PayRewards, operating as the U.S. extension of Pay.com.au, offers a rewards-first platform that enables small businesses to earn points on payments that traditionally go unrewarded, including ACH/bank transfers and credit card transactions. Members earn PayRewards points that can be redeemed across airline and hotel partners, gift cards, employee incentives, concierge redemptions, or credit toward future invoices. The platform charges no monthly fee and only charges businesses when they opt to earn points; it also layers its points on top of existing card rewards to enable a "Double-Dip" effect. PayRewards is launching in the U.S. following its Series E financing and the parent company's growth in Australia, where Pay.com.au processed more than US$7 billion in business expenses over the prior 12 months and serves more than 30,000 businesses. The parent company was founded in 2019 and had reported 100% year-over-year growth heading into the U.S. expansion.

Total raised

$28M

Funding rounds

1

Latest round

Series E

Latest activity

Aug 2026