With $12 million in new funding, PayRange Inc. wants to place more of its Bluetooth-equipped dongles inside vending machines to enable more consumers to make contactless, and cashless, payments.
A startup is trying to make it easier to pay for a Coke and candy bars with credit cards.
Vending machine payment startup PayRange has secured $12 million from investors and is adding a former Square executive to its board as it looks to scale up deployment of its devices.
PayRange wants to help you buy items from a vending machine without cash or coins.
SAN JOSE, CA — PayRange has closed on $12 million in Series A funding led by Matrix Partners. PayRange, which is expected to use the capital to help deploy its mobile payment technology, said it selected Matrix to lead its funding round based on the global firm’s experience in payments and its history of helping founders scale enterprise and consumer companies. General partner, Jared Fliesler, a former Square executive, will join PayRange’s board of directors.
In the wake of the devastating earthquake that hit Nepal on April 25, 2015, PayRange is offering its new mobile payment app with built-in “offers” capability as a way for Americans to help.
LAS VEGAS, NV (April 22, 2015) – PayRange, the world’s simplest payment solution for machines, unveiled an all-new version of the mobile payment app that includes functionality for offers. PayRange Founder and CEO Paresh Patel presented a keynote and product announcement at the NAMA OneShow that drew a large, enthusiastic crowd of the industry’s leaders.
WASHINGTON — Vagabond Vending has announced a strategic partnership with PayRange (Portland, OR), under which the two companies will integrate data and mobile payments to enable operators to optimize sales and reduce operating expenses through use of Vagabond’s vending management software.
PORTLAND, OR (March 9, 2015) – PayRange Inc. has appointed Mark Bentley as the Director of Strategic Partnerships. Mark Bentley, a vending industry veteran, will assist in the growth of PayRange, the world’s simplest payment solution for machines. Mark joins PayRange with a background of 13+ years in the vending industry as an operator, supplier, and manufacturer making him an expert addition to the company as it grows.
PayRange Inc. announced that the PayRange mobile app for iOS is now enabled to work with Apple VoiceOver. VoiceOver, a gesture-based screen reader, allows visually impaired users to hear a description of everything happening on their screen, from battery level to who’s calling to which app their finger is on.