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On the heels of a nationwide U.S. distribution agreement signed last month, PayRange reveals distribution partners for Canada.

BALTIMORE — PayRange chief executive Paresh Patel spoke at Vistar’s annual sales conference at the Hilton Baltimore on Aug. 13, building excitement over a freshly inked distribution pact between the payments tech company and supply warehouse.

If there ever was a sector screaming for modernization—and especially mobilization—it would be vending machines. The potential to know inventory in advance, to know which of the 10 machines nearby have three of the desired item you and your friends want, to be able to place a group order and to pay in advance and to then have the machine dump it all into a bag, these are the areas where vending machines need to go.

PayRange, the world’s simplest payment solution for vending, today announced funding and distribution news that could modernize machine payments. Following on the heels of a $2.75M funding round, PayRange disclosed a list of notable investors: Nyca Partners (which includes Osama Bedier, former head of Google Payments; Hans Morris, former president of Visa; and Max Levchin, co-founder of PayPal); Anil Aggarwal and Jonathan Weiner, founders of Money 20/20 conference; Barbara Corcoran; Google Ventures; Jared Leto; and Phil Nadel.

PORTLAND, OR — PayRange is poised for a major rollout of its payment technology, with backing by some of the biggest players in mobile payments and a nationwide pact with Vistar for distribution of its novel devices.

Nyca, started by former top executives of Visa, PayPal and Google, hopes to combine New York financial know-how with Silicon Valley’s tech savvy.

PayRange, a startup that allows vending machines to receive smartphone payments, today confirmed a $2.75 million round and announced notable investors like former Google Payments head Osama Bedier and PayPal co-founder Max Levchin.

Portland startup PayRange confirmed $2.75 million in new investment Tuesday from a series of high-profile backers with connections to Google and PayPal – and from actor Jared Leto, who’s begun dabbling in startups.

PayRange, the world’s simplest payment solution for vending, announced that it has signed a strategic distribution agreement with Vistar. As part of the agreement, Vistar’s nationwide staff will focus on the representation and sales of the PayRange technology. “We see this as an incredible partnership,” Paresh Patel, CEO and Founder of PayRange, told VendingMarketWatch. “Vistar has a vested interest in the vending industry, as nearly all operators buy from the company, and now Vistar can help operators increase their sales by accepting mobile payment on the machines.”

Turns out PayRange has a pretty high profile group of investors in its $2.75 million funding round.