PayRight
20 people are tracked at PayRight (8 in leadership, 3 in board & advisors, 9 in team).
| Name | Role | Group |
|---|---|---|
Stewart Creighton | Interim CEO | Leadership |
Tom Kellaway | Interim Chief Financial Officer | Leadership |
Yasodh Kumarasinghe | Chief Technology Officer | Leadership |
Felisha G. | Head Of Compliance A&nz | Leadership |
Piers Redward | Co-Founder & Managing Director | Leadership |
Myles Redward | Co-Founder & Managing Director | Leadership |
Saara Mistry | General Counsel & Chief Risk Officer | Leadership |
Matthew A. Rehn | Head of Dispute Resolution | Leadership |
Andrew Lockhart | Non-Executive Director | Board & advisors |
Matthew Pringle | Independent Non‑Executive Director | Board & advisors |
Allan Griffiths | Chair | Board & advisors |
Janelle Trimble | Lead Quality Assurance Analyst | Team |
Donna Norris | Inside Sales Executive | Team |
Nathan Lam | Senior Financial Accountant | Team |
Harold De Luna | Financial Crime Officer | Team |
Kara O'Reilly | National Sales Manager | Team |
Melissa Foong | Commercial Counsel | Team |
Warde Wynter | Senior Technical Business Analyst | Team |
Ashby Redward | Product Manager | Team |
Wayne Gould | Sr. Business Development Manager | Team |
Complete people profiles for PayRight
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PayRight
5 dated milestones of PayRight across 5 years, from founding to its latest funding, stage changes and deals.
- Founded PayRight is founded.
- Funding First funding round of $23.0M.
- Funding Latest funding round, Series B, of $12.0M.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by CannaOne Technologies.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| afterpay.com | 2014 | Melbourne, Australia | $35.37M | – | A buy now pay later service is offered by Afterpay. | |
| zip.co | 2013 | Sydney, Australia | – | 612 | Payment solutions are provided for deferred purchasing by Zip. | |
| scalapay.com | 2019 | Milan, Italy | $952.67M | – | Payment solutions and installment financing are provided for e-commerce users. | |
| laybuy.com | 2016 | Auckland, New Zealand | – | – | App-based platform for point of sale financing | |
| deferit.com | 2018 | Sydney, Australia | – | – | Deferred bill payments are facilitated through a mobile app. | |
| etika.com | 2012 | Sydney, Australia | $34.24M | 38 | Online point-of-sale financing loans are offered to consumers. | |
| bundll.com | 2012 | Sydney, Australia | $750,000 | – | Point-of-sale financing is facilitated via an app-based platform. | |
| latitudepay.com | 2019 | Melbourne, Australia | – | – | Offers credit cards and interest-free payment options for consumer shopping. |
Detailed competitors of PayRight
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PayRight
The website of PayRight (payright.com.au) receives about 16.1K visits a month.
- Monthly visits16.1K
▼ 6.2% vs previous month
Latest news on Payright
Complete news archive for PayRight
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to PayRight
10 companies that operate in the same segment as PayRight (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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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. The company's 1st funding round was a Debt – Conventional of $23M, raised on Mar 2019.
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.
Yes. PayRight was acquired by CannaOne Technologies in April 2021.
Yes. PayRight publishes Payright, with over 50,000 downloads.