PayRight

FUNDED APRIL 2022

Techboard's monthly roundup cataloguing April 2022 Australian startup funding: megadeals, seed rounds, grants and crowdfunding, nine acquisitions, several ASX listings, and venture firms' fund news.

Micro-influencer startup Tribe raises $5.5 million in pre-IPO capital, amid tech frenzy on the ASX

Australian micro-influencer marketplace Tribe has secured $5.5 million in pre-IPO funding from Saville Capital, Cyan Capital and SG Hiscock, with chief executive Anthony Svirskis weighing an IPO amid strong public-market appetite for tech stocks.

Also Startup Daily·Cut Through Venture

As BeforePay bags $9 million and Affirm lists in the US, 2021 shows the BNPL trend is still strong

BeforePay has raised $9 million ahead of a planned IPO, while Affirm's Nasdaq debut topped US$22 billion; PayRight's ASX listing and Limepay's December raise point to ongoing buy-now-pay-later momentum.

Also Startup Daily·Cut Through Venture·Australian FinTech·SmartCompany·Startup Daily

Payright

SmartCompany profiles buy-now-pay-later firm Payright, detailing how it onboarded dozens of staff remotely during the pandemic, noting $60 million raised over two years and a planned ASX listing.

Payright public offer opens to retail investors following strong pre-IPO support

Australian BNPL provider Payright opened its IPO to retail investors, seeking up to $20 million ahead of a December ASX listing, after completing an oversubscribed $7 million pre-IPO convertible note raise.

Also SmartCompany·SmartCompany

Millions in the bank: Meet 10 Aussie fintechs that raised funds during COVID-19

Roundup of ten Australian fintechs that raised capital between March and July 2020, including Payright, Zeller, Judo Bank and Airwallex; PictureWealth raised $12 million and acquired NEO Financial Solutions.

Also SmartCompany·SmartCompany

Afterpay-led buy now, pay later sector booms as more money pours in

Payright raised $12 million in a round led by Escala Partners, while fellow BNPL firm Limepay raised $6 million, as listed buy now, pay later stocks buoy private-market investment.

Also SmartCompany·SmartCompany·SmartCompany·SmartCompany·Australian FinTech

Afterpay bucks ASX trend, with share price soaring after Tencent investment

Afterpay secured a 5% stake purchase by Tencent, lifting its share price sharply, with founders and a Tencent executive commenting on the investment and possible collaboration.

Also Startup Daily·Australian FinTech

Buy-now-pay-later competitor bags $27 million after seeing 650% revenue growth

Payright secures debt and equity financing led by Henslow with Escala Partners, following an earlier round months prior, as the payments firm reports strong revenue and customer growth and eyes New Zealand expansion.

Also SmartCompany

Buy now, pay later startup Payright has raised $27 million in a Series D

Melbourne instalment payments firm Payright secured an oversubscribed Series D combining debt and equity, led by Henslow with Escala Partners, to fund expansion, new markets and technology as it eyes New Zealand.

Also SmartCompany·Australian FinTech·SmartCompany

Buy-now-pay-later startup PayRight raises $30 million for filling a gap left by Afterpay and Zip

Big-ticket instalment-payment provider PayRight has gathered $30 million in debt and equity, with recent backing led by Henslow and Escala Partners, and is preparing New Zealand expansion and an e-commerce offering.