The buoyancy of the listed buy now, pay later stocks is filtering into the private market, with Afterpay competitor Payright securing $12 million in a funding round led by wealth managers Escala Partners.

It is the second local private BNPL fintech to raise funding in as many months, with white label BNPL business Limepay raising $6 million, showing that appetite for investing in split payments businesses stretches beyond the ASX.