Pay.com Raises $28 Million to Bring Rewards Platform to US Businesses
Australia’s Pay.com is launching in the U.S. as PayRewards after raising $28 million in a Series E round, bringing its total capital raised to $70 million. The new company lets American businesses earn rewards on all payments, bank transfers and credit cards included, Pay.com said in a Monday (Aug. 24) news release. “At a time […] The post Pay.com Raises $28 Million to Bring Rewards Platform to…
Pay.com, an Australian rewards platform, is expanding to the United States with the launch of PayRewards, raising $28 million in a Series E round. Now valued at $70 million in total capital raised, PayRewards allows American businesses to earn rewards on all payments, bank transfers, and credit card transactions. The company claims its platform differs from subscription-based bill-pay tools, as it charges no monthly fee and can double the rewards a business earns through its "DoubleDip" feature.
According to recent PYMNTS Intelligence research, making rewards more accessible can influence consumer purchasing decisions, with 70% of consumers changing what they buy after seeing an offer. The research also highlights that consumers prioritize convenience equally to the reward itself, with 80% willing to choose a merchant offering a seamless shopping experience with automatic discounts, offers, and rewards at checkout.
Written by urgent.news from PYMNTS's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
