(Portland, OR) – PAYNTR Golf, the industry’s leading innovator in golf footwear, today announces a remarkable year of growth and expansion during the first half of 2024, highlighted by a successful $1 million capital raise in the second quarter. This milestone underscores the company’s dedication to revolutionizing the golf footwear industry and expanding its global footprint.
PAYNTR Golf has experienced significant growth, with a 62% increase in units shipped in Q1 2024 compared to Q1 2023. This impressive growth is complemented by a 55% increase in overall sales during the same period. 2022 and 2023 saw PAYNTR Golf become North America’s fastest growing golf footwear brand. The brand is on a similar trajectory to accomplish this feat for three years running and has already shipped more shoes to customers in the first six months of 2024 than it did through the entirety of 2023.
Currently, 43% of PAYNTR Golf’s sales are direct-to-consumer, demonstrating the brand’s strong online and digital presence as well as its ability to connect directly with its customers. Large retailers such as PGA Tour Superstore are currently carrying several of the brand’s award-winning models.
Globally, PAYNTR Golf has significantly expanded its retail presence by increasing its number of green grass and major retail partners, now servicing distribution partners in North America, UK/Europe, Korea, Japan, Southeast Asia and South Africa. With this expansion, PAYNTR Golf covers more than 90% of the worldwide golf footwear market.
PAYNTR Golf launched in 2021 with a single style and three colorways, and since has rapidly expanded its product line to include more than 20 different styles and more than 200 different SKUs. This diversification includes the introduction of training shoes, catering to the evolving needs of golfers and athletes.
In March of 2024, the world’s former No. 1 golfer and PGA Championship winner, Jason Day, took an equity position in the brand. This further fueled PAYNTR Golf’s growth, in addition to the $1 million capital raise, enhancing the company’s ability to innovate and expand. Masters Champion and current PGA TOUR Champions player, Mike Weir, has been an ambassador for PAYNTR Golf since 2021.
The brand’s growing influence also is reflected through several professional golfers on the men’s, women’s and senior tours. Denny McCarthy, Ken Duke and Ashleigh Buhai are currently competing wearing PAYNTR Golf footwear. This also extends past the professional tours and into the World Long Drive circuit with 2022 Champion, Martin Borgmeier, boasting a signature colorway of the stand-out training product. Borgmeier’s involvement was key to implementing PAYNTR Golf’s propulsion technology into a golf training shoe fit for working out in the gym as well as running short and long distances.
PAYNTR Golf continues to collaborate with leading technology partners like Carbitex and Soft Spikes as well as VESSEL, a luxury golf bag brand, to enhance its offerings. For more information about PAYNTR Golf and its products, visit www.payntrgolf.com.
CONTACT
For Media Inquiries
Bo Wood – PAYNTR Golf
+1 864 421 2421
For Product Requests
Mitchell Jones – PAYNTR Golf
ABOUT PAYNTR GOLF
Based in Portland, Oregon, PAYNTR Golf designs, markets and distributes golf footwear and accessories created to enhance the performance of the golfer. Founded by three long-time sports performance footwear experts, Mike Forsey, Michael Glancy, and David Paynter, PAYNTR Golf is guided by the principle, ‘Performance Multiplied.’
Performance Multiplied – not just a marketing tagline for the brand, it’s foundational in everything they do. Inspired by creating new, solution based, crafted product, their design methodology is deeply grounded in the biomechanics of the golf swing and a profound understanding of the on-course needs of the golfer. By blending informed style and true performance benefit, PAYNTR Golf is well positioned to become the innovative product alternative for the passionate golfer.
PAYNTR Golf’s product line includes golf accessories and performance footwear for Men & Women. Products are available in premium golf specialty locations globally including North America, Korea, Japan, SE Asia, South Africa, United Kingdom and select countries in Europe. Company website: www.payntrgolf.com.
