What is PayRange?
PayRange operates a mobile application designed to facilitate payments for a wide array of services, including vending machines, parking meters, laundromats, and transit ticketing. Founded in 2013 and based in Portland, Oregon, the company aims to streamline the payment process for consumers and operators alike. By enabling users to pay via their smartphones, PayRange addresses the growing demand for convenient, cashless transactions in diverse unattended environments. The company's technology bridges the gap between mobile payment capabilities and traditional payment infrastructure.
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 Matrix Partners, Nyca Partners, and Google Ventures
Unspecified (2020): $70M featuring Undisclosed
Key Investors in PayRange
Nyca Partners
Nyca Partners is a venture capital firm focused on connecting financial institutions with innovative startups. They manage significant assets and support a broad portfolio, aiming to bridge gaps in the financial landscape through disciplined investment strategies.
Matrix Partners
Matrix Partners is a Chicago-based firm specializing in pet product strategy and marketing. Since 1987, they have developed successful campaigns for numerous consumer and pet product brands, demonstrating a strong track record in consumer-focused ventures.
Google Ventures
GV, formerly Google Ventures, is a global venture capital firm investing across various stages and sectors, with a focus on enterprise solutions, life sciences, and frontier technology. They provide financial backing to promising startups and growth-stage businesses worldwide.
What's next for PayRange?
With its substantial enterprise-level backing and recent strategic investment, PayRange is well-positioned for significant scaling and innovation. The company's trajectory suggests a focus on expanding its network of supported machines and services, potentially exploring new verticals within the automated service industry. Future developments may include enhanced user features, deeper integration with IoT capabilities, and strategic partnerships to further solidify its market presence. The consistent capital injections indicate strong investor confidence in PayRange's business model and its potential to capture a larger share of the evolving payment landscape.
See full PayRange company page
