Pay.com.au launches $25 million pre-IPO capital raising for US expansion

Pay.com.au launches $25 million pre-IPO capital raising for US expansion


Business-to-business payments player Pay.com.au has one eye on an ASX-listing, another on North American expansion, as it launches a capital raising at a valuation double what it sought almost a year ago.

Street Talk understands the company, which is backed by the Gandel family, Luxury Escapes co-founder Adam Schwab and PSC Insurance founder Paul Dwyer, is in front of potential investors with a $25 million pre-IPO capital raising.

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