Who is Payright?
Payright is a payment plan provider developed for merchants to accelerate return-on-effort and for making things more affordable to consumers, by spreading the cost of purchases over time.
Payright provides merchants a buy-now, pay later flexible payment option to offer their customers, intended for bigger ticket items that are more considered purchases rather than smaller impulse-driven buys. Payright practices responsible lending and performs extensive identification and credit checks to ensure a customer’s repayment capability. Merchants are paid upfront and in full on the same day and include a diverse mix of broad-reaching products and services such as direct sales businesses, home improvement, education, photography, dental, and health and beauty.
Founded by brothers Piers and Myles Redward, Payright is based in Melbourne, Australia and is a privately owned company.
Meet Our Leadership Team
Co-Founder & Joint CEO
In his role as Joint CEO Myles takes responsibility for finance, operations and technology at Payright. Myles has extensive expertise in Financial Planning and Analysis and Consumer Finance. Prior to establishing PayRight, he worked with GE Captial, Northern Trust, Moody's and Bank of Ireland Group.
Co-Founder & Joint CEO
In his role as Joint CEO Piers takes responsibility for sales, marketing, product and legal at Payright. Piers has deep expertise across business and consumer finance, specialising in interest free products, leasing and personal loans. Prior to establishing Payright, he worked with FlexiGroup, Esanda finance, MacCredit and Now Finance.
General Manager of Sales
Tere manages the sales team at Payright. With extensive sales experience in consumer finance personal loans, leasing, interest free cards and in the BNPL fintech arena, Tere has worked with Flexigroup, Now Finance, Openpay and Zip.co over her career.
Chief Technology Officer
Mark has extensive technology, payments and business management experience gained through senior and executive management roles with the ANZ Bank across Technology, Credit Card Operations, Electronic Banking Services and Payments. Mark also worked for eFunds International (global payments software provider) before setting up his own consulting business.
Chief Financial Officer
Heading up the finance team at Payright, Adam has 10 years experience in accounting, financial analysis and commercial management, including time spent in ASX listed environments. He has also been a key member of finance teams at Aconex, Austock and Powerwrap and has a detailed understanding of budgeting and forecasting with experience across multiple industries. Adam holds a Bachelor of Business from RMIT University and is a CPA qualified accountant.
General Counsel & Chief Risk Officer
Saara is an experienced in-house legal counsel, compliance and risk professional across financial services in Australia, UK & Middle East. Specialising in consumer finance, privacy and wealth management, Saara has worked as in house senior legal counsel to Barclays Bank in the UK, HSBC in the Middle East and NAB and Liberty Financial in Australia, as well as compliance and risk roles at NAB and Barclays. Saara is qualified a solicitor in Victoria and holds a BSC/LLB (Hons) from Monash University.
Head of People & Culture
With over 15 years HR experience in various industries and large, medium and small organisations, Melissa joined Payright to build the People & Culture strategy and implement people processes and procedures to support the growth of talent and capability. Building a strong culture and enabling/empowering people to be the best versions of themselves at work is one of her passions. Through building talent, building leadership capability and retaining an engaged workforce these things will put the future growth of Payright in a good position.
In the news
Payright founders detail merchant brand strategy
Buy now, pay later offering for higher value goods aims to win the business of Australian merchants ‘Buy-now/pay-later’ has been the breakthrough new service category of the Australian payments industry, with Roy Morgan research estimating more than 1.5 million Australians used one of the many services in 2018. Growth in the category shows no signs […]
Payright Launches E-Commerce Access
Payright Launches E-Commerce Access Buy Now Pay Later (BNPL) platform, Payright has moved into e-commerce by going online. It’s built-in with e-commerce platforms like Magento, PrestaShop, WooCommerce and Drupal. More platforms are set to launch in later months. In addition to the launch of its e-commerce platform, Payright has also unveiled its new branding and […]
Payright, an Australian payment plan provider developed for merchants
Payright has raised AU$55M in total. We talked with Piers Redward and Myles Redward, brothers and founders of Payright. PetaCrunch: How would you describe Payright in a single tweet? R&R: Payright is a buy-now, pay-later provider with products that make purchases more affordable, by spreading out the cost over time, without ever paying interest. Payright […]