About PayNearMe
PayNearMe is a company based in Santa Clara (United States) founded in 2009.. PayNearMe has raised $203.2 million across 13 funding rounds from investors including Khosla Ventures, Trinity Cap and SuRo Capital. The company has 242 employees as of December 31, 2022. PayNearMe has completed 1 acquisition, including BillGO. PayNearMe offers products and services including Payment Platform, Cash at Retail, and Integration Services. PayNearMe operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and Wright Express, among others.
- Headquarter Santa Clara, United States
- Employees 242 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Paynearme, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$203.2 M (USD)
in 13 rounds
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Latest Funding Round
$50 M (USD), Series E
Sep 16, 2025
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Investors
Khosla Ventures
& 15 more
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Employee Count
242
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of PayNearMe
PayNearMe offers a comprehensive portfolio of products and services, including Payment Platform, Cash at Retail, and Integration Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for accepting and managing payments efficiently
Network enabling cash payments at retail locations
Services for connecting payment systems with business tools
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Funding Insights of PayNearMe
PayNearMe has successfully raised a total of $203.2M across 13 strategic funding rounds. The most recent funding activity was a Series E round of $50 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series E — $50.0M
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First Round
First Round
(15 May 2009)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series E - PayNearMe | Valuation | unknown |
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| May, 2023 | Amount | Series F - PayNearMe | Valuation | QIC | |
| Oct, 2019 | Amount | Debt – Conventional - PayNearMe | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PayNearMe
PayNearMe has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include Khosla Ventures, Trinity Cap and SuRo Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early stage fintech, data, AI, and security companies
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Founded Year | Domain | Location | |
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Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayNearMe
PayNearMe has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BillGO. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bill payment processing solutions are provided for businesses and consumers.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PayNearMe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paynearme Comparisons
Competitors of PayNearMe
PayNearMe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, PayPal, Flutterwave, Square and Wright Express, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paynearme
Frequently Asked Questions about PayNearMe
When was PayNearMe founded?
PayNearMe was founded in 2009.
Where is PayNearMe located?
PayNearMe is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Is PayNearMe a funded company?
PayNearMe is a funded company, having raised a total of $203.2M across 13 funding rounds to date.
How many employees does PayNearMe have?
As of Dec 31, 2022, the latest employee count at PayNearMe is 242.
What does PayNearMe do?
PayNearMe was founded in 2009 and is based in Santa Clara, United States. Operations focus on the fintech sector, where payment gateway solutions are delivered to businesses. Payments are enabled through various methods, including digital wallets, mobile apps, cash, ACH transfers, and credit or debit cards. A dashboard is included for monitoring transactions and engaging with customers.
Who are the top competitors of PayNearMe?
PayNearMe's top competitors include Stripe, PayU and Flutterwave.
What products or services does PayNearMe offer?
PayNearMe offers Payment Platform, Cash at Retail, and Integration Services.
How many acquisitions has PayNearMe made?
PayNearMe has made 1 acquisition, including BillGO.
Who are PayNearMe's investors?
PayNearMe has 16 investors. Key investors include Khosla Ventures, Trinity Cap, SuRo Capital, QIC, and True Ventures.