Participated · Equity · Nov 2025

Pay.com.au operates a B2B payments and rewards platform that converts everyday business outgoings into loyalty points redeemable with partners such as Qantas, Virgin Airlines, Hilton and Marriott. Since facilitating its first payment in 2019, the company has processed more than $10 billion in business expenses and recorded revenue growth strong enough to be named Australia’s fastest-growing business in last year’s Smart50 Awards. The product differentiates itself by awarding points on transactions—like payroll and tax payments—that are normally excluded from conventional credit-card reward schemes. Management is now refining the core offering while expanding domestically across Australia’s 2.6 million businesses and accelerating a U.S. market entry through its partnership with American Express. Fresh capital will also support the build-out of additional strategic partnerships aimed at creating a broader business-loyalty ecosystem. The company is reportedly evaluating a future public listing as its valuation continues to climb.