PayRange

paymentsmobile/digital wallet

FOUNDING YEAR: 2013
LOCATION:
Last Update: 05/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

PayRange is a mobile payment solution for vending, parking, transit ticketing, laundry, amusement, and more. PayRange provides a hardware device to be installed on the vending machines. The device called "BluKey" stores the credit card information of the user using the vending machine. Provides a smartphone application using which customers of the vending machine can choose what product to buy and pay via the mobile only.

Focus

PRODUCTS & SERVICES

Mobile payment platform for vending, parking, transit ticketing, laundry, amusement, and more. It aims at easy check-out process by enabling credit card payments at vendor machine.

MAIN CLIENTS

Vending Machine Owners

EXISTING PARTNERSHIPS

Vagabond Vending - To integrate its vending.

COMMENT

The company produces a device that plugs into vending machines that interacts with an app. It uses Bluetooth to connect to the app, wherein customers can make a purchase. The device works with basically any vending machine, making it a good way to retrofit existing machines to take credit cards as cash becomes increasingly less commonplace.

Traction

VALUATION / MARKET CAP:

$80 M in 2015

Momentum

FUNDED

YES

TOTAL FUNDING

$17.5 M

DATE OF LAST FUNDING

Nov 2018

SEED & PRIOR FUNDING

$2.75 M

FUNDING SERIES

SERIES A  · $12 M  · Jun 2015

OTHERS  · $2.75 M · Aug 2014

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

Views:

249 VISITORS | 369 VIEWS
LATEST FUNDING ROUND

$17.5 M

TOTAL EMPLOYEES
11-50

About

PayRange is a mobile payment solution for vending, parking, transit ticketing, laundry, amusement, and more. PayRange provides a hardware device to be installed on the vending machines. The device called "BluKey" stores the credit card information of the user using the vending machine. Provides a smartphone application using which customers of the vending machine can choose what product to buy and pay via the mobile only.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack