PayNearMe
2009
FOUNDED
PRIVATE
STATUS
61-70
EMPLOYEES
Series C1
LATEST DEAL TYPE
$6.25M
LATEST DEAL AMOUNT
17
INVESTORS
Description
Developer of a web and mobile based cash payments platform designed to facilitate online purchases and bill payments. The company's platform helps users to pay with cash for a range of goods and services from companies in e-commerce, property management, consumer finance and transportation, enabling businesses, government agencies and retail stores to digitize their cash collection process, reduce the headache of traditional cash and money order acceptance.
Website
Formerly Known As
Kwedit, PayNearMe, Inc., Kwedit, Inc.
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Primary Office
- 5201 Great America Parkway
- Suite 510
- Santa Clara, CA 94089
- United States
+1 (650) 000-0000
Request full access to PitchBook
You’re viewing a free company profile from the PitchBook Platform. To explore PayNearMe’s full profile, request a free trial.
PayNearMe Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 11. Later Stage VC (Series C1) | 24-Sep-2019 | $6.25M | 00000 | Completed | Generating Revenue | |
| 10. Later Stage VC (Series B1) | 14-May-2018 | 0000 | 00000 | Completed | Generating Revenue | |
| 9. Debt - General | 29-Jun-2017 | 0000 | 00000 | Completed | Generating Revenue | |
| 8. Later Stage VC (Series A1) | 05-Jan-2017 | 000.00 | 000.00 | 00000 | Completed | Generating Revenue |
| 7. Later Stage VC (Series E) | 03-Apr-2015 | 000.00 | 0000 | 00000 | Completed | Generating Revenue |
| 6. Later Stage VC (Series E) | 06-Feb-2014 | 0000 | 000.00 | 00000 | Completed | Startup |
| 5. Later Stage VC (Series D) | 07-Feb-2013 | 000.00 | 000.00 | 000.00 | Completed | Startup |
| 4. Accelerator/Incubator | 01-Jan-2013 | 000.00 | Completed | Startup | ||
| 3. Later Stage VC (Series C) | 16-Nov-2010 | $16.1M | $22.4M | 000.00 | Completed | Startup |
| 2. Early Stage VC (Series B) | 14-Feb-2010 | $3.3M | $6.3M | 000.00 | Completed | Startup |
PayNearMe Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|---|---|---|---|---|---|---|---|
| Series A1 | 00,000,000 | 00.000000 | 00 | 00.0 | 00.0 | 00 | 00.0 | 000 |
| Series A2 | 0,000,000 | 00.000000 | 00 | 00.0 | 000 | 00 | 00.0 | 00 |
| Series AA1 | 280,064,814 | $0.000100 | 8% | $0.09 | $0.09 | 1x | $0.09 | 0% |
PayNearMe Competitors (88)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Paysafe Group | Private Equity-Backed | London, United Kingdom | 0000 | 0000000 0000 | ||
| 0000 | Formerly VC-backed | San Francisco, CA | 00 | 000.00 | 000000&0 | 000.00 |
| 00000 | Formerly VC-backed | Amsterdam, Netherlands | 000 | 00.000 | 000000 - 000 | |
| 000000 | Accelerator/Incubator Backed | Zurich, Switzerland | 00.000 | 00000000000 | 00.000 | |
| 00000000 | Venture Capital-Backed | Scotts Valley, CA | 00 | 00.00 | 000000000 | 00.00 |
PayNearMe Acquisitions (1)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 00000 00000 | 31-May-2016 | 000000000000000000 | Financial Software | 000000 000000 |
PayNearMe Exits (1)
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| 00000 00000 | 31-May-2016 | 000000000000000000 | Completed |
|
PayNearMe Investors (17)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Board Seat |
Contact Info |
|---|---|---|---|---|---|---|
| Costanoa Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Union Grove Venture Partners | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| 7 Ventures | Corporate Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Ares Capital | PE-Backed Company | Minority | 000 0000 | 000000 0 | ||
| Sutter Rock Capital | Venture Capital | Minority | 000 0000 | 000000 0 |
PayNearMe Executive Team (24)
10 Former Executives
You’re viewing 5 of 24 executives. Get the full list »PayNearMe Board Members (5)
| Name | Representing | Role | Since | Contact Info |
|---|---|---|---|---|
| Dan Levitan | Maveron | Board Member | 000 0000 | |
| Daniel Shader | PayNearMe | Founder, Chief Executive Officer, President & Board Member | 000 0000 | |
| David Hornik JD | August Capital | Advisor & Board Observer | 000 0000 | |
| Jonathan Callaghan | True Ventures | Board Member | 000 0000 | |
| Mark Britto | Self | Board Member | 000 0000 |