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
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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. 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.
App for applying buy now pay later plans up to $10k.
Flexible installment options for consumer purchases.
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $12.0M
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First Round
First Round
(11 Mar 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series B - PayRight | Valuation | Escala Partners |
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| Jul, 2019 | Amount | Debt – Conventional - PayRight | Valuation |
investors |
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| Jul, 2019 | Amount | Series A - PayRight | Valuation | Henslow |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
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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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayRight
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PayRight
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payright Comparisons
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. 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 |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Payment solutions are provided for deferred purchasing by Zip.
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| domain | founded_year | HQ Location |
Payment solutions and installment financing are provided for e-commerce users.
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| domain | founded_year | HQ Location |
App-based platform for point of sale financing
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| domain | founded_year | HQ Location |
Deferred bill payments are facilitated through a mobile app.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Payright
Frequently Asked Questions about PayRight
When was PayRight founded?
PayRight was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is PayRight located?
PayRight is headquartered in Hawthorn East, Australia. It is registered at Hawthorn East, Victoria, Australia.
Is PayRight a funded company?
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 $22M, raised on Mar 11, 2019.
What does PayRight do?
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.
Who are the top competitors of PayRight?
What products or services does PayRight offer?
PayRight offers Payright App and Payment Plans.
Who are PayRight's investors?
PayRight has 3 investors. Key investors include CannaOne Technologies, Escala Partners, and Henslow.
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