Santa Clara, CA - Sep 16, 2025 (UTC) - PayNearMe, a fintech company improving the payment experience for non-commerce businesses and their customers, has raised $50 million in Series E funding. The investment builds on the company’s previous $45 million Series D round led by Queensland Investment Corporation in June 2023, bringing the company’s total funding to over $278 million since inception.
The funding will enable PayNearMe to accelerate growth, further develop its innovative payments platform, and create additional data-driven value for clients across multiple vertical markets. The company’s modern platform helps businesses increase customer engagement, improve operational efficiency, and drive down the total cost of accepting payments by offering all major payment types and channels in a single solution.
PayNearMe processes a wide range of payment types including Apple Pay, Google Pay, PayPal, Venmo, cards and ACH, and has enabled cash payments through its proprietary network since 2009. The company’s cash payments are accepted at more than 40,000 retail locations across the United States, including participating 7-Eleven, Walmart, Family Dollar, Casey’s General Stores, and ACE Cash Express locations.
“Our growth has continued to accelerate as we serve the needs of more and larger clients,” said CEO Danny Shader. “This investment enables us to deploy additional resources to increase the rate of innovation for our clients, allowing us to support the increasing demand for frictionless payments in new and existing vertical markets by developing features that deliver value across the full payment experience.”
The company’s platform enables businesses to access payments data and leverage it as a strategic asset, allowing clients to create hyper-personalized experiences for their customers, increase operational efficiency, and uncover new revenue streams. PayNearMe serves thousands of business partners across industries including Consumer Finance, Property Management, Insurance, Healthcare, Legal Services, Transportation, and iGaming and Sports Betting.
“Payments data is the next emerging opportunity for businesses, and PayNearMe is enabling its clients to access that data and leverage it as a strategic asset,” said Matt Diestel, Partner at Queensland Investment Corporation, which led the company’s previous Series D round. “The company’s innovation is extremely powerful and will, no doubt, transform the payments industry.”
PayNearMe’s technology platform drives better payment experiences by offering flexible and reliable solutions that help businesses manage the end-to-end customer payment experience. The company has been focused on creating more value for clients and partners while expanding its offering into new vertical markets, with continued acceleration in growth as it serves larger enterprise clients.
About PayNearMe
PayNearMe develops technology that drives better payment experiences for businesses and their customers. The company’s modern, flexible and reliable platform helps businesses increase customer engagement, improve operational efficiency and drive down the total cost of accepting payments. PayNearMe enables more ways to pay by offering all major payment types and channels in a single platform. PayNearMe processes a wide range of payment types including Apple Pay, Google Pay, PayPal, Venmo, cards and ACH, and has enabled cash payments through its proprietary cash network since 2009. PayNearMe 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. Thousands of businesses partner with PayNearMe to manage the end-to-end customer payment experience in industries such as Consumer Finance, Property Management, Insurance, Healthcare, Legal Services, Transportation and iGaming and Sports Betting. The PayNearMe service is operated by PayNearMe MT, Inc., a licensed money transmitter.
