PayNearMe
PayNearMe operates the PayXM Payment Experience Management platform for 16,000-20,000+ businesses across auto lending, credit unions, iGaming, BHPH, tolling, and mortgage verticals, processing $50B+ annually via cards, ACH, mobile wallets, and a 62,000+ location cash-at-retail network.
- Company typePrivate
- Founded2009
- HeadquartersSanta Clara, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What PayNearMe does
PayNearMe, Inc. is a venture-backed private fintech founded in 2009 and headquartered in Santa Clara, California. The company operates the PayXM (Payment Experience Management) platform — a unified SaaS stack that combines modern payment processing (cards, ACH, and mobile wallets including Apple Pay, Google Pay, Venmo, PayPal, and Cash App Pay), digital disbursements, automation, exception management, and developer APIs for embedding PayNearMe within client workflows. The platform is anchored by proprietary, trademarked components: Smart Link (one-click personalized payment links sent via SMS, email, chat, agent interface, or QR code without requiring login), Smart Switch (redundant processor routing with real-time monitoring and automatic failover), a no-code Business Rules engine, an Engagement Engine for omnichannel reminders, an ML-driven Risk & Fraud Engine, an AI-powered Intelligent Virtual Agent (IVA), and a national cash-at-retail barcode network spanning 62,000+ locations (7-Eleven, CVS, Walmart, Walgreens, Kroger, Casey's, Family Dollar, Ace Hardware, Dollar General) within five minutes of 95% of the U.S. population. The company is licensed as a money transmitter in all applicable U.S. states via wholly-owned subsidiaries (PayNearMe MT, Inc. NMLS ID#957940 and PayNearMe Financial, Inc. NMLS ID#2642362) and maintains SOC1 Type II, SOC2 Type II, and PCI-DSS Level 1 certifications audited by A-LIGN.
PayNearMe earns revenue primarily through per-transaction fees on $50B+ in annual payment volume across 16,000-20,000+ businesses, supplemented by PayXM platform subscription fees, professional services, dedicated onboarding, and money-transmission revenue. Pricing is quote-based via a Schedule-a-Demo motion, with multi-year enterprise contracts bundled with 24/7/365 account management. Go-to-market is enterprise field sales augmented by inside-sales nurture, an integration-partner channel (LMS, DMS, PAM, and property-management systems including Deal Pack, AFS Vanguard, GOLDPoint, IDMS, Yardi, Buildium), heavy vertical tradeshow presence (G2E, ICE, IBTTA, AFSA, CBA Live, NAF, NIADA, SBC Summit Americas), and a direct-to-consumer cash-payment motion at retail. Primary verticals are Auto & Consumer Lending (OneMain, LendingClub, Westlake, CPS, UACC, Zeus Financial), Credit Unions & Financial Institutions (Redstone FCU), iGaming & Sports Betting (FanDuel, Caesars, Mohegan Sun, BetSaracen, BetMGM), Buy Here Pay Here Dealers (TriColor, Northwoods, Adonis, You Drive Auto), and Toll Operators (TCA/Toll Roads of Orange County), with secondary exposure to Mortgage Servicers, Property Management, Law Firms, and Healthcare.
The company has raised at least $118M in disclosed equity capital, including a $50M Series E from Atlantic Vantage Point's Growth Fund I (September 2025) and a $45M Series D led by Queensland Investment Corporation (June 2023), with earlier participation from August Capital, Khosla Ventures, Maveron, True Ventures, GSV Ventures, Costanoa Ventures, DNS Capital, H. Barton Asset Management, Verdure Capital Management, and UGVP. Other investors include Convective Capital. Founder Danny Shader remains CEO and Chairman; the executive team includes Paul Gormley (COO), Michael Kaplan (CRO), Anne Hay (CMO), John Minor (CPO), Lauren Brown (General Counsel), Steve Capps (Chief Innovator), Niall Hayes (CDO/EVP Engineering, joined April 2026 from Twilio), and Lee-Anne Farley (Chief People Officer). Board directors include Mark Britto, Jon Callaghan, Bill Clerico, and Elizabeth de Saint-Aignan, with David Hornik and Greg Sands as board advisors. PayNearMe reported record 2025 financial performance with $200M in revenue.
PayNearMe firmographics
Firmographics- Name
- PayNearMe
- Legal name
- PayNearMe, Inc.
- Website
- https://home.paynearme.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- PayNearMe operates the PayXM Payment Experience Management platform for 16,000-20,000+ businesses across auto lending, credit unions, iGaming, BHPH, tolling, and mortgage verticals, processing $50B+ annually via cards, ACH, mobile wallets, and a 62,000+ location cash-at-retail network.
- Ownership category
- akta.pro rank
PayNearMe industry classification
Industry- Product category
- Payment Experience Management / Payment Processing Platform
- SIC
- Wholesale-Computers & Peripheral Equipment & Software (5045)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industries
- Cash-to-Digital Networks (PayNearMe, Barcode/Cash-in) (MPAEALAF), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where PayNearMe is headquartered
LocationHeadquarters
- HQ city
- Santa Clara
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
PayNearMe business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment processing transaction fees: PayNearMe earns transaction-based revenue on the $50B+ it processes annually across cards, ACH, mobile wallets (Apple Pay, Google Pay, Venmo, PayPal, Cash App Pay), digital disbursements and cash at retail through its 62,000+ location network — fees charged per transaction or per dollar processed.
- PayXM platform SaaS subscription: Recurring SaaS revenue from the PayXM platform — including automation, exception management, Smart Link, Business Rules, Engagement Engine and IVA — sold as subscription-style platform access to lenders, credit unions, iGaming operators, toll authorities, mortgage servicers and BHPH dealers.
- Professional services & dedicated support: Revenue from professional services, dedicated onboarding and post-launch dev, migration assistance, and 24/7/365 account management for eligible clients.
- Licensing & money transmission: Revenue from licensed money transmission services (via PayNearMe MT, Inc., NMLS ID#957940 and PayNearMe Financial, Inc., NMLS ID#2642362), including disbursements to debit cards, ACH, PayPal and Venmo.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Custom quote-based pricing via 'Schedule a Demo' |
| Subscription | Multi-year contract | Enterprise platform subscription with professional services |
Go-to-market motion5 records
Distribution channels6 records
Marketing channels12 records
PayNearMe product offering
Product offeringCore offering
PayNearMe sells the PayXM™ Payment Experience Management platform, a SaaS payments stack that lets lenders, credit unions, iGaming operators, BHPH dealers, toll authorities and mortgage servicers accept cards, ACH, mobile wallets (Apple Pay, Google Pay, Venmo, PayPal, Cash App Pay) and cash at 62,000+ retail locations through a single integration. The platform bundles payment processing, wider payment options, automation/self-service, exception management, AI-powered engagement and dedicated partner services under one contract. Revenue is generated through per-transaction processing fees on $50B+ of annual volume plus recurring platform subscription, with related money-transmission services provided via NMLS-licensed subsidiaries.
Differentiator
Problem solved
Functional benefit
Brands
- PayXM: Payment Experience Management platform powering end-to-end payment processing, automation, self-service, and exception management for businesses.
- MoneyLine
Products and services
- PayXM Platform (Payment Experience Management)
- Smart Link
- Smart Switch
- Business Rules Engine
- Engagement Engine
- Intelligent Virtual Agent (IVA)
- Cash at Retail Network
- MoneyLine (iGaming Payments Platform)
- PayXM Self-Service Boost Capabilities (Payer Re-Engagement, Dynamic Payment Options, Invite a Payer)
- Cash App Pay for Real-Money Gaming
- Alorica Financial SST PayXM Integration
- Kinective x PayNearMe Partnership Integration
Quantifiable outcome
- 50%+ reduction in late payments in less than a year for Automotive Partners Funding
- +13 more outcomes
Companies that use PayNearMe
Customer profileNamed customers25 records
Segments10 records
Ideal customer profiles6 records
PayNearMe technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability12 records
Feature9 records
PayNearMe partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core partner, flagship partner and minor partner.
- Cash App (Block)core partnerIntegration enabling Cash App Pay for real-money gaming and other bill pay; BetSaracen announced as first worldwide operator to implement Cash App Pay via PayNearMe at SBC Summit Americas.
- Visacore partnerCo-branded webinar 'PayNearMe + Visa: Closing the Payment Experience Gap' (May 14, 2026) and broader thought-leadership collaboration around card acceptance and payments experience.
- Kinectiveflagship partnerStrategic partnership announced March 17, 2026 to expand PayNearMe's Payment Experience Management services to thousands of financial institutions through Kinective's ecosystem.
- Alorica Financial (Alorica Inc., SST)core partnerIntegrated the PayXM platform into Alorica Financial's SST loan-servicing ecosystem to add debit, credit, ACH, cash, and digital wallets (Apple Pay, Cash App Pay, Venmo, PayPal, Google Pay). SST manages $70B in portfolio servicing and processes payments across 32,000 financial professionals.
- Walmartcore partnerRetail partner for cash payments; cited in Payments Dive coverage as a key retailer PayNearMe is enhancing Reach through as part of its Series E expansion.
- Walgreenscore partnerRetail cash-payment partner expanded as part of PayNearMe's Series E market-expansion plan.
- PayPalcore partnerMobile-wallet integration (PayPal accepted for payments and disbursements); referenced in co-marketing webinars 'Mobile Wallets - Separating Fact from Fiction for Lenders with PayNearMe & PayPal'.
- DealerSocket IDMS (via CMOR Solutions)core partnerIntegration with IDMS via CMOR Solutions drives up self-service payments and lowers exceptions for BHPH lenders.
- 7-Elevencore partnerParticipating retailer in PayNearMe's national cash-at-retail network of 62,000+ locations; within 5 minutes of 95% of the U.S. population.
- CVScore partnerParticipating retailer in PayNearMe's cash-at-retail network; enables guaranteed cash bill payments for end consumers.
- Dollar Generalcore partnerRetail partner enabling cash-at-retail payments and cited as a focus retailer for PayNearMe's Series E geographic expansion.
- Krogerminor partnerRetail cash-payment partner within PayNearMe's national network.
- Casey'sminor partnerRetail cash-payment partner within PayNearMe's national network.
- Family Dollarminor partnerRetail cash-payment partner within PayNearMe's national network.
- Ace Hardwareminor partnerRetail cash-payment partner within PayNearMe's national network.
- Trustlycore partnerPayNearMe partnered with Trustly to enhance open-banking technology within the PayXM platform, featured prominently on the Modern Payment Processing page.
- GOLDPoint Systemscore partnerIntegration partner — end-to-end loan origination/servicing platform with deep API library; quotes from Garret MacArthur (SVP/Chief Revenue Officer) on the Testimonials page.
Scale indicators14 records
Recent moves7 records
Expansion highlights7 records
PayNearMe competitors and assessment
Company assessmentDirect peers
- Repay Holdings: Repay provides vertical-specific integrated payment processing solutions for lenders, BHPH auto dealers, healthcare, and other industries — a direct comparable to PayNearMe's lender/BHPH/mortgage focus, with similar LMS/DMS integration strategy and transaction-based revenue model.
- Priority Technology Holdings: Priority offers integrated payments and banking-as-a-service for verticals including lending, BHPH auto, and consumer finance. Comparable to PayNearMe in vertical specialization, ISO/agent distribution, and B2B payment-acceptance focus.
- NCR Atleos: NCR Atleos operates the ATM and cash-services network spun out of NCR. Comparable to PayNearMe's cash-at-retail distribution moat and money-transmitter infrastructure, and the closest direct competitor in physical cash-payment acceptance for billers and lenders.
- Green Dot Corporation: Green Dot provides prepaid debit cards, cash reload at retail (Walmart, CVS, Walgreens, 7-Eleven), and money processing for unbanked/underbanked consumers. Comparable to PayNearMe's cash-at-retail network and licensed money-transmitter business, both serving cash-preferred billpayers.
Broad incumbents
- ACI Worldwide: ACI Worldwide is an enterprise payments-software incumbent with bill payment, real-time payments, fraud and money-laundering offerings for banks, billers, and processors. Comparable to PayNearMe's bill-pay/fraud platform ambitions but at much larger scale and broader remit.
- Stripe: Stripe is the dominant horizontal payments platform with developer APIs, mobile wallets, fraud tooling and embedded finance. Comparable to PayNearMe as a payments-API platform for enterprise developers, with much broader horizontal reach but less vertical depth in lending and cash-at-retail.
- PayPal (Braintree): PayPal and Braintree are a horizontal payments incumbent offering card acceptance, mobile wallets (Venmo, PayPal), disbursements and fraud. Directly overlaps PayNearMe on wallet integrations (Apple Pay, Google Pay, Venmo, PayPal, Cash App Pay) and money transmission, but serves a much broader merchant base.
- Block (Square): Block (Square + Cash App) provides payment acceptance, banking, and consumer mobile wallet (Cash App Pay) for SMBs and consumers. Comparable to PayNearMe on digital-wallet acceptance and unbanked reach, with much larger consumer brand and balance sheet.
Emerging players
- Trustly: Trustly is an open-banking payment-rail provider with deep European roots expanding into U.S. account-to-account payments. Already a PayNearMe integration partner, but increasingly a peer for bank-payment and disbursement functionality embedded in lender and iGaming flows.
- Dwolla: Dwolla provides ACH and open-banking payment APIs for fintechs and lenders. Comparable to PayNearMe's developer/API-driven ACH and disbursement functionality, though with a smaller platform footprint and no cash-at-retail or vertical SaaS integrations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks7 records
Key highlights7 records
Customer concentration
PayNearMe social profiles
Digital presencePayNearMe compliance and trust
Trust signalCompliance6 records
PayNearMe financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayNearMe leadership team
Management profileNumber of profiles
Profiles1 record
PayNearMe subsidiaries and ownership
Company hierarchySubsidiaries2 records
PayNearMe funding detail
Funding detailFunding overview
Funding rounds7 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayNearMe M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PayNearMe
What does PayNearMe do?
PayNearMe sells the PayXM™ Payment Experience Management platform, a SaaS payments stack that lets lenders, credit unions, iGaming operators, BHPH dealers, toll authorities and mortgage servicers accept cards, ACH, mobile wallets (Apple Pay, Google Pay, Venmo, PayPal, Cash App Pay) and cash at 62,000+ retail locations through a single integration. The platform bundles payment processing, wider payment options, automation/self-service, exception management, AI-powered engagement and dedicated partner services under one contract. Revenue is generated through per-transaction processing fees on $50B+ of annual volume plus recurring platform subscription, with related money-transmission services provided via NMLS-licensed subsidiaries.
Is PayNearMe a public or private company?
PayNearMe is a private company. It is classified as venture growth investor backed and is currently operating.
When was PayNearMe founded?
PayNearMe was founded in 2009. It employs 251 to 500 people.
Where is PayNearMe based?
PayNearMe is headquartered in Santa Clara, United States, in the North America region.
How does PayNearMe make money?
Four revenue lines are on record. Payment processing transaction fees are the primary driver. The others are payXM platform SaaS subscription, professional services & dedicated support and licensing & money transmission.
Who are PayNearMe's main competitors?
Direct peers on record are Repay Holdings, Priority Technology Holdings, NCR Atleos and Green Dot Corporation. Broad incumbents are ACI Worldwide, Stripe, PayPal (Braintree) and Block (Square). Emerging players are Trustly and Dwolla.
Does PayNearMe have an API?
Yes. PayNearMe offers a fully extensible platform with a variety of APIs and developer documentation that enable clients to connect to the systems they care about most. Multiple implementation options are supported, including a fully-hosted payment experience as well as embedding PayNearMe within existing workflows via API connectors and code snippets. The platform supports no-code logic-based business rules, API-driven integrations, flexible APIs to systems of record (LMS/DMS/PAM/core banking), and developer resources for custom integrations.
What industry is PayNearMe in?
PayNearMe's product category is Payment Experience Management / Payment Processing Platform. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of MPAEALAF, Cash-to-Digital Networks (PayNearMe, Barcode/Cash-in). Its SIC code is 5045.