PayNearMe Closes $20M Financing
Summary
PayNearMe, a Sunnyvale, CA-based electronic cash transaction network, closed a $20m round of financing.The investment was led by GSV Capital, with participation from August Capital, Khosla Ventures, Maveron and True Ventures.The company intends to use the funds to continue expansion into existing categories while launching into new vertical markets.Led by Danny Shader, CEO, PayNearMe provides consumers with a platform to pay bills and rent, repay loans, buy tickets and make online purchases with cash.Its cash transaction network allows payees to accept cash payments through any of 17,000 participating 7-Eleven, Family Dollar, and ACE Cash Express stores nationwide.
Funding
Amount
$20.0M
Total raised
Date
February 6, 2014
Announcement date
Investors
-
Lead investors
Company
http://www.paynearme.com
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
AskAI Classifications
Labels
Payment Technology
SaaS
Financial Software
Linked Companies
PayNearMe, Inc.
$10M to $25M