Pay.com.au raises $53 million in US expansionPay.com.au, a B2B payments and rewards fintech, has raised $53 million to fund a US expansion valuing the business at $630 million. Since its launch in 2019 Pay.com.au has processed $10 billion in business expenses. The company booked an $8.5 million loss in the past financial year compared to $4 million the year before. Revenue grew from $33.2 million to $73 million. It has 100 staff in Melbourne and 20 in Vietnam and the Philippines.

Source: http://pay.com.au