PayNearMe – a rapidly growing fintech company focused on improving the consumer payment experience – announced it has closed $45 million in Series D funding led by Queensland Investment Corporation (QIC) with participation from True Ventures, Costanoa Ventures, August Capital, DNS Capital, Invicta Management and H. Barton Asset Management. The company will use the funds to accelerate its growth, further develop its innovative payments platform, and create even more data-driven value for its clients.
With access to data, PayNearMe clients are able to create hyper-personalized experiences for their customers, increase operational efficiency and uncover new revenue streams. And PayNearMe is focused on creating more value for its clients and partners while expanding its offering into new vertical markets.
KEY QUOTES:
“We’ve been impressed with PayNearMe’s performance and breakout success. Payments data is the next emerging opportunity for businesses, and PayNearMe is enabling its clients to access that data and leverage it as a strategic asset. The company’s innovation is extremely powerful and will, no doubt, transform the payments industry.”
— Matt Diestel, Partner, QIC
“Our growth has continued to accelerate as we serve the needs of more and larger clients. This investment enables us to deploy additional resources to increase the rate of innovation for our clients, allowing us to support the increasing demand for frictionless payments in new and existing vertical markets by developing features that deliver value across the full payment experience.”
— PayNearMe CEO Danny Shader
