Pay.com Raises $28 Million to Bring Rewards Platform to US Businesses
What's happening
Australian payments and rewards platform Pay.com.au has raised US$28 million in a Series E round and is launching in the U.S. as a new arm called PayRewards. The company says the offering will let American businesses earn rewards on all payments, including bank transfers and credit cards, and the Series E brings Pay.com's total capital raised to US$70 million. The move is positioned as a U.S. launch tied to the fresh funding.
Why it's trending
A sizable $28M Series E and a U.S. launch make Pay.com.au's move into American rewards for payments a timely story for merchants and fintech partners.
SignalHolding at its usual pace, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
PayRewards just launched in the U.S. after a $28M Series E, here's exactly what American businesses can expect to get paid in rewards on (hint: it's not just cards).
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Original sources6
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FinextraAug 28 - Affirm returns to Australia through Shopify Shop Pay tie-up
US FinTech Affirm is returning to Australia through an expanded partnership with Shopify, bringing Shop Pay Installments to Australian merchants for the first time. The instalment payment offering, powered exclusively by Affirm, will allow eligible Australian shoppers to spread purchases across fortnightly or monthly payments. Customers will be able to choose between interest-free and interest-bea
FinTech GlobalAug 28 - Affirm and Shopify Take Shop Pay Installments to Australia
Australian shoppers can now select installment payments powered by Affirm when they click on Shopify’s Shop Pay button, Affirm said in a Thursday (Aug. 27) press release. This capability is enabled by the global partnership of Affirm and Shopify, in which the companies launch Shop Pay Installments powered exclusively by Affirm. Shop Pay Installments was […] The post Affirm and Shopify Take S
PYMNTSAug 28
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