PayRewards, the US arm of Australia-based Pay.com.au, has been launched as a rewards-first platform built specifically for small businesses.
The process also involved raising new Series E funding worth USD 28 million, bringing the total capital raised to USD 70 million.
The new company will allow American businesses, which move trillions through accounts payable every year and earn nothing on most of it, to earn rewards points on all payments, including ACH (bank transfers) and credit cards. The round was privately funded by a group of existing and new investors.
Parent Pay.com.au, Australia’s largest payments and rewards ecosystem, expanded to the world’s largest economy after processing more than USD 7 billion in business expenses in the past 12 months, serving more than 30,000 small ventures.
“This represents 100% YoY growth. The new raise follows a November 2025 fundraise totalling AUSD 25 million (approximately USD 18 million),” the company noted.
By acting as a rewards-first platform, PayRewards will let American businesses earn points on payments that traditionally go unrewarded, including bank transfers, alongside the rewards they already earn on card spend.
Members will be able to redeem points across a growing network of airline and hotel partners, as well as gift cards, employee incentives, concierge redemptions, and credit towards other invoices.
“At a time when American consumers are decidedly reward-driven, business payments like rent, utilities, and taxes often go unrewarded because of credit card restrictions or incompatible payment systems. By using PayRewards, business owners can earn points on all their bill payments, both ACH/bank transfers and credit cards, turning previously unrewarded spending into a rewards currency. These points are redeemable across major airline and hotel loyalty programmes, cabin and room upgrades, gift cards, employee incentives, custom requests, or credit against future invoices on the platform,” Blake Hutchison, PayRewards US CEO.
“Unlike subscription-based bill-pay tools, PayRewards charges no monthly platform fee. A business pays only when it chooses to earn points. PayRewards can effectively double the rewards on the same dollar because it layers its points on top of the card rewards that a business already earns. PayRewards calls this the Double-Dip,” he added further.
“PayRewards is an end-to-end platform that makes it simple to pay anyone, by card or bank transfer, and earn full credit card and PayRewards Points in return,” Hutchison observed.