What is PayRange?
Founded in 2013 and headquartered in Portland, Oregon, PayRange provides a comprehensive mobile application platform designed to modernize payment processing for vending machines, parking meters, luggage carts, and transit ticketing systems. The company operates at the intersection of fintech and the Internet of Things (IoT), enabling seamless, contactless transactions across a fragmented landscape of unattended retail. By replacing traditional coin and card-based hardware with a unified mobile interface, PayRange enhances operational efficiency for machine operators while providing consumers with a frictionless, secure payment experience. Its market position is defined by its ability to integrate with diverse legacy hardware, effectively transforming static assets into connected, data-driven endpoints.
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
A fintech venture capital firm specializing in seed to Series B investments across payments, infrastructure, and embedded finance, providing both capital and strategic industry expertise.
Google Ventures
A global venture capital firm that invests across multiple stages and sectors, focusing on enterprise solutions, frontier technology, and high-growth startups.
Matrix Partners
An award-winning firm with a long history of supporting consumer brands and developing successful marketing strategies for national product portfolios.
What's next for PayRange?
With the support of its latest capital injection, PayRange is poised to scale its infrastructure and expand its footprint within the automated retail and public transit markets. The company's strategic roadmap likely involves deepening its integration capabilities and enhancing its data analytics suite to provide operators with actionable insights into consumer behavior and machine performance. As the demand for contactless payment solutions continues to accelerate globally, PayRange is well-positioned to leverage its established network to capture additional market share. Future growth will likely focus on diversifying its service offerings and exploring new verticals where mobile-first payment solutions can drive significant operational improvements and revenue growth for enterprise partners.
See full PayRange company page
