Nearpay
Latest round
- Series A
Last raised
- Dec 2023
Total raised
- $14M
Investors
- 5
About Nearpay
Nearpay Inc. is a Saudi Arabian company that provides Payment Infrastructure as a Service, specializing in enabling efficient in-person NFC card payments through its innovative SDK.Founded in 2020 and headquartered in Riyadh, Saudi Arabia, Nearpay Inc. focuses on delivering payment solutions that empower merchants to accept contactless payments effortlessly.Nearpay specializes in providing Payment Infrastructure as a Service, with a primary focus on enabling in-person NFC card payments through its NearPay SDK. This innovative solution allows businesses to integrate contactless payment capabilities into their applications within 30 minutes, enhancing transaction efficiency and security. The end users of NearPay’s services include merchants across various sectors who aim to facilitate seamless transactions for their customers. By streamlining the process of accepting payments, Nearpay addresses the growing demand for quick, secure, and versatile payment methods in different geographical markets, including North America, Europe, and parts of Asia.Nearpay generates revenue through its payment processing services, primarily from businesses that utilize its SDK to accept NFC card payments. The transaction structure typically involves merchants subscribing to the service, which includes onboarding support and access to the full suite of payment functionality. This service model allows merchants to manage their transactions effectively while benefiting from Nearpay’s compliance and security features. Pricing plans are structured to accommodate various business sizes and needs, aligning with the capabilities provided by the NearPay SDK.In December 2023, Nearpay Inc. The company aims to launch new product features and enhance its existing services in the upcoming year. Nearpay plans to expand into additional markets within Europe and Asia, targeting specific countries that are experiencing rapid growth in digital payments by the end of 2024.
Who invested in Nearpay
5 investors across 1 round
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Funding rounds
Series A
Dec 12, 2023
Amount
$14M
Investors
Questions about Nearpay
Who invested in Nearpay?
Nearpay has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Nearpay raised?
Nearpay has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Nearpay last raise money?
Nearpay's most recent round on record is a Series A, in Dec 2023.
What does Nearpay do?
Nearpay is a financial services company.
Where is Nearpay headquartered?
Nearpay is headquartered in Riyadh, Saudi Arabia.
Which VCs invest in companies like Nearpay?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at Nearpay's stage. Their profiles are linked below.
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