PayRewards Raises $28 Million in Series E Funding
PayRewards, a Dallas-based company that enables businesses to convert everyday expenses into rewards by paying vendors via credit card, announced on August 24, 2026, that it has raised $28 million in a Series E funding round. The company, which also helps optimize cash flow for businesses, did not disclose the names of the investors involved in this round.
Leadership and Vision
Blake Hutchison, CEO of PayRewards, continues to lead the company in its mission to streamline vendor payments while offering the added benefit of earning credit card rewards. With this latest funding, PayRewards is positioned to further enhance its platform and expand its offerings.
Strategic Use of Funds
While specific plans for the $28 million have not been detailed, it is anticipated that the funds will be used to enhance product development and potentially expand PayRewards' market reach. The infusion of capital will likely support ongoing innovation in their payment solutions, aimed at providing more value to their business customers.
About PayRewards
PayRewards is known for its unique approach to business expenses, allowing companies to pay any vendor by card and earn full credit card rewards. This service not only helps businesses manage their cash flow more effectively but also maximizes the benefits of their existing financial tools.
Looking Ahead
The Series E funding marks a significant milestone for PayRewards, as it continues to grow and adapt to the evolving needs of businesses looking for efficient financial solutions. The company remains focused on its goal of transforming the way businesses manage and benefit from their everyday expenses.