PayRange

PayRange

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Overview

PayRange is a simple mobile payment solution for vending, parking, transit ticketing, laundry, amusement, and more. In under a minute, operators of machines can install the PayRange BluKey without any tools enabling the machine to accept mobile payment.

PayRange was founded by long-time industry expert Paresh Patel to provide operators and consumers with the simplest, most accessible mobile payment solution possible. The solution includes a low-cost device that can be retrofitted into virtually any machine enabling it to accept mobile payments via Bluetooth 4.0 (BLE).

While PayRange’s system is designed to be extremely simple for the users, the complexity is abstracted behind the scenes. The PayRange system includes three elements: low-cost hardware, free app, and back-end service. Credit cards are processed directly by a PCI compliant provider.

About

Industries

Software, Mobile Apps, Mobile Payments, Payments, Transaction Processing, Vending and Concessions, Retail Technology

Founded

2013

Employees

11-50

Headquarters locations

United States, North America

Social

N/A

Profile Resume

PayRange headquartered in United States, North America, operates in the Software, Mobile Apps, Mobile Payments, Payments, Transaction Processing, Vending and Concessions, Retail Technology sector. The company focuses on Software and has secured $5.3B in funding across 168 round(s). With a team of 11-50 employees, PayRange is actively contributing to advancements in Software. Their latest funding round, Debt Financing - PayRange, raised $405.1K. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Paresh Patel

Paresh Patel

Founder and CEO

Funding Rounds

Funding rounds

6

Investors

0

Lead Investors

0

Total Funding Amount

$31.5M

Details

2

PayRange has raised a total of $31.5M in funding over 2 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2015Early Stage Venture12.0M
2014Seed2.8M

Investors

PayRange is funded by 22 investors.

Investor NameLead InvestorFunding RoundPartners
Nyca Partners-FUNDING ROUND - Nyca Partners2.8M
Google Ventures-FUNDING ROUND - Google Ventures2.8M
PayRange-FUNDING ROUND - PayRange2.8M
Jerry Murdock-FUNDING ROUND - Jerry Murdock2.8M

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