PayRewards Raises $28M in Series C+ Funding

PayRewards Secures $28M in Series C+ Funding

PayRewards, a Dallas, Texas-based fintech operating the U.S. arm of Australia-based Pay.com.au, has raised $28 million in a Series C+ funding round. The company offers a rewards-first platform for small business bill payments, allowing businesses to earn redeemable points on ACH transfers and credit card payments, layered on top of existing card rewards, with no monthly subscription fee.

Funding Details

The round's lead investor was not disclosed, and no additional investor information was provided. The funding amount was confirmed as $28 million USD.

About PayRewards

PayRewards aims to simplify small business payments while maximizing rewards. By integrating with existing card rewards programs, the platform provides added value to businesses without additional subscription costs. The new capital is expected to support the company's growth and expansion in the U.S. market.