PayNearMe Raises $50 Million to Enter New Markets

PayNearMe Raises $50 Million to Enter New Markets

Payments FinTech PayNearMe says it has secured $50 million in new funding. The Series E investment from AVP (Atlantic Vantage Point) is designed to speed PayNearMe’s expansion into new markets and fuel investment in products to simplify the end-to-end payment experience for its customers, the company said Tuesday (Sept. 16). “For too long, payments have been treated only as a cost of doing business,” Danny Shader, CEO of PayNearMe, sai…

PayNearMe Lands $50 Million to Expand into New Markets

PayNearMe raises $50 million in Series E funding, bringing its total funding to $168 million since its founding in 2009. The company is rebranding its platform as PayXM, signaling a shift from payment processing to Payment Experience Management. The shift shows PayNearMe’s focus on the customer experience in which it aims to make payments seamless, strategic, and embedded across industries. Payments innovator PayNearMe is raking in $50 million i…