PayRange
Latest round
- Series A
Last raised
- Jun 2015
Total raised
- $12M
Investors
- 1
About PayRange
Founded in 2013 and headquartered in Portland, US, PayRange Inc. focuses on cashless payment solutions for unattended retail settings. The company has undergone strategic development, resulting in a comprehensive product suite. Paresh Patel serves as the CEO and was involved in previous ventures prior to establishing PayRange.PayRange develops and offers a comprehensive suite of advanced cashless payment solutions and services tailored for unattended retail environments. Their core product suite includes hardware offerings like the BluKey, which integrates mobile payment capabilities across various machines, and the BluKey PayStation, a payment kiosk that accepts multiple forms of payment. Additionally, PayRange provides software solutions such as their Business Management Suite and Vending Management Solution, which facilitate seamless transactions, age verification, and access control. The technology is designed to enhance the consumer experience by enabling mobile-first commerce, thereby providing operators with tools to streamline operations and reduce costs.PayRange generates revenue through transactions facilitated by its payment solutions and software services, which are offered on a direct-to-consumer and B2B basis. The company employs a structure where operators or businesses that utilize PayRange's services are charged fees based on transaction volumes or software subscriptions. For example, operators of vending machines or laundromats can integrate PayRange’s technology to accept payments via the PayRange app, where users load funds through various methods like credit cards or digital wallets. This creates a reliable revenue stream as operators benefit from reduced coin handling and associated costs.In September 2024, Ridgeview Partners and Baupost Group agreed to acquire a majority stake in PayRange Inc. from GV, NYCA Partners, and Matrix Partners. This acquisition aims to strengthen PayRange's financial platform operations and strategic solutions, further accelerating its growth expansion plans in the market. The company is focused on designing new products and expanding into new geographic markets, although specific new product details and release dates have not been disclosed.
Who invested in PayRange
1 investor across 1 round
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Funding rounds
Series A
Jun 25, 2015
Amount
$12M
Investors
Questions about PayRange
Who invested in PayRange?
PayRange has 1 investor 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 PayRange raised?
PayRange has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did PayRange last raise money?
PayRange's most recent round on record is a Series A, in Jun 2015.
What does PayRange do?
Founded in 2013 and headquartered in Portland, US, PayRange Inc.
Where is PayRange headquartered?
PayRange is headquartered in Portland, US.
Which VCs invest in companies like PayRange?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at PayRange's stage. Their profiles are linked below.
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