• June 25, 2015

Vending machine payments by smartphone: PayRange raises $12 million

Put away that role of quarters. You may soon be able to pay for your load of laundry with a smartphone.

Portland startup PayRange said Thursday it has raised an additional $12 million investment, a very large venture capital round by Oregon’s modest standards.

About PayRange:

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.

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