PayNearMe

PayNearMe

Flexible payments platform with cash options

Overview

PayNearMe provides a payments platform that lets businesses and their customers choose how to pay. It supports a wide mix of payment methods, including cards, ACH, cash, and mobile wallets like PayPal, Venmo, Cash App, and Apple Pay. It also offers a cash payment service at more than 60,000 participating retail locations, making it easy for consumers to pay in person. The platform is designed to be user-friendly and helps collections agents work more efficiently. It uses artificial intelligence to improve bill-pay experiences and leverages payments data to tailor customer experiences, while earning revenue by charging businesses a fee to use the platform. PayNearMe differentiates itself with its broad set of payment options (notably cash at many retail locations) and AI-powered, personalized payment experiences. Its goal is to provide a flexible, simple way for customers to pay and for businesses to collect payments, enhancing customer satisfaction and payment conversion.

About PayNearMe

Simplify's Rating
Why PayNearMe is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Fintech

Financial Services

Company Size

201-500

Company Stage

Series E

Total Funding

$223M

Headquarters

Santa Clara, California

Founded

2009

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Simplify's Take

What believers are saying

  • February 11, 2026 management cited record 2025 performance and growing PayXM demand.
  • March 31, 2026 PayXM tools recovered seven percent of abandoned payments and cut servicing costs.
  • April 2026 Niall Hayes joined from Twilio to scale AI-powered payments infrastructure.

What critics are saying

  • March 2025 trademark suit against Substring LLC shows legal distractions and brand-defense costs.
  • Stripe, PayPal, and Worldpay compress pricing and features, threatening PayNearMe's niche monetization.
  • If Cash App or bank partners change rules, PayNearMe's gaming and collections flows weaken fast.

What makes PayNearMe unique

  • PayXM unifies cards, ACH, Cash App Pay, Venmo, Apple Pay, and cash.
  • March 17, 2026 Kinective partnership pushes PayXM into thousands of banks and credit unions.
  • June 2026 PayNearMe became first-to-market Cash App Pay provider for real-money gaming.

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Funding

Total Funding

$223M

Below

Industry Average

Funded Over

13 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Below Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1.3B
Epic Games
$1.5B
Airbnb

Benefits

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Jul 23rd, 2026
PayNearMe named to CNBC's top fintech list after hitting $200M revenue with 60% growth

PayNearMe has been named to CNBC's World's Top Fintech Companies 2026 list in the Payments category. The Santa Clara-based company pioneered Payment Experience Management, which helps businesses improve the end-to-end payment experience across customers, support and operations. CNBC and Statista evaluated over 3,500 fintech companies worldwide using publicly available data and performance indicators across eight categories. PayNearMe surpassed $200 million in annual revenue in 2025, marking 60% year-over-year growth. The company expanded its platform adoption from approximately 16,000 businesses in 2024 to 20,000 in 2025. PayNearMe also secured a $50 million investment to accelerate innovation. Its platform supports major payment types including PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay, cards, ACH and cash at over 62,000 US retail locations.

PayNearMe
Jul 23rd, 2026
CNBC names PayNearMe one of the World's Top Fintech Companies for 2026.

CNBC names PayNearMe one of the World's Top Fintech Companies for 2026. July 23, 2026 Recognition highlights the company's leadership in Payment Experience Management and strong business momentum SANTA CLARA, Calif. - PayNearMe, the fintech company pioneering Payment Experience Management (PEM), today announced it has been named to CNBC's World's Top Fintech Companies 2026 list, produced in partnership with Statista Inc., the world-leading statistics portal and industry ranking provider. PayNearMe was recognized in the Payments category, reflecting the company's innovation, rapid growth and leadership in redefining how non-commerce businesses think about payments. CNBC and Statista evaluated more than 3,500 fintech companies worldwide using publicly available data, company submissions and an analysis of overarching and segment-specific performance indicators across eight fintech categories. The recognition comes as businesses embrace Payment Experience Management to improve the end-to-end payment experience across customers, support and operations. In doing so, they can accelerate payments, reduce the total cost of acceptance and ultimately improve cash flow and profitability. "We're honored to be recognized alongside many of the world's leading fintech companies," said Danny Shader, founder and CEO of PayNearMe. "For years, the payments industry has focused on taking basis points out of processing. Today, organizations increasingly understand that the greater opportunity lies in improving the entire payment experience. Payment Experience Management gives businesses a new way to measure, manage and improve that experience, and we're proud to be leading that movement." Building on strong business momentum. The recognition follows a period of significant business growth and continued innovation for PayNearMe. Recent company milestones include: * Surpassed $200 million in annual revenue in 2025, representing 60% year-over-year growth. * Expanded platform adoption from approximately 16,000 businesses in 2024 to 20,000 in 2025. * Secured a $50 million investment to accelerate innovation and advance Payment Experience Management. Together, these milestones demonstrate growing market recognition that improving the entire payment experience has become a strategic business priority across the bill pay industry. The full list of companies is available on CNBC.com. About PayNearMe. PayNearMe pioneered Payment Experience Management (PEM), the discipline of owning and continuously improving the entire payment experience, from request to reconciliation. With PayXM(TM), the industry's first platform purpose-built for PEM, every touchpoint in the payment journey becomes easy - driving customer satisfaction, accelerating payments, and reducing the total cost of acceptance. The platform supports all major payment types and channels, from PayPal, Venmo, Cash App Pay, Apple Pay, Google Pay, cards and ACH to cash at more than 62,000 U.S. retail locations. Thousands of businesses across industries, including consumer lending, iGaming and online sports betting, property management, and tolling, rely on PayNearMe to manage the end-to-end payment experience with a single platform and integration. Media contact. Liz Powell [email protected] 917-309-3370

Associated Press
Jun 17th, 2026
Dulles Greenway launches PayNearMe platform for toll payments including cash at 62,000 retail locations

Dulles Greenway has launched PayNearMe, a payment platform allowing drivers to manage and pay tolls through multiple methods, including credit cards, digital wallets (Apple Pay, Google Pay, PayPal, Cash App Pay), bank transfers and cash at over 62,000 retail locations. A key feature enables drivers to search for and pay missed tolls online before receiving violation notices, helping avoid late fees. Cash payments are accepted at CVS, Walmart and 7-Eleven stores, with receipts provided instantly and payments posted in real time. Digital wallets accounted for 53% of tolling payments nationally in 2024. The 14-mile privately owned toll road connects Washington Dulles International Airport with Leesburg, Virginia, and has operated since 1995.

CDC Gaming
Jun 15th, 2026
PayNearMe announces launch of Cash App Pay for real-money gaming.

PayNearMe announces launch of Cash App Pay for real-money gaming. Monday, June 15, 2026 4:26 PM Email, LinkedIn, and more Last week at SBC Summit Americas, PayNearMe announced the launch of Cash App Pay for use in real-money gaming. It's not an ordinary announcement, not when 59 million people, many of them Gen Z - born from 1997 to 2012 - use Cash App instead of traditional banks. "It is a very large account for stored value," PayNearMe Vice President, Gaming & Sports Betting Leighton Webb said during the summit. "People use Cash App for everything, from paying for items to taxes... People are using Cash App basically as their bank." Whereas an app such as Venmo is transactional - people use it to send money to a friend, for instance - Cash App has replaced banks for its users. "Effectively they're using it for their financial life," Webb said. "What's unique about Cash App is that if you think of it as an ecosystem, it is bringing that ecosystem to the gaming audience. Fifty-nine million people, billions and billions of dollars of transactions, through that Cash App ecosystem." With close to 60 millions users, that's about one of every seven people in the United States using Cash App. Webb says that compared to PayPal, which skews to an older user, Cash App's users tend to be younger. "A big segment of that audience is a younger demographic, but again, what's unique is right now those users, they're playing on gaming apps but they don't have a way to use their primary payment method," Webb says. "Our research consistently shows that payment choice directly impacts player engagement. When players can use their preferred payment method, they're more likely to complete transactions and remain active. Convenience matters - just as consumers often favor merchants that accept Apple Pay, players are drawn to gaming platforms that support the payment experiences they prefer." Online players in Arkansas can pay for gaming with Cash App. BetSaracen is the first operator worldwide to go live, with additional operators expected to launch in the second half of 2026. BetSaracen, the sports wagering arm of Saracen Casino Resort, is one of America's top-performing single-state operators. "Our players expect payment options that are fast, simple and aligned with how they manage their money," said Saracen Casino Resort General Manager Matt Harkness. "Payments are everything, and adding Cash App Pay gives us a seamless way to meet those expectations while expanding the payment choices available in our app." Webb says Cash App users can use it to pay for igaming play. They also have a debit card that can be used to withdraw money in brick-and-mortar from ATMs. But so far, there are no plans to make Cash App available for cashless payments at casinos. "I think people in general, they're not looking to add new payment types," Webb says. "You probably use one or two credit cards and your debit card. It's very difficult to get someone to sign up with a brand new payment type, a new way of doing things. Versus with Cash App - we're getting them to use something they're already using, and they prefer to use." "That tender is available to them, and they're going to be more inclined to use it because they're already using it regularly," Webb says. "It's not a new tender that's being introduced. We're not trying to get people to sign up and have them do things in a different way. That's the key thing. I think where companies struggle is when they try to introduce a new tender and say, 'hey, here's this new thing, we want you to do things in a new way.' That's very difficult to do."

PR Newswire
Apr 23rd, 2026
PayNearMe appoints Niall Hayes chief development officer to lead AI-powered growth

PayNearMe has appointed Niall Hayes as Chief Development Officer and EVP of Engineering. Hayes will lead the company's engineering organisation, focusing on scaling payments infrastructure and advancing AI-powered innovation across the platform, which processes over $50 billion annually. Hayes brings over 25 years of experience in engineering leadership. Most recently, he served as SVP of Engineering at Twilio, overseeing the Communications platform that handled trillions of emails and hundreds of billions of messages annually. He has also held leadership positions at Pantheon, KIXEYE, Zynga and Electronic Arts. The appointment comes as PayNearMe experiences strong growth in its Payment Experience Management platform, PayXM, which supports businesses across consumer lending, iGaming, property management and tolling sectors.

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