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.
Leadership Team & Board
Stewart has 30 years' financial services experience, including 15 years in senior leadership positions. Prior roles have included General Manager Market Specialists at Commonwealth Bank, General Manager Sales at Medfin, Group Executive Macmillan Shakespeare and Head of Operating Lease and Strategic Alliances at Capital Finance (part of the Westpac Group). He has worked at Metrics for the last five years, and most recently was appointed as a Managing Director of Metrics Business Finance.
Interim Chief Financial Officer
Tom has a broad range of commercial finance experience, most recently as Managing Director of Metrics Business Finance, a subsidiary of Metrics. Previously, Tom was CEO of Bigstone Capital, which became a subsidiary of Metrics in 2021. He has also previously held investment management and senior management roles across a variety of sectors for both domestic and international businesses.
General Counsel & Chief Risk Officer
Saara has more than 18 years’ post‑qualified experience in legal, risk and compliance in consumer credit, banking and financial products and services and insurance. 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. Prior to joining Payright, Saara was the senior risk partner to NAB’s wealth advice business. She has also held positions in compliance and risk at NAB and Barclays Bank. Saara is qualified a solicitor in Victoria and holds a Bachelor of Science/Bachelor of Laws with Honours from Monash University.
Co-Founder & Managing Director
Myles co‑founded the Payright business in 2015 and has since served as Director, Joint Chief Executive Officer and Managing Director. Myles has more than 15 years’ experience in credit and risk for major corporations including Moody’s, Bank of Ireland and GE Capital. At GE Capital, Myles led the corporate level planning and analysis function. Myles has a detailed understanding of financial modelling and accounting practices in the context of the consumer finance industry. He holds a Bachelor of Business Management from Monash University and is a qualified Certified Practising Accountant.
Co-Founder & Managing Director
Piers co‑founded the Payright business in 2015 and has served as Director since 2017, Joint Chief Executive Officer and Managing Director. Piers has in excess of 15 years’ experience working in the retail finance industry across multiple products. He was previously Customer Service and Collections Manager within ANZ’s Esanda Finance business, National Sales Manager for FlexiGroup and Head of Sales and Distribution for Wingate Consumer Finance, managing multiple brands (including Flexirent, Lombard Finance, Once Credit, Now Finance and Mac Credit).
Allan has more than 30 years' experience with a deep understanding of the financial services industry. Mr Griffiths has held a number of executive positions within the industry, most notably as Chief Executive Officer, Aviva Australia and later, Managing Director South Asia, Aviva Asia Pty Ltd based in Singapore. Prior to joining Aviva, Mr Griffiths held executive positions with Colonial Ltd and Norwich Union. Mr Griffiths is the current Chair of Insignia Financial (formally IOOF), St Andrews Insurance and Metrics. Allan is a member of the Payright Audit & Risk and Remuneration Committees.
Andrew has more than 30 years’ banking, funds management and financial markets experience specialising in leverage and acquisition finance as well as corporate and institutional lending. Andrew’s considerable experience includes being responsible for the origination and portfolio risk management of large, diversified and complex loan portfolios including corporate restructurings. Andrew holds a Bachelor of Business and Masters of Business Administration from the Queensland University of Technology. Andrew is a member of the Payright Audit & Risk and Remuneration Committees.
Matthew has extensive experience in corporate finance, audit and assurance, governance and strategy, including over 25 years’ experience as a Partner at Pitcher Partners. His roles with Pitcher Partners included leading the corporate finance practice group, senior audit partner and leading the corporate governance and board advisory practice area. Matthew is a member and Chair of the Audit & Risk and Remuneration Committees.
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 […]