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
Myles co‑founded the Payright business in 2015 and has since served as Director and Joint Chief Executive Officer.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 & Joint CEO
Piers co‑founded the Payright business in 2015 and has served as Director since 2017 and Joint Chief Executive Officer. 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).
Chief Operating Officer
Tere is a seasoned financial services professional with 16 years of experience spanning personal loans, leasing, line of credit, interest free cards and Buy Now Pay Later across the Australian and New Zealand markets. Prior to joining Payright, Tere held senior leadership roles with payments FinTech’s Zip Co and Openpay, along with financial services companies Now Finance and FlexiGroup (humm).
Chief Technology Officer
Mark comes from a 30+ year career at ANZ Bank where he held a wide range of leadership roles across technology, large‑scale operations and business management. Relevant roles included Head of Technology for the ANZ Retail Bank, Head of Operations for ANZ Cards (where he was responsible for issuing, acquiring and consumer credit), General Manager Electronic Banking Services, providing electronic banking, payments and cash management products and services to the Bank’s SME, Business and Institutional customers.
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.
Chief Financial Officer
David is a senior finance executive with over 20 years experience in Financial Services across Australia and the United States with an extensive background in Business Partnering, Financial Planning & Analysis, and Business Transformation. David has been a key member of finance teams at National Australia Bank, BNP Paribas subsidiary Bank of the West, and Fannie Mae. David holds a Masters of Business Administration degree in Finance and Accounting from New York University's Stern School of Business and a Bachelor of Arts degree in Economics from Haverford College.
Chief Commercial Officer
Rob has over 25+ years’ experience in sales, marketing, risk and executive management across several consumer lending businesses spanning Australia and New Zealand and was instrumental in establishing BNPL in Australia Rob has held senior management positions for including Managing Director (2010 to 2017) of Certegy Ezi-Pay BNPL (now known as humm) which included managing 145 employees, and achieving $600M annualised volume across 10,000 merchant partners and generating $40M NPAT. Rob was also a Senior Executive of FlexiGroup (humm group) from 2010 to 2017 and has consulted to a number of leading consumer lending companies in Australia including Payright since Feb 2021.
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 […]