What is PayRange?
PayRange offers a mobile application designed to streamline payments for a diverse range of unattended machines and services. This includes vending machines, parking meters, luggage carts, transit ticketing, laundromats, and amusement devices. Founded in 2013 and headquartered in Portland, Oregon, PayRange addresses the growing demand for convenient, cashless payment options in everyday transactions. The company's platform simplifies the user experience by enabling payments directly from a smartphone, thereby enhancing accessibility and efficiency for both consumers and operators of these services. The company's focus on broad applicability across multiple sectors positions it as a key player in the evolving landscape of unattended commerce.
How much funding has PayRange raised?
PayRange has raised a total of $84.7M across 4 funding rounds:
Angel/Seed
$2.6M
Angel/Seed
$150K
Series A
$12M
Unspecified
$70M
Angel/Seed (2014): $2.6M with participation from Nyca Partners
Angel/Seed (2014): $150K led by Nyca Partners
Series A (2015): $12M supported by Nyca Partners, Google Ventures, and Matrix Partners
Unspecified (2020): $70M featuring Undisclosed
Key Investors in PayRange
Nyca Partners
Nyca Partners is a fintech venture capital firm that specializes in seed to Series B investments across payments, infrastructure, capital markets, and embedded finance. With over a decade of experience, the firm combines industry expertise with a collaborative approach, providing not just capital but also hands-on support and access to a vast network of senior leaders.
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors. The company focuses on enterprise solutions, life sciences, consumer products, and frontier technology innovations. GV operates globally with presence across North America, Europe, Asia, and South America, providing financial backing to promising startups and growth-stage businesses.
Matrix Partners
Headquartered in Chicago, Matrix Partners is an award-winning firm that specializes in pet product strategy, advertising and public relations. Passionate About PetsSM since 1987, Matrix has created successful marketing campaigns for hundreds of consumer and pet product brands.
What's next for PayRange?
The recent major strategic investment in PayRange signals a pivotal moment for the company, likely enabling accelerated development and broader market penetration. With a substantial total funding amount of $84.7M, PayRange is well-positioned to enhance its technological infrastructure, expand its service offerings, and forge new partnerships. The company's trajectory suggests a focus on solidifying its market leadership in mobile payments for unattended retail and automated services. Future growth may involve expanding into new geographic regions, integrating with additional machine types, and further optimizing the user payment experience to capture a larger share of the unattended payment market.
See full PayRange company page
