PayNearMe Garners $50 Million to Elevate PayXM Platform

PayNearMe, a prominently established fintech company based in California, has successfully secured a significant investment of $50 million from its recent Series E funding round. This financial boost is set to spearhead the enhancement and expansion of PayNearMe's Payment Experience Management solutions. The funding was notably led by Atlantic Vantage Point (AVP) via its Growth Fund I, emphasizing AVP’s commitment to fostering technological innovation and expansion in the fintech industry. The investment comes as a significant milestone for PayNearMe, renowned for revolutionizing the payment processes across non-commerce sectors. With this fresh capital, the company is poised to extend its market reach and continue evolving its payment technology offerings, delivering comprehensive solutions for managing the entire payment lifecycle across diverse industries.

Strategic Support from AVP for Future Growth

Elizabeth de Saint-Aignan, a prominent figure spearheading growth strategy at AVP as General Partner and Head of Growth Fund, North America, expressed her enthusiasm for the investment in PayNearMe. She remarked, “PayNearMe has redefined what it means to deliver a modern payment experience. The company is uniquely positioned to solve challenges in a space long underserved and overlooked.” AVP’s backing is a testament to its broader strategy of supporting over 60 technology-centric enterprises since its inception in 2016, managing an impressive portfolio exceeding €2.5 billion across multiple investment strategies. The partnership with PayNearMe underscores AVP’s confidence in the fintech’s vision and proven ability to reshape how non-commerce businesses approach and manage payments, positioning itself as a powerful ally for forthcoming growth initiatives and innovations.

Enhancing Payment Processes with PayXM

Since its founding in 2009, PayNearMe has maintained a consistent focus on optimizing payment processes through its distinctive approach termed Payment Experience Management. CEO Danny Shader emphasized the potential overlooked by many businesses that see payments merely as operational costs. He stated, "For too long, payments have been treated only as a cost of doing business. We see improving payments as a powerful opportunity to help businesses differentiate, drive customer satisfaction, and improve business results. AVP’s funding will allow us to deliver the benefits of Payment Experience Management to more clients and in new markets." In alignment with this vision, PayNearMe has announced the rebranding of its core platform to PayXM™, marking a strategic move towards offering a unified, purpose-built solution designed to enhance the entire payment experience across various channels and methods. PayXM centralizes the payment management process, encompassing a broad spectrum of channels, from card payments to transactions via PayPal, Venmo, and even cash payments accepted at over 62,000 retail locations nationwide. Already supporting a diverse range of industries such as iGaming, online sports betting, consumer lending, and property management, PayXM stands poised as one of the most versatile and adaptive solutions in the digital payment landscape, thanks to the strategic capital infusion. Source: “PayNearMe Secures $50M to Advance the Future of Payment Experience Management”, prnewswire.com, Sep 16, 2025. By GamesAndCasino