PayRewards - About the company
PayRewards is a series E company based in Dallas (United States), founded in 2025 by Grant Austin, Damien Waller and Edward Alder. It operates as a Provider of payment processing services for business to business transactions. PayRewards has raised $70M in funding. The company has 44 active competitors, including 12 funded and 8 that have exited. Its top competitors include companies like Tipalti, Lumanu and Finexio.
Company Details
Provider of payment processing services for business to business transactions. This platform enables organizations to settle invoices and manage expenses through credit cards, wire transfers, and automated clearing house payments. The system facilitates the consolidation of financial obligations into a single interface to streamline vendor payments. Users earn rewards on processed transactions, which can be redeemed for travel benefits or digital gift cards. The infrastructure includes security protocols for data protection and automated recurring payment features to assist with financial management.
Key Metrics
Founded Year
2025
Location
Dallas, United States
Stage
Series E
Total Funding
$70M in 1 round
Latest Funding Round
Ranked
8th among 44 active competitors
Employee Count
18 as on Sep 30, 2026
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PayRewards's funding and investors
PayRewards has raised a total funding of $70M over 1 round.
Here is the list of recent funding rounds of PayRewards:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 24, 2026 | 5077318 | Series E | 6693057 | 5465885 | 9951430 | 3089635 |
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PayRewards' founders and board of directors
Founder? Claim ProfileThe founders of PayRewards are Grant Austin, Damien Waller and Edward Alder. Grant Austin is the CEO of PayRewards.
Here are the details of PayRewards' key team members:
- Grant Austin: Co-Founder & CEO of PayRewards and founder of 1 other company.
- Damien Waller: Co-Founder of PayRewards.
- Edward Alder: Co-Founder & MD of PayRewards.
View details of PayRewards's Founder profiles and Board Members
PayRewards' employee count trend
PayRewards has 18 employees as of Sep 26. Here is PayRewards's employee count trend over the years:
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PayRewards's Competitors and alternates
Top competitors of PayRewards include Tipalti, Lumanu and Finexio. Here is the list of Top 10 competitors of PayRewards, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Tipalti 2010, Foster City (United States), Series F | Cloud-based procurement and invoice management solutions for businesses | $553M | 73/100 | |
2nd |  Lumanu 2016, Milwaukee (United States), Series A | Influencer discovery and marketing platform | $17M | 62/100 | |
3rd |  Finexio 2015, San Mateo (United States), Series B | Provider of accounts payable automation and payment processing solutions for businesses | $83.5M | 58/100 | |
4th | MineralTree 2010, Cambridge (United States), Acquired | Cloud-based accounts payable solutions for businesses | $123M | 54/100 | |
5th | Nvoicepay 2009, Beaverton (United States), Acquired | Provider of AP automation, commercial cards, and cross-border payment solutions | $28.8M | 52/100 | |
6th |  Dash Solutions 1998, Birmingham (United States), Funding Raised | Payout and payment engagement solution for businesses | - | 49/100 | |
7th | Paymerang 2010, Richmond (United States), Acquired | AI-based invoice, payment, and accounts payable automation solutions for businesses | $36M | 47/100 | |
8th |  PayRewards 2025, Dallas (United States), Series E | Provider of payment processing services for business to business transactions | $70M | - | 36/100 |
9th | _1577166338974.png?devicePixelRatio=2&height=30&width=30){kind=logo} Lucrotec 2016, Rockaway (United States), Funding Raised | Accounts payable solutions | - | 40/100 | |
10th |  Koverly 2020, Concord (United States), Series A | Accounting and payments management platform | $26.6M | 40/100 |
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PayRewards's Investments and acquisitions
PayRewards has made no investments or acquisitions yet.
Reports related to PayRewards
Here is the latest report on PayRewards's sector:
News related to PayRewards
Media has covered PayRewards for a total of 3 events in the last 1 year, 1 of them has been about company updates.
•
Quintessent Raises $40 Million Series A for AI Cluster Laser DevelopmentSiliconAngle•Aug 25, 2026•Quintessent, PayRewards, XPENG, Cycle Capital and 2 others
•
PayRewards Secures $28M Series E Funding for US Market ExpansionThe SaaS News•Aug 25, 2026•PayRewards, Pay.com.au
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