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Pay.com.au raises $28M to launch in the U.S. as PayRewards
Monday, August 24, 2026 — 16:08:24 (UTC)
Pay.com.au, Australia's Largest Business Rewards Platform, Raises US$28M to Launch in the U.S. as PayRewards
PayRewards is the U.S. arm of Australia-based Pay.com.au, a rewards-first platform that lets businesses earn points on payments that traditionally go unrewarded, including bank transfers and tax payments, alongside the rewards they already earn on card spend. Members can redeem points across a growing network of airline and hotel partners, plus gift cards, employee incentives, concierge redemptions, and credit toward other invoices.
Pay.com.au processes more than US$7 billion annually for 30,000+ Australian businesses; PayRewards enables U.S. SMBs to earn points on commercial rent, supplier invoices and other SMB bills paid by ACH or card
NEW YORK, Aug. 24, 2026 /PRNewswire/ -- PayRewards, a rewards-first platform built specifically for small business, launches in the US with US$28 million in new Series E funding, bringing total capital raised to US $70 million. The new U.S. company allows American businesses, which move trillions through accounts payable every year and earn nothing on most of it, to earn rewards points on ALL payments including ACH (bank transfer) and credit card. The round was privately funded by a group of existing and new investors.
Parent Pay.com.au, Australia's largest payments and rewards ecosystem, expands to the U.S. after processing more than US$7 billion in business expenses in the last 12 months, serving more than 30,000 businesses. This represents 100% YoY growth. The new raise follows a November 2025 fundraise totaling A$25 million (approximately US$18 million).
The gap PayRewards is targeting
At a time when American consumers are decidedly rewards-driven, business payments like rent, utilities, taxes often go unrewarded because of credit card restrictions or incompatible payment systems. By using PayRewards, business owners can earn points on all their bill payments, both ACH/bank transfer and credit card, turning previously unrewarded spend into a rewards currency. These points are redeemable across major airline and hotel loyalty programs, cabin and room upgrades, gift cards, employee incentives, custom requests, or credit against future invoices on the platform.
How PayRewards works
Unlike subscription-based bill-pay tools, PayRewards charges no monthly platform fee. A business pays only when it chooses to earn points. And because PayRewards layers its own points on top of whatever card rewards a business already earns, it can, in effect, double the rewards on the same dollar. PayRewards calls this the Double-Dip.
Says PayRewards U.S. CEO Blake Hutchison, "PayRewards is an end-to-end platform making it simple to pay anyone, by card or bank transfer, and earn full credit card and PayRewards Points in return."
"The rewards are incredibly flexible. It's the best rewards program we've used across our business, and we're earning points on expenses we'd be paying anyway," says Steve Shillington, McDonald's franchisee and PayRewards customer.
PayRewards is available to U.S. small businesses in most U.S. states*. For more information, visit Payrewards.com.
About PayRewards
PayRewards is the U.S. arm of Australia-based Pay.com.au, a rewards-first platform that lets businesses earn points on payments that traditionally go unrewarded, including bank transfers, alongside the rewards they already earn on card spend. Members can redeem points across a growing network of airline and hotel partners, plus gift cards, employee incentives, concierge redemptions, and credit toward other invoices.
About Pay.com.au
Founded in 2019, Pay.com.au is an Australian payments and rewards platform. In the last 12 months the platform has processed more than A$10 billion in business expenses and serves more than 30,000 businesses. Pay.com.au allows businesses to pay suppliers, tax, payroll, and other expenses while earning PayRewards points, redeemable across a network of 16 global airline, hotel, and card partners.
Media Contact:
Ruth Sarfaty
421221@email4pr.com
201 960 4664
* PayRewards is not yet available in Connecticut, Hawaii, New Mexico, South Dakota, Washington, DC, and West Virginia.
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Source: Company press release. 
Categories: Announcement
