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US-based fintech PayNearMe has secured $45 million in a Collection D funding spherical led by Queensland Funding Company (QIC).
PayNearMe secures $45m Collection D funding
The spherical additionally noticed participation from True Ventures, Costanoa Ventures, August Capital, DNS Capital, Invicta Administration and H Barton Asset Administration.
Based in 2009, the Santa Clara, California-based agency operates a funds platform processing a variety of fee varieties together with money, debit, credit score, ACH and mobile-first funds for companies and authorities businesses worldwide.
The corporate claims its platform additionally helps companies enhance buyer engagement, enhance operational effectivity and drive down the whole value of accepting funds.
With the brand new funds, PayNearMe plans to speed up its progress, develop its funds platform additional, and create extra data-driven worth for its purchasers by serving to them create “hyper-personalised” experiences, enhance operational effectivity and unlock extra income streams.
“Funds knowledge is the subsequent rising alternative for companies, and PayNearMe is enabling its purchasers to entry that knowledge and leverage it as a strategic asset,” says Matt Diestel, associate at QIC. “The corporate’s innovation is extraordinarily highly effective and can, little question, rework the funds business.”
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