PayNearMe, with the slogan "Payments, meet progress," is a financial technology startup founded in 2009 and based in the United States. The company has positioned itself as a facilitator of the end-to-end customer payment experience, offering a modern and reliable platform that lowers the total cost of payments. Their technology increases acceptance rates, drives self-service, and simplifies exceptions, ensuring a seamless payment process for businesses. The most recent milestone for the company was a $45.00M Series D investment on 01 June 2023, with notable investors including Costanoa Ventures, August Capital, True Ventures, DNS Capital, H. Barton Asset Management, Queensland Investment Corp., and Verdure Capital Management. This significant investment reflects investor confidence in PayNearMe's potential for growth and impact in the financial services, fintech, and payments industries. One of the company's key offerings is its award-winning cash-at-retail network and Smart Link(TM) technology, which differentiates PayNearMe from its competitors and propels businesses forward in their payment strategies. As a wholly owned subsidiary of PayNearMe, Inc., PayNearMe MT, Inc. provides money transmission services, further highlighting the company's commitment to revolutionizing payment processes. With a strong focus on future-proofing their clients' payments roadmap, PayNearMe's inclusive approach encompasses all payment types and channels through a single contract and integration. The company's dedication to transforming outdated systems underscores its mission to enable businesses to overcome barriers and achieve progress in the evolving landscape of finance and technology. Follow PayNearMe on X and Facebook to stay updated on their innovative endeavors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series D | $45.00M | 7 | Queensland Investment Corporation | 01 Jun 2023 |
Debt Financing | $12.50M | - | 01 Jan 2020 | |
Venture Round | $14.70M | - | 19 Mar 2015 | |
Venture Round | $20.00M | 5 | 07 Feb 2014 | |
Venture Round | $10.00M | 4 | 23 Jan 2013 |
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