PayNearMe Valuation, Funding & Investors

PayNearMe is valued at $350M as of September 2025.

Last PayNearMe valuation

$350M

Series E · Sep 2025

Last PayNearMe funding round

$50M

Series E · Sep 2025

Cumulative funding PayNearMe raised

$140M

across 5 funding rounds

Key investors in PayNearMe

  • True Ventures
  • August Capital
  • Khosla Ventures
  • Maveron
  • Costanoa Ventures
  • AVP

PayNearMe Overview

About PayNearMe

PayNearMe is a cash payment platform enabling online purchases and bill payments through retail locations across the United States. Users generate barcodes via web or mobile for cash deposits at 7-Eleven, Walmart, and other chains, supporting e-commerce, rentals, utilities, and loans. Walnut Creek, California-headquartered since 2009, the company digitizes collections for property managers, lenders, and governments. It integrates payment reminders and mobile wallets, boosting on-time payments. PayNearMe serves partners like Uber and regional utilities, handling billions in annual transactions volume.


Founded

2009

HQ

United StatesSan Jose, CA

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Commission

Valuation

$350M (Sep 2025)

PayNearMe Valuation

PayNearMe is currently valued at $350M, based on its Series E in September 2025.

The $50M round was led by AVP.

PayNearMe valuation by funding round

PayNearMe valuation by funding round
DateStageValuation
Sep 2025Series E$350M

PayNearMe Funding History

PayNearMe has raised a total of $140M across 5 funding rounds.

PayNearMe's first fundraising round was a $10M Series A in January 2013. The most recent completed round was a $50M Series E in September 2025.

PayNearMe funding rounds

PayNearMe funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2025Series EAVP (lead)$50M$350MPayNearMe is a fintech company transforming payment experiences for non-commerce businesses across sectors including finance, property management, healthcare, insurance, and legal services. The company pioneered Payment Experience Management, a platform combining software and money movement services to optimize entire payment journeys, helping businesses accelerate transactions, lower acceptance costs, and improve profitability. Its rebranded platform PayXM is described as the industry's first purpose-built solution for comprehensive payment journey management supporting all major payment types and channels with integrations for CRMs and ERPs. In September 2025, PayNearMe secured $50 million in Series E funding led by Atlantic Vantage Point (AVP) through its Growth Fund I. The proceeds are earmarked for market expansion into new geographies and verticals such as consumer lending, iGaming, and underserved sectors like insurance and legal services, as well as advancing PayXM's capabilities and integration features. Total funding across all rounds now exceeds $163 million. PayNearMe demonstrated strong operational traction as of 2025. The company reported $200 million in revenue for 2025, representing 60% year-over-year growth, and processed over $50 billion in annual transaction volume. The platform serves approximately 2 million users monthly across more than 16,000 businesses in the United States, emphasizing PCI DSS compliance and accessibility across diverse payment methods including PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay, ACH transfers, card payments, and cash networks. Recent strategic moves included the 2024 acquisition of Prism Money for mortgage payments and the establishment of a new office in Dallas, Texas in August 2025.
Jun 2023Series DQIC (lead); DNS Capital; H. Barton Asset Management; Verdure Capital Management; August Capital; True Ventures; Costanoa Ventures$45M-PayNearMe is a Santa Clara, California-based fintech founded in 2009 that provides a payments platform enabling cash, debit, credit, ACH, and mobile payments including Apple Pay and Google Pay for businesses and organizations across the U.S. The platform helps clients increase customer engagement, improve operational efficiency, reduce payment costs, and leverage payments data for hyper-personalized experiences and new revenue streams. It has won multiple awards, including three Finovate Best of Show and four FinTech Breakthrough Awards for Best Consumer Payments Platform. On June 1, 2023, PayNearMe closed a $45 million Series D funding round led by Queensland Investment Corporation (QIC), with participation from True Ventures, Costanoa Ventures, August Capital, DNS Capital, H. Barton Asset Management, and others including Invicta Management. This brought total equity capital raised to over $118 million. Funds are allocated to accelerate growth, develop the payments platform, expand into new verticals and markets, increase innovation, and create data-driven value for clients serving larger enterprises with frictionless payments. QIC Partner Matt Diestel highlighted PayNearMe's role in enabling businesses to access payments data as a strategic asset, predicting industry transformation. CEO Danny Shader noted accelerating growth and plans to deploy resources for innovation across payment experiences. Recent partnerships include Allied Business Systems and Lottery Now using the MoneyLine platform.
Mar 2015Series A-$15M-PayNearMe raised $14.7 million in a Series E funding round on March 19, 2015, from earlier investors. The company had sought $50-80 million but settled for the smaller amount amid challenges, bringing total funding to approximately $71 million at that time. Investors included True Ventures, Khosla Ventures, and August Capital. Around this period, PayNearMe faced operational difficulties, including layoffs as it attempted to expand into new markets. The funding supported continued development of its cash payment platform for businesses and consumers. PayNearMe originated in 2009 with early rounds like Series A ($2.59M) and Series B ($3.3M), progressing through multiple subsequent financings.
Feb 2014Undisclosed stageGSV Ventures (lead); Maveron; August Capital; Khosla Ventures; True Ventures$20M-PayNearMe is an electronic cash transaction network founded in 2009 that enables consumers to pay bills, rent, utilities, loans, and make online purchases using cash at participating retail locations without filling out forms or visiting biller offices. The company's technology allows billers to send payment codes to customers via mobile phone or printed barcode, and payments are posted to biller accounts immediately upon receipt at retail locations. PayNearMe partnered with major retailers including 7-Eleven, Family Dollar, and ACE Cash Express, expanding its footprint to approximately 17,000 payment locations across the United States by early 2014. The company raised $20 million in Series E funding in February 2014, led by GSV Capital with participation from existing investors August Capital, Khosla Ventures, Maveron, and True Ventures. This round brought total funding to over $50 million to $56 million. PayNearMe experienced significant growth, tripling its payment volume between 2012 and 2013, with particular strength in rent payments, municipal services, and transportation. CEO Danny Shader noted that payment volume in the categories served by the company represented approximately $22 billion annually but declined to disclose the company's revenue or other detailed financial metrics. The company was targeting expansion into e-commerce, direct selling, banking, healthcare, and had an unannounced partnership in development with one of the largest U.S. banks at the time of the funding announcement.
Jan 2013Series AAugust Capital (lead); Maveron; Khosla Ventures; True Ventures$10M-PayNearMe operates a cash-based payments platform enabling consumers to make remote cash payments at retail locations such as 7-Eleven and Ace Cash Express stores. In January 2013, the company raised a Series D round led by August Capital, with participation from existing investors Khosla Ventures, Maveron, and True Ventures. Alongside the funding, PayNearMe launched PayNearMe Express, a self-serve platform allowing businesses like property managers, lending companies, educational providers, and collection agencies to accept cash payments without IT integrations. The company reported that its payment volume tripled year-over-year from 2011 to 2012 and planned to expand its retail footprint with two additional major chains in the first half of 2013.

Who has invested in PayNearMe?

11 investors have backed PayNearMe across its funding rounds, including True Ventures, August Capital, Khosla Ventures, Maveron, Costanoa Ventures and AVP.

Lead investors include AVP, QIC, GSV Ventures and August Capital.


PayNearMe Investors

Investors in PayNearMe by funding rounds participated
InvestorHQRoundsRoleFirst check
August CapitalUnited StatesSan Francisco, CA3LeadJan 2013
True VenturesUnited StatesSan Francisco, CA3ParticipantJan 2013
MaveronUnited StatesSan Francisco, CA2ParticipantJan 2013
Khosla VenturesUnited StatesSan Francisco, CA2ParticipantJan 2013
DNS CapitalUnited StatesChicago, IL1ParticipantJun 2023
H. Barton Asset ManagementUnited StatesSan Francisco, CA1ParticipantJun 2023
QICAustraliaBrisbane1LeadJun 2023
Verdure Capital ManagementUnited StatesNew York City, NY1ParticipantJun 2023
AVPFranceParis1LeadSep 2025

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by PayNearMe

PayNearMe has acquired 2 companies to date.

Last acquisition by PayNearMe was on September 9th 2026. PayNearMe acquired Marr Labs for undisclosed valuation.


Latest Acquisitions by PayNearMe

Marr Labs
Prism
Description
-
Prism is a personal finance mobile app available on iOS, Android, Windows, and Kindle that connects users to billers for automatic notifications and payments. The dashboard aggregates account balances from credit cards, debit cards, and banks to support budgeting and financial oversight.
HQ CountryUnited StatesUnited States
HQ City
-
Seattle, WA
Deal Date9 Sep 202631 May 2016
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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PayNearMe Competitors

PayNearMe competitors include listed companies like Pine Labs and AGS Transact, and private ones like Primer, Bolt, DotPe and SCI Ecommerce.

Public and private companies comparable to PayNearMe
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PrimerUnited KingdomLondonPrivate$4M-$425M106.3x
BoltUnited StatesSan Francisco, CAPrivate$2.3B-$270M-
DotPeIndiaGurgaonPrivate--$250M-
SCI EcommerceSingaporeSingaporePrivate--$235M-
Pine LabsIndiaIndiaPublicly listed$250M$14M$2.2B6.4x
AGS TransactIndiaIndiaPublicly listed$153M$21M$3M-

PayNearMe Public Comps

PayNearMe is still privately-owned, but its public comps include NHN KCP, Lesaka Technologies, Repay Holdings, Paysafe, CAB Payments Holdings, i3 Verticals, Tyro Payments, DANAL, Fonix and Boku.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NHN KCP$899M$44M0.2x0.1x3.2x3.1x
Lesaka Technologies$722M$67M0.5x0.8x5.5x4.7x
Repay Holdings$309M($165M)3.3x2.3x(6.1x)6.4x
Paysafe$1.7B$341M1.6x1.5x7.8x5.9x
CAB Payments Holdings$158M$47M1.9x1.8x6.5x6.5x
i3 Verticals$213M$43M2.4x2.3x11.8x8.7x
Tyro Payments$339M$48M0.6x0.5x3.9x3.9x
DANAL$164M($33M)2.3x2.3x(11.3x)33.3x

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Common questions about PayNearMe

When was PayNearMe founded?PayNearMe was founded in 2009.
Where is PayNearMe headquartered?PayNearMe is headquartered in San Jose, CA, United States.
Is PayNearMe publicly listed?No, PayNearMe is a private, VC-backed company.
What is PayNearMe's valuation?PayNearMe was last valued at $350M in its Series E in September 2025.
How much funding has PayNearMe raised?PayNearMe has raised $140M across 5 funding rounds.
What was PayNearMe's last funding round?PayNearMe's last funding round was a $50M Series E in September 2025, led by AVP.
Who are PayNearMe's investors?PayNearMe's investors include August Capital, True Ventures, Maveron, Khosla Ventures, DNS Capital, H. Barton Asset Management, QIC, Verdure Capital Management, AVP, Costanoa Ventures and 1 other.
Which companies are comparable to PayNearMe?Companies comparable to PayNearMe include Primer, Bolt, DotPe, SCI Ecommerce, Pine Labs and AGS Transact.
How many companies has PayNearMe acquired?PayNearMe has acquired 2 companies, including Marr Labs and Prism.

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