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Pay.com.au raises US$28M in Series E funding to launch PayRewards in the U.S., enabling SMBs to earn rewards on payments. The funding aims to tap into the U.S. commercial payment market, which processes trillions annually.
PRIVATEAug 24, 2026•about 4 hours ago
Amount Raised
$28 Million
Round Type
Series E
MelbourneFinanceFintech
Description
Pay.com.au has successfully raised US$28 million in Series E funding to launch PayRewards in the U.S. The new platform allows American small businesses to earn rewards points on all payments including ACH and credit card transactions. With this new infusion of capital, Pay.com.au is set to expand its services after processing over US$7 billion for more than 30,000 Australian businesses. This represents a strategic move into a market where business payments often go unrewarded.
Company Information
Company
Pay.com.au
Location
Melbourne, Victoria, Australia
About
Pay.com.au is a B2B payments and rewards platform established in 2019. The company allows around 50,000 businesses in Australia to earn convertible reward points on routine business expenses. It is currently focused on expanding its operations in the US market. Pay.com.au has raised significant funding to support this growth, with a company valuation of $633 million.
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2 contacts
Verified contactsGrant A., Chief Executive Officer hidden
MelbourneFinanceFintech