PayNearMe Lets you buy Products and Make Online Payments with Cash, Raised Another $20 Mn

According to Estimates from FDIC, 10 million American households don’t have bank accounts and 24 million are underbanked, representing 8.2 percent and 20.1 percent respectively. PayNearMe’s solution enables people to buy products and make payments online, using cash. On 6th February 2014, the company announced that it had raised another $20 Mn in funding.

PayNearMe was founded in March 2009 by Danny Shader (CEO). The company ...

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