PayNearMe, a Santa Clara, CA-based fintech company focused on improving the consumer payment experience, raised $45M in Series D funding.
The round was led by Queensland Investment Corporation (QIC), with participation from True Ventures, Costanoa Ventures, August Capital, DNS Capital, Invicta Management and H. Barton Asset Management.
The company intends to use the funds to accelerate its growth, further develop its innovative payments platform, and create data-driven value for its clients.
Led by CEO Danny Shader, PayNearMe develops technology that drives payment experiences for businesses and their customers. Its platform helps businesses increase customer engagement, improve operational efficiency and drive down the total cost of accepting payments.
The company processes a wide range of payment types including Apple Pay, Google Pay, PayPal, Venmo, cards and ACH, and has enabled cash payments through our proprietary cash network since 2009. Its cash payments are accepted at more than 40,000 retail locations in the U.S. including participating 7-Eleven®, Walmart®, Family Dollar®, Casey’s General Stores® and ACE Cash Express®, among others.
FinSMEs
05/06/2023