Funding

Fintech Startup PayRewards Raises $28M in Series E Funding

Aug 25, 2026 | By Devin Jacobs

SUMMARY

PayRewards raised $28M in Series E funding.
The funding will support its U.S. expansion and operations.
PayRewards helps small businesses earn rewards on everyday spending.

PayRewards, a Dallas, TX-based provider of a rewards-first platform for small business payments, raised $28M in a Series E funding round, bringing the total amount to $70 million. The investors were not disclosed.

The company plans to use the new capital to launch and expand its operations in the United States.

Funding Snapshot

Metric	Details
Fundraise Amount	$28 million
Funding Stage	Series E
Total Funding	$70 million
Valuation	Not disclosed
Company	PayRewards
Sector	Fintech / Business Payments
Headquarters	Dallas, Texas, USA
Parent Company	Pay.com.au

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About PayRewards

Founded in 2025 PayRewards is the U.S. arm of Australia-based Pay.com.au, a payments and rewards platform designed to help businesses earn points on expenses that traditionally do not generate rewards.

The platform enables businesses to earn points on both bank transfers and card payments. Rewards can be redeemed through airline and hotel loyalty programs, gift cards, employee incentives, concierge services or credits toward future invoices.

Core offerings include:

Rewards on ACH and bank-transfer payments
Credit card payment rewards
Airline and hotel loyalty rewards
Gift cards
Employee incentives
Invoice credits

Core Technologies / Products / Services

Capability/Product	Application/Use Case
ACH Rewards	Allows businesses to earn points on bank-transfer payments
Card Rewards	Adds PayRewards points to existing card rewards
Double-Dip	Enables businesses to earn PayRewards points alongside existing card rewards
Loyalty Redemptions	Converts points into travel, gift cards and other benefits

Leadership Comments

Says PayRewards U.S. CEO Blake Hutchison, "PayRewards is an end-to-end platform making it simple to pay anyone, by card or bank transfer, and earn full credit card and PayRewards Points in return."

"The rewards are incredibly flexible. It's the best rewards program we've used across our business, and we're earning points on expenses we'd be paying anyway," says Steve Shillington, McDonald's franchisee and PayRewards customer.