PayRange
Company

Last deal

$7M

Amount

Convertible Note

Stage

07.11.2018

Date

3

all rounds

$31.5M

Total amount

date founded

Financing round

General

About Company
PayRange is a mobile payment technology that enables easy-to-use mobile payments for everyday purchases.

Industry

Sector :

Subsector :

founded date

18.04.2013

founders

Number of employees

Company Type

For Profit

Last funding type

Convertible Note

IPO status

Private

Description

PayRange was founded in 2013 by Paresh Patel, a serial entrepreneur and veteran of the automated retail industry. The company's technology can be installed inside laundry, vending, and amusement machines and uses the consumer's smartphone for connectivity and payment over Bluetooth. Consumers download the free mobile app (iOS, Android) and with flexible funding options, including all major cards and wallets (Apple Pay, Android Pay, and Masterpass), they are empowered to pay machines with ease. PayRange has established a footprint in over 300 major cities across North America, with over 100 million transactions flowing through their system.
Contacts

Contact Email

Phone number

Social url

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Number of Funding Rounds

$31.5M

Money Raised

Their latest funding was raised on 07.11.2018. Their latest investor Eastward Capital Partners. Their latest round Convertible Note

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Nyca Partners

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count Of Investments

116

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Matrix Partners

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Co-Investors
Investors
6
2

Number of lead investors

6

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Convertible Note, Series A, Venture - Series Unknown
Yes
Convertible Note, Venture - Series Unknown
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Edeems
Edeems
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John C. Morris

John C. Morris

Hans Morris is managing partner of Nyca Partners, a venture capital and advisory firm focusing on financial technology. He is director of portfolio companies Lending Club and Cardworks, as well as a director of KCG, XP Investimentos, and Oak Hill Advisors, which are portfolio companies of General Atlantic. He was a managing director at General Atlantic from 2010 to 2014 and continues as a special advisor. John Morris served as President of Visa Inc. from 2007-2009, joining Visa as it undertook a reorganization which merged several separate businesses into a new company. In March of 2008, Visa completed an offering of 51% of the company for $19.7 billion. John Morris' primary responsibilities included managing all of the markets in which Visa did business, and all sales and marketing. John Morris previously spent 27 years at Citigroup and its predecessor companies in several operating and management roles. In his final position, he was CFO and head of finance, technology and operations for Citi Markets and Banking, the global institutional and capital markets businesses of Citigroup. From 2000 until 2002, he was Vice Chairman, Chief Operating Officer, and Head of Client Management of the Investment Banking Division at Salomon Smith Barney, and for more than 10 years he was the head of the financial institutions group within the investment bank. John Morris graduated from Dartmouth College, and serves as Chairman of the Board of Trustees of the Massachusetts Museum of Contemporary Art, Chairman of the Board of Overseers of the Hopkins Center at Dartmouth College, and a Trustee of Jacobs Pillow.

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count Of Investments

3

count Of Exists

2
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Vagabond Vending acquired by PayRange

Vagabond Vending acquired by PayRange

acquirer

PayRange
PayRange

date

08.05.2023

type

Acquisition
Vagabond Vending

Vagabond Vending

Vagabond provides real-time business intelligence to vending operators through mobile-focused vending management software.

Sector

Software and Computer Services

Subsector

Consumer Digital Services

Keywords

Software, Information Technology

Location

Washington Cir NW, Washington, DC, USA

total rounds

5

total raised

$4.46M

People

Founders
1
Paresh Patel
Paresh Patel

Paresh Patel

Paresh Patel is the Founder and CEO of PayRange.

current job

PayRange
PayRange

organization founded

2

Paresh Patel

Employee Profiles
14
Michael Kitchen

Michael Kitchen

Chief Revenue Officer

Prashant Kanhere

Prashant Kanhere

CTO

Jorge Perez

Client services

Florin Andrei

Senior devops engineer

Jacob Olsen

Advisor

Josh Gray

Adviser to Founding CEO

Paresh Patel

Paresh Patel

Founder & CEO

Bobbi Mcconnell

Executive assistant

Activity

Recent News
6
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

month