PayNearMe
Sunnyvale, US · Founded 2009 · Delaware corporation · 9 known investors
PayNearMe operates a payments platform for billers and operators, spanning digital payment methods and a cash-at-retail network.
Founders & leadership
PayNearMe was founded in 2009 by Danny Shader.
Board
Investors · 9
Reported raises · per SEC filings
Form D private placements$148.3M disclosed across 7 rounds · 2013–2023
▶$45MraisedMay 2023 · 8 investors · Other TechnologyRule 506(b)
- Bill ClericoDirector
- Jon CallaghanDirector
- Mirna DaoukExecutive Officer
- Daniel J. ShaderExecutive Officer, Director
- Lauren BrownExecutive Officer
- Offering amount
- $50M
- Amount sold
- $45M
- First sale
- Apr 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$22.8MraisedAug 2021 · 10 investors · Other TechnologyRule 506(b)
- Daniel J. ShaderExecutive Officer, Director
- Lauren BrownExecutive Officer
- Bill ClericoDirector
- Jon CallaghanDirector
- Mirna DaoukExecutive Officer
- Offering amount
- $30M
- Amount sold
- $22.8M
- First sale
- Aug 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$6.2MraisedOct 2019 · 6 investors · Other TechnologyRule 506(b)
- Jon CallaghanDirector
- Daniel J ShaderExecutive Officer, Director
- Kristina CampbellExecutive Officer
- Offering amount
- $11M
- Amount sold
- $6.2M
- First sale
- Sep 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$19MraisedJul 2018 · 16 investors · Other TechnologyRule 506(b)
- Daniel J. ShaderExecutive Officer, Director
- Lauren BrownExecutive Officer
- Kristina CampbellExecutive Officer
- Jon CallaghanDirector
- Mark BrittoDirector
- Offering amount
- $30M
- Amount sold
- $19M
- First sale
- Apr 2018
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$20.5MraisedJan 2017 · 13 investors · Other TechnologyRule 506(b)
- Kristina CampbellExecutive Officer
- Daniel J. ShaderExecutive Officer, Director
- Mark BrittoDirector
- Jon CallaghanDirector
- Allison AmadiaExecutive Officer
- Offering amount
- $30M
- Amount sold
- $20.5M
- First sale
- Dec 2016
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$14.7MraisedApr 2015 · 8 investors · Other TechnologyRule 506(b)
- Dan LevitanDirector
- Mark BrittoDirector
- Jon CallaghanDirector
- Daniel J. ShaderExecutive Officer, Director
- Offering amount
- $14.7M
- Amount sold
- $14.7M
- First sale
- Mar 2015
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$20MraisedFeb 2014 · 8 investors · Other TechnologyRule 506(b)
- Mark BrittoDirector
- Jon CallaghanDirector
- Daniel J. ShaderExecutive Officer, Director, Promoter
- Dan LevitanDirector
- Offering amount
- $20M
- Amount sold
- $20M
- First sale
- Dec 2013
- Incorporated
- Corporation, Delaware, 2009
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026PayNearMe provides a payment processing platform aimed at businesses that collect recurring or invoiced payments from consumers. The company positions its product around what it calls Payment Experience Management: rather than only moving funds, the platform is presented as covering the end-to-end payment process, including the consumer-facing interface, support staff tooling and back-office operations. Core capabilities advertised include modern payment processing, automation and self-service payment flows, a wide range of payment options and channels, exception management (covering chargebacks and fraud), and a cash-at-retail acceptance network.
The stated objectives for clients are lowering the total cost of acceptance by reducing phone payments, manual reconciliation and the use of multiple systems; raising payment acceptance rates so fewer transactions must be retried, collected or written off; and increasing the share of payments handled through self-service. The platform is offered with integrations to third-party systems, including loan management systems, and is described as configurable to industry-specific requirements.
Business model
PayNearMe sells a payments platform to businesses that bill consumers, offering a single platform, contract and integration for deposits, disbursements and collections, together with integration partnerships and dedicated client support.
▸Full profile — market position, technology, go-to-market, geography
Market position
Competes with payment providers and processors serving billers and collections-oriented industries, differentiating on breadth of the payment experience rather than funds movement alone.
Emphasizes an end-to-end payment experience covering customers, support staff and operations, broad payment option coverage including cash at retail, and reduction of manual intervention and total cost of acceptance.
Technology
A payment platform supporting multiple payment methods and channels, including mobile wallets and cash payments at retail locations, with automation and self-service features, exception and chargeback handling, and integrations into client systems such as loan management systems.
Go-to-market
Direct sales supported by demo scheduling, industry-specific solution pages, integration partners, client case studies, research reports, webinars and events.
Auto and consumer lenders, credit unions, iGaming operators, buy-here-pay-here dealers, tolling authorities, mortgage servicers, law firms and personal lending companies such as OneMain Financial.
Geography
Headquartered in the United States, with a cash-at-retail acceptance network and industry solutions oriented to US billers such as tolling authorities and mortgage servicers.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Competitors · 7
by search overlap
Companies competing with PayNearMe for the same Google search keywords, organic and paid, via search-intersection analysis.
Legal entities · 1
corporate structure▸Research sources · 1
primary sources listed
- PayNearMepaynearme.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does PayNearMe do?
- PayNearMe operates a payments platform for billers and operators, spanning digital payment methods and a cash-at-retail network.
- Who founded PayNearMe?
- PayNearMe was founded by Danny Shader in 2009.
- Who are PayNearMe's investors?
- PayNearMe's investors include Dns Capital, Evolution VC Partners, GMO VenturePartners, Maveron, Multiplier Capital, Next Legacy Partners, True Ventures, Union Grove Venture Partners and 1 more.
- How much funding has PayNearMe raised?
- PayNearMe has disclosed $148.3M raised across 7 rounds.
- Where is PayNearMe headquartered?
- PayNearMe is headquartered in Sunnyvale, US.