San Jose, CA – PayRange, makers of the world’s simplest way to enable machines to accept card and digital payments, today announced that it has received $12 million in Series A funding led by Matrix Partners to modernize the $45 billion vending industry still stuck in the era of cash and coins. PayRange enables vending machines to accept any form of payment, from credit card to Apple Pay, so that consumers have the freedom to purchase what they want, when they want.
PayRange was founded by Paresh Patel, an unattended retail veteran, to provide operators and consumers with a simple and secure mobile payment and loyalty solution for laundry, vending, amusement, and other small ticket merchants. PayRange is the North American leader in mobile payments for unattended retail, with over 3 million users and a network of machines throughout 350 cities and towns in the US and Canada. Find out more at www.payrange.com.