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IPO-candidate Pay.com.au launches raise to fund US expansion

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A business-to-business payments player backed by the Gandel family, Luxury Escapes co-founder Adam Schwab and PSC Insurance founder Paul Dwyer has hit the fundraising circuit.

Pay.com.au, a platform that allows businesses to turn their expenses into frequent flyer points. Founder Ed Alder pictured. 

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/ipo-candidate-pay-com-au-launches-raise-to-fund-us-expansion-20241211-p5kxjp