PayNearMe

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.

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

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

• Payment processing platform
• Cash payment network
• Mobile wallet acceptance
• Payment experience management
• Lending payments software

Headquarters

HQ city

Santa Clara

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion5 records

Distribution channels6 records

Marketing channels12 records

Core 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

Named customers25 records

Segments10 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability12 records

Feature9 records

Partnerships

17 partnerships are on record, tiered core partner, flagship partner and minor partner.

• Cash App (Block)core partnerTechnology or Integration · 15 June 2026Integration 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 partnerGTM or Marketing Partner · 14 May 2026Co-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 or Co-development Partner · 17 March 2026Strategic 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 partnerStrategic or Co-development Partner · 23 February 2026Integrated 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 partnerChannel Partner/ Reseller/ Distributor · 19 September 2025Retail 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 partnerChannel Partner/ Reseller/ Distributor · 19 September 2025Retail cash-payment partner expanded as part of PayNearMe's Series E market-expansion plan.
• PayPalcore partnerTechnology or Integration · 1 January 2025Mobile-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 partnerTechnology or Integration · 1 January 2025Integration with IDMS via CMOR Solutions drives up self-service payments and lowers exceptions for BHPH lenders.
• 7-Elevencore partnerChannel Partner/ Reseller/ Distributor · 1 January 2025Participating retailer in PayNearMe's national cash-at-retail network of 62,000+ locations; within 5 minutes of 95% of the U.S. population.
• CVScore partnerChannel Partner/ Reseller/ Distributor · 1 January 2025Participating retailer in PayNearMe's cash-at-retail network; enables guaranteed cash bill payments for end consumers.
• Dollar Generalcore partnerChannel Partner/ Reseller/ Distributor · 1 January 2025Retail partner enabling cash-at-retail payments and cited as a focus retailer for PayNearMe's Series E geographic expansion.
• Krogerminor partnerChannel Partner/ Reseller/ Distributor · 1 January 2025Retail cash-payment partner within PayNearMe's national network.
• Casey'sminor partnerChannel Partner/ Reseller/ Distributor · 1 January 2025Retail cash-payment partner within PayNearMe's national network.
• Family Dollarminor partnerChannel Partner/ Reseller/ Distributor · 1 January 2025Retail cash-payment partner within PayNearMe's national network.
• Ace Hardwareminor partnerChannel Partner/ Reseller/ Distributor · 1 January 2025Retail cash-payment partner within PayNearMe's national network.
• Trustlycore partnerTechnology or Integration · 1 January 2024PayNearMe partnered with Trustly to enhance open-banking technology within the PayXM platform, featured prominently on the Modern Payment Processing page.
• GOLDPoint Systemscore partnerTechnology or Integration · 1 January 2023Integration 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

Direct 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

• Xx.com/PayNearMe
• Facebookfacebook.com/PayNearMe
• LinkedInlinkedin.com/company/paynearme

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds7 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PayNearMe