About PayRange
PayRange is a company based in Portland (United States) founded in 2013 was acquired by Turns in February 2025.. PayRange has raised $85.14 million across 6 funding rounds from investors including Turns, Ridgeview Partners and Matrix. PayRange has completed 3 acquisitions, including KioSoft, Turns and Vagabond Vending. PayRange offers products and services including BluKey, BluCheck, BluKey Connect, and BluKey PayStation. PayRange operates in a competitive market with competitors including FreedomPay, CM Telecom, QueueBuster, Softpay.io and Erply Retail POS, among others.
- Headquarter Portland, United States
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Payrange Inc.
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Products & Services of PayRange
PayRange offers a comprehensive portfolio of products and services, including BluKey, BluCheck, BluKey Connect, and BluKey PayStation. 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.
Facilitates cashless payments for laundry and vending machines
Handles age-gated payments for restricted machines
Provides real-time data for retail operations
Accepts various payment forms for self-service kiosks
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Funding Insights of PayRange
PayRange has successfully raised a total of $85.14M across 6 strategic funding rounds. 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 6
- Last Round Last Round
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First Round
First Round
(22 May 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - PayRange | Valuation |
investors |
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| Feb, 2020 | Amount | Series B - PayRange | Valuation |
investors |
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| Jun, 2015 | Amount | Series A - PayRange | Valuation |
investors |
| 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 PayRange
PayRange has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Turns, Ridgeview Partners and Matrix. 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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Technology-focused private equity investments are managed by the company.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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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 PayRange
PayRange has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include KioSoft, Turns and Vagabond Vending. 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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Provider of business management software for laundry
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2020 | ||||
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IoT-powered vending solutions are provided for the food industry.
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2011 | ||||
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Offers self-serve solutions including payments and management tools for businesses.
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2002 |
| 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 - PayRange
| 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 |
Payrange Comparisons
Competitors of PayRange
PayRange 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 FreedomPay, CM Telecom, QueueBuster, Softpay.io and Erply Retail POS, 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 |
Online payment gateway and MPOS solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Provider of engagement platform with AI agents and unified data tools
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| domain | founded_year | HQ Location |
All-in-one POS and business management system is provided.
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| domain | founded_year | HQ Location |
Android devices are converted into POS systems for contactless payments.
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| domain | founded_year | HQ Location |
Cloud-based POS and inventory management software is provided for retailers.
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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 Payrange
Frequently Asked Questions about PayRange
When was PayRange founded?
PayRange was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is PayRange located?
PayRange is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is PayRange a funded company?
PayRange is a funded company, having raised a total of $85.14M across 6 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on May 22, 2014.
What does PayRange do?
PayRange was founded in 2013 in Portland, United States, focusing on the fintech sector for vending machine transactions. A hardware device known as BluKey is installed on machines to handle secure credit card storage through a PCI-compliant processor. Customers use a dedicated smartphone application to select products and complete mobile-only payments, with no personal data transmitted to the device. Operations emphasize secure, contactless vending interactions.
Who are the top competitors of PayRange?
PayRange's top competitors include FreedomPay, CM Telecom and QueueBuster.
What products or services does PayRange offer?
PayRange offers BluKey, BluCheck, BluKey Connect, and BluKey PayStation.
How many acquisitions has PayRange made?
PayRange has made 3 acquisitions, including KioSoft, Turns, and Vagabond Vending.
Who are PayRange's investors?
PayRange has 4 investors. Key investors include Turns, Ridgeview Partners, Matrix, and Google Ventures.
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