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About Payright
Payright is an Australian consumer lender, providing merchants in Australia and New Zealand with interest free payment solutions at the point of sale. We specialise in funding high value, considered purchases.
Payright Limited, (ASX: PYR) successfully completed its Initial Public Offering, and was listed on the ASX on December 23rd 2020.
Share Price
As at August 19th 2022 12:11 PM
$0.115 | 0.000 (0%)
August 2nd 2022
July 27th 2022
May 5th 2022
August 27th 2021
June 17th 2021
Q3 Business Highlights
Gross receivables increased to $97.2 million as at 31 March 2022, up 59% up on prior corresponding period (pcp) with unaudited Fee Income of $3.9 million, up 36% on pcp. Future contracted revenue increased to $17.3 million, up $0.5 million from the prior quarter. PYR Gross Merchandise Value (GMV) reached $29.5 million in Q3, up 33% on pcp with an average loan amount of $4,155 and term of 2.4 years. In April 2022, PYR secured funding to accelerate growth and reduce funding costs by way of; $125 million warehouse facility with senior lender Goldman Sachs and mezzanine arranger iPartners. It is anticipated the warehouse facility will be expanded to meet further growth (subject to lender consent); and $9.5 million capital raising via placement & convertible notes, subject to approval by shareholders at an Extraordinary General Meeting scheduled for 5 May 2022. With a strengthened balance sheet, reduced cost of funding, prospects for future facility expansion, and all key lead indicators growing strongly, Payright is well positioned to accelerate its growth strategy and fast track its path to profitability.
