Payright is payment plan provider developed for merchants to accelerate return-on-effort and for making things more affordable to consumers, by spreading the cost of purchases over time, without ever paying interest.
Payright provides merchants a buy-now, pay later flexible payment option to offer their customers, intended for bigger ticket items that are more considered purchases rather than smaller impulse-driven buys.
Payright was founded in 2016 by Piers Redward & Myles Redward and is based in Hawthorn East, Victoria, Australia.
Payright practices responsible for lending and performs extensive identification and credit checks to ensure a customer’s repayment capability. Merchants are paid upfront and in full on the same day and include a diverse mix of broad-reaching products and services such as direct sales businesses, home improvement, education, photography, dental, and health and beauty.
PayRight has quickly become the payment plan provider of choice for an ever-growing number of merchants across a wide array of industry types.
Payright is backed by Escala Partners, & Henslow. The company raised $27M in it's latest funding of a "Series D" round on Jul 30, 2019. This brings Payright's total funding to more than $55M to-date.