- 1 July 2021 22:15
Payright signs flagship merchants Masport and Service Seeking
Buy now pay later (BNPL) provider, Payright Limited (ASX: PYR) has signed agreements with outdoor equipment manufacturer, Masport, and trade and services marketplace, Service Seeking, as a primary finance partner.
The agreements provide access for Payright to accredit up to 1,400 Masport dealers in both Australia and New Zealand, and to provide BNPL finance for all consumer listed jobs for Payright accredited tradespeople and businesses through the Service Seeking marketplace.
Payright will be actively promoted by both companies and will work closely together to integrate Payright into its platform as a payment solution for customers looking for a more affordable way to spread the cost of their purchase over time.
Masport is a manufacturer with a 100-year history, specialising in outdoor power equipment such as lawnmowers, shredders, cultivators and outdoor leisure products such as barbecues and patio heaters. The company is known for providing quality products, exporting to over 40 countries worldwide.
Service Seeking is a trades and services marketplace that helps Australians to find and secure vendors for all manner of jobs. On average, a new job is posted every 47 seconds and ranges from the need to install a new roof, renovate a bathroom, fix a leaky tap, get a tax refund, clean a home, or design a website. Service Seeking provides quotes from its supplier base of 250,000 local businesses.
Co-CEO Piers Redward said, “The integration with Masport and Service Seeking are highly complementary relationships that will allow both parties to benefit from the solution. The agreement is part of our strategy to actively pursue sectors in the home improvement and outdoor living sectors and gives us access to a large number of merchants, substantially increasing our footprint in the Australian and New Zealand markets.”
Co-CEO, Myles Redward, said, “We want to offer our customers and merchants a best-in-class finance solution and experience. Our technology and expanded functionality provide an improved user experience that is attracting high calibre merchants and customers to our platform, giving them access to a better way to pay. We look forward to working closely with Masport and Service Seeking to offer its users a more flexible way to pay for their next purchase.”